Saudi Arabia to expand economy and finance

The Governor of the Saudi Central Bank (SAMA), Ayman bin Muhammad Al Saiyari, spoke about the resilience of the Saudi economy amidst regional conflicts, supported by sound fiscal policies and strong safeguards. He emphasized that Saudi Arabia's Vision 2030 will continue to diversify the economy, strengthen financial markets, and promote sustainable development. He also pointed out that conflicts in the Middle East harm the global economy and stressed the importance of monetary and fiscal policies in maintaining financial stability. Additionally, he highlighted the active role of the International Monetary Fund in supporting countries. The Kingdom also welcomed the extension of the presidency of the International Monetary Fund's Committee to foster dialogue and reforms in governance structures.

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