The Finance Ministers and Governors of the Monetary Agencies and Central Banks of the Gulf Cooperation Council (GCC) Member States held virtually today a meeting with the Managing Director of the International Monetary Fund (IMF). GCC Secretary General Dr. Naif Falah Al-Hajraf took part in the meeting. During the meeting, a number of issues pertaining to financial and monetary fields were discussed, a press release said, citing an official paper submitted by the IMF on the economic potentials and policy challenges in the GCC countries which focussed on the repercussions of coronavirus on the international economy as well as the dual impact of coronavirus and fall of oil prices on the GCC countries economies. The meeting also reviewed the priority of continuing to meet the health, and economic needs originating from coronavirus as well as the importance of structural reforms to enhance growth and creation of jobs.
