IMF Chief at GCC Finance meet


A crucial meeting of the Financial and Economic Committee of the Gulf Cooperation Council (GCC) is being held at Abu Dhabi on Saturday.

The meeting, chaired by Sheikh Hamdan bin Rashid Al Maktoum, the Deputy Ruler of Dubai and the Finance Minister of UAE will take stock of the progress in areas of economic co-operation in the region.

The agenda also includes a closed session by the GCC Financial and Economic Committee, the GCC Committee of Governors of the Central Banks and Monetary Agencies and the International Monetary Fund (IMF) Managing Director.

In the wake of recent international and regional economic  crisis , it is expected that the leaders will strive to promote a stable global economic growth which is able to address social issues, reform global financial systems, and organize monetary markets.

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