Saudi Arabia and other GCC states should consider creating a regional bank for reconstruction and development to help to rebuild regional economies suffering upheaval and inequality, says the chief economist of the Dubai International Financial Centre (DIFC).
Dr Nasser Saidi said such an effort, modelled after the US-led Marshall Plan that rebuilt Europe after the Second World War, may be needed as Bahrain, Egypt, Tunisia, Libya and other nations struggle with an uncertain future due to political instability.
"One of the things we may need to put on our agenda is a 'King Abdullah Plan'," Dr Saiditold the Jeddah Economic Forum, suggesting the fund be named after the leader of the region's top economic power, Saudi Arabia.
No comments:
Post a Comment