IMF's Rato welcomes GCC monetary union progress

Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), gave a statement on Tuesday 18 October following a meeting in Jeddah, Saudi Arabia, with the finance ministers and central bank governors of the six-nation Gulf Cooperation Council (GCC).

"I appreciate the opportunity to meet once again with the finance ministers and central bank governors of the GCC. This regional dialogue provided a unique opportunity to discuss common challenges and explore ways to address them. I