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Emerging Markets

Oil recovers but EM petro states warned to diversify funding as revenues plunge

AdobeStock_oil_money_575x375_17Feb2021

Despite a modest recovery in oil markets after an unprecedentedly volatile period last year, hydrocarbon-dependent emerging market governments are being warned to diversify urgently, amid estimations that a multi-trillion dollar revenue gap looms over some of the most vulnerable oil exporters. Capital markets must play a critical role in that transformation, say industry experts.

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