High youth unemployment and a lack of affordable housing are the biggest challenges for Saudi Arabia, the IMF says. But the kingdom has the fiscal power to meet the social priorities.
"Over the last few decades, Saudi Arabia has achieved substantial gains in social development indicators which are now close to G20 averages," the executive board of the IMF wrote in a report released on Tuesday.
"Important challenges still remain, particularly the high level of youth unemployment for nationals and pressures in the housing market."
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