Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

SAUDI ARABIA

Saudi Economy Reaps Rewards Of Structural Reform, High Oil Revenues, Says IMF

Saudi Arabias economy has been buoyant in 2004-05, reaping the rewards of high oil revenues and the structural reforms implemented since 1999, the IMF said following the conclusion of Article IV consultations with the kingdom. In its 5 December report, the IMF said that reforms and sound macroeconomic management have helped to strengthen the...