Source: Gulfnews.com

By Babu Das Augustine, Banking Editor

Dubai: The current oil driven economic boom in the Gulf coincides with the economic liberalisation and privatisation that has resulted in the private sector setting the agenda for the region's future growth, a top International Monetary Fund official told Gulf News.

"The growing involvement of the private sector in economic activities has created cost efficiency in most new enterprises. The public-private partnership is working perfectly well in places like Dubai and gone are the days of inefficient public undertakings gobbling up resources," said Mohsin S. Khan, IMF Director for the Middle East and Central Asia.

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Posted by pichu at May 14, 2007 8:19 AM