International Monetary Fund Director Kristalina Georgieva announced that the Saudi economy has achieved strong performance over the past few years and continues on the path of economic diversification.
“Saudi Arabia is expected to have a prudent approach to fiscal management in the coming years under the leadership of Minister Mohammed Al Jadaan, adopting a flexible approach to modify investment plans in line with changing circumstances,” he said in an exclusive interview with Al Arabiya Business during the AlUla Conference of Emerging Economies.
It added: “We see a high degree of wisdom in Saudi Arabia in assessing local performance in the light of global developments, and we support Saudi Arabia’s approach to adjusting investment plans in line with current developments.”
wise approach
Georgieva said the appointment of Minister Mohammed Al-Jadaan as head of the Ministry of Finance will ensure a prudent approach to financial management in the coming years.
Regarding the global economy, Kristalina Georgieva said uncertainty has become the new normal. This has led investors to look for safe assets such as gold.
He noted that as the world moves toward multipolarity, which will change the shape of the global monetary system, the dollar will continue to play a vital role, supported by the depth of the U.S. capital markets, economic strength and sustainable growth capacity.
IMF Managing Director Kristalina Georgieva announced that the Saudi economy has performed well over the past few years and continues on a path of economic diversification.
He said this in a special interview with Al Arabiya Business during the AlUla Emerging Economies Conference. “Saudi Arabia is expected to take a prudent approach in fiscal management in the coming years, led by Minister Mohammed Al Jadaan, and has adopted a flexible approach to adjust investment plans as the situation changes.”
He added: “We see a high degree of wisdom in Saudi Arabia’s assessment of local performance in light of global developments and support Saudi Arabia’s approach to adjusting investment plans in line with current developments.”
wise approach
Georgieva noted that the presence of Minister Mohammed Al-Jadaan at the helm of the Ministry of Finance will ensure a prudent approach to fiscal management in the coming years.
Regarding the global economy, Kristalina Georgieva said uncertainty has become the new normal, with investors seeking safe assets such as gold.
He noted that while the world is moving toward multipolarity, which will change the shape of the global monetary system, the dollar continues to play a central role, supported by the depth of the U.S. capital markets and the ability to sustain economic strength and growth.
