Global Economy, March, 2009
Sunday, March 1, 2009
The Oil-Producing Gulf States, the IMF and the International Financial Crisis
CIGI Policy Brief #13
This policy brief outlines the reasons for their reluctance to contribute to IMF liquidity, noting that the Gulf states increasingly are looking inward to deal not only with their own economic difficulties in the light of the recent collapse of oil prices but also with demands of a rising class of educated middle-class citizens for more scrutiny of traditional petrodollar recycling policies.