On July 20th, the Executive Board of the International Monetary Fund concluded the consideration of the Article IV Consultations of Saudi Arabia. Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.
The authorities have consented to publication of the staff report and the related press release and it is expected that these will be posted on the website on September 6, 2023.
The last Article IV Executive Board Consultation was on July 20, 2023. Listed below are items related to Saudi Arabia.
Country News
Image of financial district in Riyadh, Saudi Arabia.
Saudi Arabia's Economy Grows as it Diversifies
At a Glance
- 2023 Projected Real GDP (% Change) : 0.8
- 2023 Projected Consumer Prices (% Change): 2.5
- Country Population: 32.819 million
- Date of Membership: August 26, 1957
- Article IV/Country Report: September 6, 2023
- Special Drawing Rights (SDR): 15588.65 million
- Quota (SDR): 9992.6 million