Thursday, 19 May 2016

Analysis: A non-specific Saudi statement of intent | The National

Analysis: A non-specific Saudi statement of intent | The National:

"The IMF has given Saudi Arabia’s reforms its seal of approval – while admitting that it doesn’t quite know exactly what they are.

Prince Mohammed bin Salman’s objectives are “bold and far-reaching". But we must await the “supporting policies [that will] set out how these goals will be achieved", the IMF says.

Mohammed Alyahya, a consultant and researcher at a Saudi think tank, writing in the Financial Times, argues that nit-picking through the specifics misses the point. “Visions are, by their very nature, idealistic and ambitious", he writes, while what is “more important even than the detail of this vis­ion is the team behind it", a rare illustration of meritocracy in the gerontocratic state.

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