[DIPLOMACY] Meeting with Qatar-Bahrain officials over QNB

DIPLOMACY

The Qatar National Bank is on the brink of collapse. With more conflict hitting the rest of the GCC, it is time for a unified response. First we want to tackle this issue of the bank, because any plans after will be in vain should it collapse. The GCC Central Bank is Riyadh is willing to make a full bailout of the bank, costs of which will be shouldered by the Kingdom. We will incur this dept to save the rest of the GCC from its effects and because we feel responsible for not acting to counter it sooner. We hope to negotiate the bailout with the QNB as soon as possible, and work together on future reforms to ensure this does not happen again. The Central Bank will be looking to simplify its system in dealing with the many GCC national banks and to streamline our regulations.

Posted May 29, 2016, 7:46 PM UTC · edited

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