AlQa'dah 18, 1433, Oct 4, 2012, SPA -- The International Monetary Fund (IMF) views the Gulf Cooperation Council (GCC) member States as an influential group, particularly the oil producing countries, that have already and continue to play a stabilizing role in the global financial crisis, IMF Chief Christine Lagarde said in an exclusive briefing to Arabic press members on late yesterday (Wednesday). “This is definitely the case with the Kingdom of Saudi Arabia and most oil producing countries in the region are following that trend that has been set by Saudi Arabia is to try to stabilize, to reduce the volatility," Lagarde said in the IMF headquarters in Washington. When asked what role can the Kingdom play within the IMF specifically in the future, Lagarde said, “It is no secret that Saudi Arabia in particular has played a key role in the IMF at critical times," --More
