Gulf central banks should act to boost liquidity – IMF report

Countries could face credit and liquidity squeeze unless they take action

Riyadh
The GCC meeting was held in Riyadh, Saudi Arabia

Central banks among the countries of the Gulf Cooperation Council (GCC) should make improved domestic liquidity a priority as the economies struggle to diversify from oil, says a report by the International Monetary Fund published on November 23.

"It will be necessary to step up [the] monitoring of the banking sector and ensure effective liquidity-assistance frameworks. [Non-performing loans] are also expected to rise with the slowing in growth," IMF staff say in the report, discussing the

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