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Monday, 24 July 2017

Assessing the IMF findings on Saudi Arabia | Arab News

Assessing the IMF findings on Saudi Arabia | Arab News:

"The International Monetary Fund (IMF) has just given the Saudi Arabian economy its annual road test, and it does more than just glance under the bonnet and kick the tires. Its Article IV Consultation report is based on a visit to the country by a team of top IMF experts, experts in Middle East economics, and meetings with top financial and economic policymakers, followed by a written report which is discussed by the full IMF team of 30 or so executive directors in Washington. The result is as accurate and independent a snapshot of the roadworthiness of a country’s economy as it is possible to produce. In essence the 2017 report just produced finds the Saudi engine in good condition, benefiting from the increased level servicing it is getting."

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