The Arab World's ongoing security predicaments and restrained economic growth have produced a different set of challenges for the governments across the region. In an attempt to continue financing their projects, these governments have circumnavigated their sovereign wealth funds and government subsidy programs, and have turned to the issuance of bonds. This may ameliorate the financial concerns of the region, but it can also worsen the financial climate if economic growth stagnates.

How Arab States Are Learning to Stop Worrying and Love Debt by The Wilson Center on Scribd