Gulf central banks should act to boost liquidity – IMF report

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 outco