IMF stresses strong of Saudi economy
International of Monetary Fund (IMF)
Riyadh - SPA
The International of Monetary Fund (IMF) stressed that the Kingdom of Saudi Arabia’s economy has grown very strongly in recent years, benefitting from high oil prices and output, strong private sector activity, and government spending.
In 2014 Article IV Consultation-Staff Report issued recently, the IMF has confirmed that the Kingdom has played a systemic and stabilizing role in the global oil market.
The report also lauded the Kingdom's role in supporting the Middle East's economy and Asian countries through generous financial aid and big transfers of expatriate workers in the Kingdom.
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