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IMFSurvey Magazine: Interview

Dubai, United Arab Emirates. The real estate sector remains a source of financial vulnerabilities in the member states of the Gulf Cooperation Council (photo: Ian Cumming/Newscom)

Gulf Countries Should Refine Policies to Ensure Financial Stability

March 19, 2014

The experience of the boom and bust in 2008-09 demonstrates the vulnerability of the member countries of the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—to credit and asset price cycles, and makes macroprudential policies especially important, says IMF.click for more

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