IMF report affirms Saudi solid financial stance, fiscal transparency: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan

Saudi Minister of Finance Mohammed Al-Jadaan welcomed the International Monetary Fund’s (IMF) praise of the reforms taking place in the Saudi economy and the Kingdom’s continuing efforts to implement economic and financial reforms.

He particularly noted the fund's reference to the Kingdom's solid financial position, the progress achieved in terms of fiscal transparency, as well as the monetary policies and reforms undertaken to support financial policy and mitigate risks.

The report highlighted the current indicators and positive future prospects for the Saudi economy, along with the continued progress in implementing the Saudi Vision 2030 reform agenda and economic transformation.

The minister pointed to the Saudi economy’s success in overcoming the challenges and maintaining financial sustainability, which contributed to enhancing its resilience and strength. Thanks to the prominent role of the economic and structural reforms undertaken by the government, the Kingdom managed to achieve sustainable and comprehensive economic growth, he added.

Earlier today, Sept.6, the IMF issued its latest assessment report, upon concluding the 2023 Article IV consultation [1] with Saudi Arabia, which reinforced the results marked in the fund’s previous statement.