VOL. XL

No. 48

1-December-1997

SAUDI ARABIA

IMF Sees Favorable Outlook For Saudi Arabia In 1997

As is evident from the table set out below, the economic and financial position ofSaudi Arabia exceeded expectations in 1996 and, according to the most recent Article IVReport on the Kingdom, dated 6 February 1997, "the outlook for 1997 appearsfavorable." (See tables on pages B4-B6.) Although the report is now about a year old- it is based on data for the first half of 1996 and on a visit to the...