Oil exporters will have to adjust to low oil prices – IMF’s Lagarde

Washington based International Monetary Fund’s (IMF) Chief Christine Lagarde is on the wires now, speaking in Abu Dhabi.

Key Quotes:

Oil exporters will have to adjust to low oil prices

Need to adjust by reducing spending and increasing revenue

Confident that GCC (Gulf Co-operation Council) can make large fiscal adjustments as they've done in the past