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Saudi Minister of Finance meets IMF representative

 Riyadh 10th May 2001

  The Minister of Finance and National Economy Dr. Ibrahim bin Abdul Aziz Al-Assaf met here today the visiting Director General of International Monetary Fund (IMF) Hurst Kohler. The meeting was attended by the Governor of the Saudi Arabian Monetary Agency (Sama) Hamad Al-Sayyari and other officials.

During the meeting, Dr. Al-Assaf praised the Fund's approach in focuing on overall economic stability in support of worldwide growth. He noted that economic growth rate in the Kingdom reached 21.3 per cent in 2000 as a result of oil price stability, economic reforms adopted to enhance growth and the role of private sector.

For his part, Kohler thanked Dr. Al-Assaf for his support of the Fund's attitudes. He emphasized the importance of relations between the Kingdom and the Fund and his keenness on consulting Saudi officials pertaining to world and regional economic situation. The Director General of the Fund praised plans and programs announced by the Kingdom for economic reform.

He expressed the Fund's support for these reforms which, he said, would have a concrete positive impact on economic growth rates locally and regionally due to the 'sizeable Saudi economy’.

Source: SPA©

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