VOL. XLIII

No. 49

4-December-2000

SAUDI ARABIA

IMF Commends Saudi Fiscal Management But Calls For Accelerated Reform

The IMFs latest assessment of the Saudi Arabian economy the Staff Report for the 2000 Article IV Consultation of 14 September which was tentatively scheduled for discussion on 6 October praises the governments fiscal management and predicts that fiscal and external account deficits will turn into surpluses in 2000. It also hails the kingdoms defense of the exchange rate and the...