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International Monetary Fund chief Christine Lagarde
Saturday praised the Gulf countries for their good management of
prices of oil and reserve.
She added in the Saudi capital Riyadh that these oil exporting
countries were playing an important role in stabilizing the global
economy.
Lagarde was speaking after talks with finance ministers of the
six-nation Gulf Cooperation Council (GCC).
She predicted sustainable growth for the GCC countries, but at
"slightly reduced rates in the years to come."
Lagarde is currently visiting Saudi Arabia, which is the world's
top oil exporter.
Besides Saudi Arabia, the GCC comprises Bahrain, Kuwait, Oman,
Qatar and the United Arab Emirates.
