Monday, February 12, 2018

I Don't Think It's Just Arab States And The Middle East That Need To Reign In Expenses

IMF chief urges Arab states to slash spending

IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed "promising" reforms adopted by some Arab countries, but insisted much more was needed to overcome daunting economic and social problems.