Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabia seeks more clout in IMF, says minister  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 07/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) Saudi Arabia's active support of the International Monetary Fund (IMF) should entitle it to have a stronger voice in that organization, said Saudi Minister of Finance Ibrahim al-Assaf, at a press conference he held here on Saturday with IMF chief Christine LaGarde.

Recapping the talks he and other GCC officials had with LaGarde earlier tody, al-Assaf noted that among many topics of discussion were IMF's role in assisting some Arab economies and conversely the role of Arab states in the IMF. Also GCC states' quota in IMF's capital and IMF's dialogue with each GCC state separately were discussed, said the Saudi minister.

LaGarde, on her part, hoped that her talks with GCC financial officials would result in boosting IMF's efforts at creating stable financial and economic markets worldwide, including in some Arab countries that are beset with doddering economies.

She extoled the buoyant GCC economies, noting their appreciable growth in 2011 and expected even better growth rates in the period ahead.
With regard to IMF assistance to Arab countries, she noted that up to eight billion dollars the organization has given to a number of Arab states, among them Jordan, Yemen, Morocco, and perhaps Egypt with whom the IMF is currently negotiating an offer of assistance.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help