KSA Business: IMF to set up regional office in Riyadh – Gulf Digital News

KSA Business: IMF to set up regional office in Riyadh – Gulf Digital News

International Monetary Fund (IMF) will set up a regional office in Riyadh. This will spearhead engagement with regional institutions, strengthen relationships with country authorities, and help expand the IMF’s capacity development activities, said IMF Managing Director Kristalina Georgieva.

At end of a two-day visit to Saudi Arabia, she congratulated the authorities on Saudi Arabia’s strong economic performance and impressive progress in implementing its Vision 2030 reform agenda, notably the doubling of the share of women in the labour force in just four years.

She said in a statement: “It has been a great pleasure to once again visit Riyadh to deepen the cooperation between the IMF and Saudi Arabia as well as the Gulf Cooperation Council (GCC), especially in responding to the global series of shocks, including food insecurity.

“I congratulated the authorities on Saudi Arabia’s strong economic performance and impressive progress in implementing their Vision 2030 reform agenda, notably the doubling of the share of women in the labor force in just four years. Maintaining the reform momentum to further diversify the economy will be pivotal for longer-term prosperity. This was an area of strong agreement echoed in my meetings with Minister of Energy Prince Abdulaziz bin Salman, Minister of Finance Mohammed