The Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohammed Al-Budaiwi, stated that the region’s economies have shown notable resilience in the face of global economic disruptions, despite prevailing international challenges.
He highlighted that the strength of non-oil sectors, fuelled by structural reforms and sustained domestic demand, has been central to driving growth throughout the Gulf.
Al-Budaiwi delivered these remarks during the joint session of GCC finance ministers and central bank governors with International Monetary Fund Managing Director Kristalina Georgieva, convened today in Kuwait.
He underscored that the regional economic outlook remains optimistic, supported by ongoing reforms, the expansion of natural gas output, reduced reliance on oil revenues, and stable inflation levels.
