File picture shows Christine Lagarde and Obaid Humaid Al Tayer at a press conference on the sidelines of the Arab Fiscal Forum. (Image Credit: Ahmed Kutty/Gulf News)

IMF chief’s advice for Arab countries

Lagarde provided recommendations for generating government revenues in order to support growth

Abu Dhabi: The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, recently provided recommendations to develop a medium-term strategy that would enable Arab countries to generate government revenues to support growth.

“Gradual fiscal consolidation and vigorous implementation of structural reforms will help the UAE economy adjust to lower oil price,” Lagarde said in a statement at the conclusion of a meeting with the officials of the UAE Ministry of Finance on the sidelines of the World Government Summit 2017 (WGS), held earlier this month in Dubai, according to an emailed press release from the Ministry.

“In my speech at the opening of the Arab Fiscal Forum, jointly organised by the Arab Monetary Fund (AMF) and the IMF, I stressed the importance of developing a...Read more...