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Saudi Arabia: Economic Outlook and Policy Challenges

202-785-1141 ext. 202 The International Monetary Fund (IMF) has just released its July 2021 Article IV Consultation. This webinar will address the report in the context of the impact of the Covid-19 pandemic on the Saudi economy and assess the government s policy response. With lasting effects from the pandemic and lower oil prices through early 2021, fiscal pressure increased and heightened the pace of some economic reform. As the non-oil economy begins to recover, the Saudi government is faced with immediate policy challenges and the longer-term challenge of diversification away from oil reliance.    What fiscal policy challenges has the volatility in the oil market created? How well are reforms meeting the need to generate more jobs for Saudi nationals in the private sector? How has the trajectory of foreign direct investment flows impacted the transformation of the Saudi economy?

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