Thursday, July 10, 2014





IMF chief predicts sustainable Gulf growth


February 17. 2013 8:07AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The head of the International Monetary Fund has predicted that the economies of the oil-rich countries of the Gulf Cooperation Council will grow at sustainable but reduced rates.


Christine Lagarde, the managing director of the IMF, spoke at a news conference Saturday after attending a meeting of the six-nation GCC.


Lagarde praised the GCC countries' management of oil prices and reserves and said it contributed to the stability of the world's economy.


In return, Saudi Finance Minister Ibrahim al-Assaf praised the role of the IMF in dealing with regional economic woes in the wake of the Arab uprisings that replaced longtime leaders in Egypt, Tunisia, Yemen and Libya and rattled local economies. Saudi Arabia is one of the largest donors to countries of the region and contributors to the IMF.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds