U.K. Prime Minister Gordon Brown called on Saudi Arabia and other oil-producing Gulf states to scale up the funding of the International Monetary Fund to enable the global lender to rescue countries affected by the financial turmoil. “The Saudis, I think, will contribute so we can have a bigger fund worldwide,” Brown told the press in Riyadh. “The oil producing countries, who have generated over USD1 trillion from higher oil prices in recent years, are in a position to contribute.” The British leader is currently on a tour of the Gulf to appeal funds for IMF and discuss oil prices. (“TOPWRAP 4-Brown seeks IMF cash from Saudis, other Gulf states” - Thomson Reuters, Nov. 2, 2008)
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
