16 Hrs
Source:
الاقتصادية
Saudi investments soften energy shock
Saudi Finance Minister and Chair of the IMF's International Monetary and Financial Committee, Mohammed Al-Jadaan, affirmed that the global economy still faces profound challenges despite its resilience. He pointed out that Saudi investments have helped mitigate the impacts of the global energy shock, which would have been more severe without these investments. He also noted that most Gulf countries have implemented structural reforms and built financial buffers to enhance their capacity to withstand economic shocks. However, he warned that rising public debt and government bond yields are increasing financial vulnerabilities and threaten global financial stability. In another context, IMF Managing Director Kristalina Georgieva stated that Iraq has submitted a request for an IMF financing program, expressing confidence that the IMF and Lebanon will reach an agreement to support the stability of their economies.
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