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UK PM Brown makes direct plea to Saudis for financial aid to stop global financial contagion

Business Materials 2 November 2008 11:37 (UTC +04:00)

British Prime Minister Gordon Brown made a direct plea for Gulf states to contribute to the International Monetary Fund's reserves to bailout out struggling countries - promising that they would have a say

in any future new world economic order, the Associated Press reported.

Brown, who has drawn ire from some oil producing states for criticizing a recent decision by OPEC to cut production to lift prices, also told business leaders here that it was in everyone's interest to have a stable crude price.

Analysts have warned that Gulf states could be reluctant to bolster the funds of the IMF.

Kuwait's finance minister, Mostafa al-Shimali, told Al-Anbaa daily in comments published Sunday, Kuwait was prepared to listen to what Brown had to offer.

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