Saudi Arabia says it would take strict economic measures to deal with the impact
Lebanon signed a request for aid from the International Monetary Fund
Countries across the Middle East face tough economic challenges as businesses across the region, the economy crippled by the coronavirus pandemic that has halted growth.
The economic challenges of the coronavirus pandemic are great and neither Saudi Arabia nor the world will be the same when it is over, the Kingdom’s Finance Minister Mohammed Al-Jadaan said on Saturday.
Saudi Arabia would take strict and painful measures to deal with the impact, and “all options for dealing with the crisis are open,” the minister said in an interview with Al-Arabiya TV.
Meanwhile, the Jordan Enterprise Development Corporation announced two programs to support local small and medium industrial enterprises amid the coronavirus outbreak that has affected the Jordanian economy, state-run Jordan News Agency reported.
Lebanese Prime Minister Hassan Diab and Finance Minister Ghazi Wazni also signed a request for aid from the International Monetary Fund earlier this week. The request for IMF aid comes as thousands of people lose their jobs and key sectors buckle under the double-whammy of a worsening economic situation and the virus pandemic.
(ARABNEWS)
