Page 44 - PowerPoint Presentation

QATAR STATE OF AFFAIRS 2018

QATAR’S FINANCIAL AND OTHER AFFAIRS OF THE
POST BLOCKADE ERA. CAN AN ECONOMY LIKE QATAR

AFFORD TO REMAIN ALOOF AT THIS JUNCTURE??

“The only time you should ever look back, is to see how far you have
come,” said Mick Kremling. Qatar continues to live up to this dictum. We

kept moving forward without being defined by how others expected
conditions to emerge. That is a huge victory by itself irrespective of the
impact on the economy that blockade had caused.

The blockade broadly raised risk-related concerns on (1) Sustainability to
provide essential items to people regarding physical availability and fiscal

capability (2) Safeguarding of national assets including from cybersecurity
threats (3) Honoring commitment to host mega sports event FIFA 2022.
From a broader risk perspective, these would translate into continuity,

financial and reputational categories of risks. Measurement, monitoring,
and mitigation of these risks call for high caliber risk management.

A year later, as we objectively analyze, these risks are not on the horizon
looming large as major threats. The reason undoubtedly should be attributed
to extraordinary and exemplary acts by leadership. There has been deep-

rooted and evident patriotism that propelled inclusive intents with far-
reaching results.

The blockade neither affected the fulfillment of commitments to supply gas
to Qatar’s customers in the world nor harmed the stability of the national
currency. The Qatari economy is blessed with good resources, and newer

policies permeated business diversifications and infrastructure
development. The government took the role as an importer, and with

commercial acumen attracted varied sources that helped to maintain the
price of essential products. There was a well-directed strategy for ensuring
the expansion of storage capacities for food security and logistics. Banking

sector reports indicate buoyancy with the evident rising of deposits,
business credit expansion and improving liquidity. 44
www.icaidohachapter.org