DUBAI: The managing director of the International Monetary Fund, Kristalina Georgieva, has commended the Gulf’s economic success and said she admires its efforts.
Speaking at the World Governments Summit on Tuesday, Georgieva said discussions with ministers of finance and central bank governors in the region were showing maturity, which helped them move their economies forward.
“If you want to compete in the world we are today, you have to come up with a sense of purpose and unity and the Gulf has demonstrated capacity to do so,” she added.
Georgieva said she admired what the Gulf Cooperation Council had done with investing in human capital and recognizing the importance of dialogue and cooperation: “Because you have invested in human capital before AI took over, you have such a strong comparative advantage today when this new technology is coming to life.”
She also urged Gulf countries to learn from Europe’s mistakes.
