Saudi central bank affirms economic resilience
Saudi Central Bank Governor Ayman Saeed Al-Sayari affirmed that the Saudi economy continues to demonstrate resilience despite the war in the Middle East, supported by prudent fiscal policies, substantial reserves, and the strength of the banking sector. He clarified during the International Monetary Fund meetings in Thailand that the conflict adversely affects global economic prospects, particularly in trade, inflation, and transportation, amid rising uncertainty. He also emphasized that Saudi Vision 2030 has played a vital role in strengthening the foundations of the Kingdom’s economy through diversifying income sources and increasing private sector participation, while continuing to develop financial markets and support sustainable and inclusive growth.
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