{
  "id": 11228325,
  "title": "IMF praises Gulf economies’ resilience amid global uncertainty",
  "url": "https://urgent.news/2026/10/01/imf-praises-gulf-economies-resilience-amid-global-uncertainty",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T15:41:24.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/business/3tl25mhgm"
  },
  "original_language": "en",
  "account": "The International Monetary Fund has lauded the Gulf Cooperation Council economies for their growth and stability, despite the growing geopolitical challenges on a global scale. The IMF has acknowledged the resilience of these economies and the economic and fiscal measures they have implemented in the current turbulent climate, reaffirming their capacity to maintain growth amidst escalating global uncertainty and volatility. This statement was made during a gathering of GCC finance and economy ministers and central bank governors with the IMF Managing Director, held in Manama and led by Bahrain's Minister of Finance and National Economy, Salman bin Khalifa Al Khalifa.\n\nGCC Secretary-General Jassim Mohammed Al-Budaiwi pointed out that disruptions in energy production, shipping, logistics, and trade have once more highlighted the potential of geopolitical developments to swiftly affect the region's economies and the global markets. He emphasized that the resilience demonstrated by GCC economies is not a mere coincidence, but the outcome of well-planned economic and fiscal policies, substantial financial resources, robust banking systems, and strategic investments in infrastructure and economic diversification.\n\nThe immediate focus for GCC states, according to Al-Budaiwi, should be maintaining macroeconomic and financial stability, while ensuring that policies remain adaptable and responsive to any developments. He stressed the importance of embedding resilience as a fundamental aspect of member states' economic structures. Al-Budaiwi also highlighted the necessity of accelerating efforts to enhance economic integration among GCC countries, enabling the smooth movement of goods, services, capital, and citizens. He further called for advancing structural reforms that bolster the private sector's role, increase competitiveness, encourage innovation, and promote digital transformation, thereby hastening the transition towards more diverse, knowledge-based economies.",
  "summary": "The IMF has commended Gulf Cooperation Council economies for maintaining growth and stability despite mounting global geopolitical challenges.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}