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Home : News : Finance and Economy : 2006
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IMF warns UAE on inflation

  • United Arab Emirates: Monday, June 05 - 2006 at 11:26

The Director of the IMF's Middle East and Central Asia Department has warned the UAE that the inflation rate in the country is now at a critical level and the government must control spending in order to rein it in. Mohsin Khan told Gulf News that the UAE government needed to decide how much liquidity was needed in the economy and invest cash surpluses abroad in order to ease inflationary pressure.

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Jonathan Sheikh-MillerJonathan Sheikh-Miller, Deputy Editor
Monday, June 05 - 2006 at 11:26 UAE local time (GMT+4)

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