1 “...The Arab Spring holds the promise of improved living standards and a more prosperous future...”

2 “... for sweeping changes to the economic setting. Qatar’s large financial holdings can help diversify revenues...”

3 “..., and a recovery is expected to take hold in the second quarter of 2021...”

4 “.... Concerns about social tensions at the beginning of the year put on hold the needed fiscal consolidation...”

5 “.... Concerns about social tensions at the beginning of the year put on hold the needed fiscal consolidation...”

6 “... political paralysis preceding the formation of the government in May 2020 and plans to hold early...”

7 “... to pick-up further over the medium term as the reforms take hold and oil output increases. Risks...”

8 “... composition of physical cash they hold in their vaults through transactions with other commercial banks...”