THE GOVERNMENT OF Qatar’s careful fiscal management is proving to be a driving force for project finance, the big theme for banking in the country. There is no shortage of local, regional and international financial institutions keen to lend the government money for development projects, most of which have been in the energy sector.
Although the government has gone to the international debt capital markets several times since the late 1990s, Andrew Stevens, chief executive of Commercialbank, notes that in the oil and gas sector it has a policy of bringing in reputable international partners, many of which bring their own equity.
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