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Cameramen film Saudi King Salman, center, as he chairs the 40th Gulf Cooperation Council (GCC) Summit in Riyadh, Saudi Arabia, Tuesday, Dec. 10, 2019.

AP Photo/Amr Nabil

Policy Brief

A Proposal for a Stability Mechanism for the Gulf Cooperation Countries

| December 2020

A stability mechanism for the Gulf Cooperation Council would be aimed at institutionalizing solidarity and fiscal discipline among members. The Gulf Cooperation Council Stability Mechanism would issue some special obligations and lend the proceeds at low rates to its members, requiring them to undertake economic reforms in return.