Oil-dependent economies are vulnerable to macroeconomic fiscal instability stemming from high oil price volatility in the short – run and the exhaustibility of oil in the long – run. The workshop discussed the main challenges confronting oil-dependent economies that could stop them from achieving their long-term economic objectives.
![Managing Oil Wealth to Maximize the Welfare](https://wscdn-01.kapsarc.org/wp-content/uploads/2018/05/Saudi-Riyal_shutterstock_635316509-150x150.jpg)