GCC fi­nance min­is­ters meet IMF chief to­day

Hous­ing min­is­ters com­mit­tee kicks off

Kuwait Times - - LOCAL -

The Arab Gulf Co­op­er­a­tion Coun­cil (GCC) Fi­nance Min­is­ters and Gov­er­nors of Cen­tral Banks will hold their an­nual meet­ing with the Man­ag­ing Di­rec­tor of the In­ter­na­tional Mon­e­tary Fund (IMF) Chris­tine Lagarde to­day. The meet­ing will tackle re­gional and in­ter­na­tional eco­nomic is­sues, the GCC Gen­eral Sec­re­tar­iat said in a state­ment yes­ter­day.

Sep­a­rately, the 15th GCC Hous­ing Min­is­ters com­mit­tee kicked off yes­ter­day with a par­tic­i­pa­tion from Kuwait Hous­ing Min­is­ter Yasser Abul. In his speech at the meet­ing, Saudi Hous­ing Min­is­ter Ma­jed Al-Ho­gail stressed the im­por­tance of col­lab­o­ra­tion among the GCC states to over­come the im­pact of global eco­nomic cri­sis on Hous­ing projects in the Gulf re­gion. He added that this col­lab­o­ra­tion should be in the form of hold­ing work­shops and ex­chang­ing ex­per­tise to come up with a uni­fied vi­sion to help in the sec­tor’s de­vel­op­ment.

Speak­ing the meet­ing, the Kuwaiti min­is­ter said that he gave the con­fer­ees a brief­ing on Kuwait’s unique hous­ing ex­pe­ri­ence of set­ting up an apart­men­town­ers’ union for those who has been given government hous­ing units. He ex­pressed be­lief that such a move would surely pro­tect both the land­lord and the government.

The meet­ing an­nounced the launch of GCC hous­ing award for 2017 un­der the slo­gan “bet­ter hous­ing with bet­ter re­sources.” Yes­ter­day’s meet­ing dis­cussed pro­pos­als on the goals of sus­tain­able de­vel­op­ment 2020-2030 and the strate­gic plan for GCC joint co­op­er­a­tion in the field of hous­ing. — KUNA

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