...

IMF says Saudi reforms going well, urges government not to boost spending as oil rises

Arab World Materials 23 May 2018 09:50 (UTC +04:00)
Saudi Arabia’s economic reforms are going well, the International Monetary Fund said after annual consultations with authorities
IMF says Saudi reforms going well, urges government not to boost spending as oil rises

Saudi Arabia’s economic reforms are going well, the International Monetary Fund said after annual consultations with authorities, urging the government not to boost spending in line with climbing oil prices, Reuters reports.

“Saudi Arabia is making good progress in implementing its ambitious reform program under Vision 2030,” Tim Callen, head of an IMF team which held 12 days of talks with Saudi officials this month, said in a statement late on Tuesday.

Tags:
Latest

Latest