GCC Finance Ministers Hold 111th Meeting of GCC Financial and Economic Cooperation Committee

The Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee held the 111th meeting via virtual network, chaired by Obaid Humaid Al-Tayer, Minister of State for Financial Affairs of the United Arab Emirates.
During the meeting, the Finance Ministers of the GCC States reviewed a number of issues, including the recommendations submitted by the GCC Committee of Governors of Monetary Institutions and Central Banks, the Gulf Common Market Committee, and the GCC Customs Union Committee. As well as, the proposed issues for the International Monetary Fund to study and submit those studies at the joint meeting of the GCC Financial and Economic Cooperation Committee, the GCC Committee of Governors of Monetary Institutions and Central Banks and the Director General of the International Monetary Fund.
They also reviewed the latest precautionary measures and efforts undertaken by Member States to ensure the provision of the financial requirements necessary to implement preventive and direct measures to deal with the consequences of the novel coronavirus (COVID-19) and limit its spread, and enhance the confidence in the GCC states' economies, and achieve financial sustainability.