Saudi Arabia appoints advisers on green debt issuance | Reuters
Saudi Arabia has appointed financial advisers for a planned green debt issuance but has yet to decide on the format, Finance Minister Mohammed al-Jadaan said on Sunday.
He told Reuters that Saudi Arabia's economy was recovering well from the COVID-19 pandemic and expected the non-oil economy to grow between 4.7%-5% this year, with overall GDP growth seen at 2.8%. He forecast non-oil GDP growth of around 5% in 2022.
Authorities have no plans for now to adjust value-added tax, he said, after tripling it last year to 15% to offset the impact of lower oil revenue on state finances. read more
Speaking from Rome, where he attended a summit of the Group of 20 major economies, Jadaan said the kingdom, the world's top oil exporter, was working towards a sustainable economy, revenues and energy sources.
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