German chancellor Angela Merkel met with the King of Saudi Arabia to discuss trade deals © Kay Nietfeld/dpa/PA Images
German chancellor Angela Merkel met with the King of Saudi Arabia to discuss trade deals © Kay Nietfeld/dpa/PA Images

More reforms needed to balance GCC books, says IMF

2 May 2017

Rising oil prices and austerity packages have improved the growth prospects of Gulf Cooperation Council (GCC) countries but more reforms are needed, according to the International Monetary Fund (IMF). 

In its latest Regional Economic Outlook for the Middle East and Central Asia, the IMF said oil-producing GCC members would see their budget deficits shrink as austerity, taxes and stable oil prices began to take effect.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Cornwall
£37,191 - £44,697
Cornwall County Council
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE