Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

How Should GCC Countries Diversify Their Economies And Promote Inclusive Growth?

Post new topic   Reply to topic

Go down

How Should GCC Countries Diversify Their Economies And Promote Inclusive Growth?

Post by claud39 on Mon Dec 10, 2018 7:51 am

https://www.imf.org/en/News/Articles/2018/12/07/NA120918-how-should-gcc-countries-diversify-their-economies-and-promote-inclusive-growth




Skyline of Central Business District (CBD) and First Ring Road motorway in Kuwait City, Kuwait (Masterton/Alamy stock photos)


  • [url=https://www.imf.org/en/News/Search?Type=News article&category=IMF Country Focus]IMF COUNTRY FOCUS[/url]

[size]

How Should GCC Countries Diversify Their Economies And Promote Inclusive Growth?


December 9, 2018

Recent volatility in oil prices underscore the need for the six countries in the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—to continue their reforms to diversify their economies and encourage strong, stable, and inclusive growth.

Two recent IMF papers examine how greater openness to trade and foreign investment and more developed and inclusive financial sectors can help attain these goals.

Trade and Foreign Investment—Keys to Diversification and Growth in the GCC” explores benefits from further openness and identifies policy measures.


RELATED LINKS

[/size]


 


  • Foreign trade in the GCC has been expanding robustly, though with limited non-oil exports. Foreign direct investment inflows have stalled in recent years despite measures to reduce red tape and provide incentives.
  • Greater openness to trade and foreign investment can lead to higher growth in the GCC by creating jobs, enhancing productivity with new technologies, promoting knowledge, and creating a more competitive business environment.
  • Closing regional gaps in foreign direct investment and exports could have a significant impact of up to one percentage point increase in real, non-oil per capita GDP growth. Promoting exports by reducing non-tariff barriers could add a further 0.2-0.5 percentage points.
  • Boosting non-oil exports and attracting more FDI requires supportive policies:  investing in human capital, increasing productivity and competitiveness, improving the business climate, and reducing remaining barriers to foreign trade and investment.

[size]

How Developed and Inclusive are Financial Systems in the GCC?” surveys financial development and inclusion in the region, highlighting possible areas for further reforms.

[/size]

  • Financial systems in the GCC have developed significantly over the last few decades, but there is further room for progress.
  • GCC countries have also made progress on financial inclusion (making financial services more widely available to everyone in society), but gaps remain in some key areas, particularly access to finance for small and medium enterprises (SMEs), women, and youth. 
  • Reforms to strengthen access to finance for SMEs, women, and youth, including promoting competition in the financial sector, enhancing financial literacy, and improving SME governance would all benefit growth.
  • Developing debt markets and further stock market reforms would help foster financial sector development, as well as development of non-bank financial institutions, such as investment firms.

claud39
VIP Member
VIP Member

Posts : 4846
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You can reply to topics in this forum