March 28, 2023

Geeta Gopinath, First Deputy Managing Director of the Monetary Fund, stressed the importance of the Fund’s partnership with Saudi Arabia, given the Kingdom’s role in supporting some countries suffering from financial difficulties and its important role in energy markets.

Gopinath said in an interview with Al Arabiya that the Saudi economy has recovered strongly from a slight downturn in 2020, given that rising oil and gas prices have been in favor of the Saudi economy.

The Chief Economist of the International Monetary Fund added: “The performance of the Saudi economy has been very good and the growth over the last year has reached 8.7% and this is a very strong growth and also the financial position was good and the Kingdom has a lot of returns, which makes it unique. position compared to other countries of the “other world”.


She attributed the close work with Saudi Arabia to many reasons, including the fact that the Kingdom is an important partner of the Fund in the region, pointing out that “there are a number of countries that are experiencing difficulties, and Saudi Arabia is a big financier for these countries, and it works in coordination with the International Fund to ensure that these countries benefit from funding.” To carry out reforms and stimulate growth in these countries, and this is a very important role.”

She also stressed that Saudi Arabia plays an important role in the energy sector, a sector that will remain in a sensitive situation for the global economy for a long time to come.

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