CLEAN : IMF urges Gulf states to adapt to lower oil prices

The video discusses the continuation of a low oil price environment in 2016, leading to reduced revenues from oil exports and affecting economic activities. It highlights the expected drop in growth rates in GCC countries and the need for spending cuts and revenue measures. The importance of long-term measures, institutional capacity building, and setting ambitious objectives for economic transformation is emphasized.

What is the expected impact of the low oil price environment in 2016?

• Stability in oil export revenues

• Increase in oil export revenues

• Decrease in oil export revenues

• No impact on oil export revenues

How is the growth rate in the GCC expected to change in the current year?

• Increase to over 4%

• Increase to 5%

• Remain stable at 3%

• Drop to below 2%

What measures are suggested for the GCC to address economic challenges?

• Increase spending

• Cut back and adjust spending

• Focus solely on oil exports

• Ignore revenue generation

What is crucial for the successful implementation of economic measures?

• Building institutional capacity

• Reducing ambition

• Immediate results

• Ignoring frameworks

What is the key to achieving the objectives of economic transformation?

• Lack of ambition

• Ensuring institutional capacity

• Reducing economic activity

• Focusing only on short-term goals