VOL. XXXIX

No. 7

13-November-1995

SAUDI ARABIA

IMF Report On Saudi Arabia Sees ImprovedBalanceOfPayments Although Budget Concerns Persist

TheInternationalMonetary Fund's (IMF) annual Article IV

report on the Saudi economy for 1995 paints a much more optimistic picture oftheKingdom'sbalanceofpayments'

prospectsuntil2000 than was the case in the Fund's 1994 report.It projects a narrowinginthecurrentaccount

deficit to 4% of GDP in 1995 from 8% in 1994 and a decrease...