IMF calls for Mideast sovereign wealth funds to boost local economies

DUBAI (Reuters) - Sovereign wealth funds in the Middle East should be used to boost growth, an International Monetary Fund (IMF) official said on Monday, as regional economies struggle with the coronavirus pandemic and the crippling impact of lower oil prices.Oil exporters in the Middle East and North Africa (MENA) region are expected to see a yearly decline in oil export receipts this year of $226 billion (182.21 billion pounds), according to the IMF.This is likely to weigh on their budgets,..