Qatar resisting sanctions effectively -IMF official

Reuters, Aug 31, 2017
by Reuters Staff

DUBAI, Aug 30 (Reuters) - Qatar’s government has acted effectively in protecting the economy against sanctions imposed by other Arab countries, an International Monetary Fund official said on Wednesday after leading an IMF team on a week-long visit to Doha.

“The impact on banks’ balance sheets was mitigated by liquidity injections by the Qatar central bank and increased public sector deposits,” Mohammed El Qorchi said in a statement.

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