IMF Staff Country Reports

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

Publication Date:

September 21, 2011

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2011/292

Subject:

Commodities Expenditure Housing Inflation National accounts Oil Oil prices Prices

Notes:

Also Available in Arabic