NO. 23


Financial and Banking News

Financial Policy

Impact of Saudi Political Reforms on Financial System Will BeLimited

From a financial point of view, the most significant element in thepolitical reform package announced on 1 March by King Fahd ibn 'Abd al-'Aziz ofSaudi Arabia (for details see C section) will be the ability of the ConsultativeCouncil to discuss the budget. The council will not have the power to reject oramend it, but its power to question should result in...