Arab Today, arab today kuwait role in mideast stability
Last Updated : GMT 14:36:33
Arab Today, arab today
Arab Today, arab today

Kuwait role in Mideast stability

Arab Today, arab today

Arab Today, arab today Kuwait role in Mideast stability

Kuwait - KUNA

Managing Director of the International Monetary Fund (IMF) Dr. Christine Lagarde said Sunday the State of Kuwait plays a great role in bringing about economic stability in the Middle East. Addressing reporters at Kuwait Central Bank, Lagarde said: "It has been a great pleasure to visit Kuwait, where I have had the privilege of meeting with His Highness Sheikh Sabah Al-Ahmad Al-Sabah and discussing with him recent developments in the region, as well as the global and domestic economic situation." "We exchanged views on the important role Kuwait plays in regional economic developments. I conveyed my gratitude to Kuwait for its support of its Arab neighbors facing challenging transitions and underlined the IMF's efforts to encourage the international community to provide additional assistance," she said. "I also noted our appreciation for the commitment by Kuwait and other countries of the Gulf Cooperation Council to ensure that the IMF's resources are sufficient to help all members in need. "I had the opportunity to hold fruitful consultations with His Excellency Finance Minister Sheikh Salem Abdulaziz Al-Sabah as well as my host, the Governor of the Central Bank Dr. Mohammed al-Hashel, on recent developments, economic priorities and the outlook for Kuwait. "My visit was a great opportunity to meet with some leading Kuwaiti women, members of the private sector, as well as students at Kuwait University. Our vibrant exchange of views gave me a better sense of the changes that have taken place in the country since my last visit. "I also had the pleasure of visiting the IMF-Middle East Center for Economics and Finance in Kuwait City, a premier training center in the region, " Lagarde went on. "The center has trained over 2,100 government officials from 22 Arab countries and has been able to increase sharply its training of Kuwaiti and other Arab League officials by offering more than 40 courses this year, the bulk of which are organized by the IMF. "This training is helping to build capacity for economic decision-making and policy implementation in all Arab League member countries. I conveyed our appreciation for Kuwait's generous support not only to the center, but also for its contributions to the Fund's technical assistance initiatives in the region. "The final highlight of my visit today was the opportunity to give a speech at the newly created Central Bank Symposium. My main message there for Kuwait, and its Gulf neighbors, was that the region has made good progress and needs to build on its gains-the time to plan for the future is now. "As I said in my speech, I greatly appreciate our close cooperation with the countries of the Gulf Cooperation Council and look forward to working together on addressing the challenges facing the wider region. "Kuwait has navigated the global crisis well and its macroeconomic performance remains strong. The country faces challenges, however, that could be overcome by implementing stronger economic policies," she pointed out. "Spending rigidities and a growing reliance on oil revenues have increased fiscal risks, notwithstanding the current high fiscal surplus and large buffers. To contain these risks from eroding buffers and to save for future generations, it is important to contain current expenditures such as the public sector wage bill and generalized subsidies, and find ways to enhance non-oil revenues. "This requires strong policy frameworks and fiscal institutions to guide public spending and the medium-term fiscal consolidation process. "I have today announced the release a book written by IMF staff on the Macroeconomics of the Arab Countries of the Gulf, which marks an important contribution for the IMF in its operational work in the GCC region. "I would like to express my appreciation to the Kuwaiti authorities and people for their hospitality and warm welcome, and I reiterate the IMF's readiness to help the Kuwait economy in areas of its expertise," Lagarde added

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait role in mideast stability Arab Today, arab today kuwait role in mideast stability

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait role in mideast stability Arab Today, arab today kuwait role in mideast stability

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday