IMF: the Gulf States make financial adjustments to cope with low oil prices
International Monetary Fund: the Gulf States make financial adjustments to cope with low oil prices
Director of the International Monetary Fund Christine Lagarde called on Gulf states to make financial adjustments to counter the drop in oil prices amid expectations survival rates at low levels for years, adding that "the price of oil will continue to be at a level that it is a couple of years and as a result that the GCC countries to make some financial adjustments".
At a news conference after a meeting with ministers and officials from the Gulf Cooperation Council (GCC) during her visit to Doha, Lagarde explained that "These amendments include strict controls on spending, particularly with regard to the salaries of the public sector, and encouraging the private sector," noting that "the volume of modifications and necessity It differs from one country to another. "
Director of the International Monetary Fund confirmed that the "fiscal consolidation well planned strategies should be implemented as soon as possible be placed, and to inform the people to understand how it will be edited."