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

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  • 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.

Suggested Citation

  • International Monetary Fund, 2011. "Saudi Arabia: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion," IMF Staff Country Reports 2011/292, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/292
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