Saudi Arabia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2011/292, IMF Staff Country Reports from International Monetary Fund

Abstract: Over the last few decades, the economy of Saudi Arabia has strengthened, as oil prices increased with the rebound in global economic activity. Despite this, vulnerabilities to a sustained decline in the oil price have increased. Executive Directors have commended the authorities for their continued stabilizing role in the oil markets. They have encouraged in creating more job opportunities for nationals and improving access to housing finance. They have encouraged the central bank to continue in strengthening the regulatory and supervisory framework.

Keywords: ISCR; CR; exchange rate; U.S. dollar; private sector activity; labor market; private sector; broad money growth; oil price; monetary policy rate; fiscal policy; oil sector; housing needs; Oil prices; Housing; Oil; Inflation; Global; Middle East (search for similar items in EconPapers)
Pages: 46
Date: 2011-09-21
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