Saudi Arabia hosts GCC Financial and Economic Cooperation Committee

Saudi Arabia hosts GCC Financial and Economic Cooperation Committee

Saudi Arabia’s Ministry of Finance hosted the 117th meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee under the chairmanship of Finance Minister Mohammed bin Abdullah Al-Jadaan. The meeting reviewed issues related to enhancing financial and economic cooperation among the GCC countries in addition of discussing the impact of the world economic crises on the GCC economies. The GCC financial ministers and governors of central banks held a meeting with the Managing Director of the International Monetary Fund, Kristalina Georgieva, to discuss inclusive issues of the region, SPA reported. The meeting discussed the harms the world economy has incurred from the coronavirus pandemic, as well as the energy and food market turmoil and cooperation between IMF and GCC countries. BNA(R)