Friday, December 23, 2016

Saudi Arabia is Broke: Plans to Borrow $10 billion to $15 billion internationally in 2017!


It is never a good thing for any nation to depend solely on natural resources that can fail at any time, this is the problem most crude oil dependent economies like Saudia Arabia, Nigeria, etc are currently facing and will face more challenges in the coming years.

We speculated this some months back, and just now, a government source in the Saudi government confirmed that Saudi Arabia plans to borrow $10 billion to $15 billion internationally in 2017.

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