January 11, 2010 / 6:45 PM / 11 years ago

IMF ends Dubai mission, says talks 'fruitful'

WASHINGTON, Jan 11 (Reuters) - The International National Monetary Fund ended its mission to Dubai on Monday, saying it held “fruitful’ talks with the authorities in the United Arab Emirates on the status of the economy and medium-term outlook.

“It will now prepare a staff report for an executive board discussion in a few weeks,” an IMF spokesperson said in a statement. The IMF’s visit to Dubai, a member of the UAE federation, was prompted by a debt crisis at state-owned Dubai World, which is to negotiate a standstill deal on $22 billion worth of debt with its creditors.

Reporting by Lesley Wroughton; Editing by Diane Craft

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