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Saudis Set To Stick To Spending Discipline Regardless Of Oil Prices

Saudis Set To Stick To Spending Discipline Regardless Of Oil Prices
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Digital Transformation Enhances Productivity, Competitiveness in Saudi Arabia


Thursday, 15 April, 2021 - 06:15
Tim Callen, the International Monetary Fund’s Mission Chief to Saudi Arabia. (Asharq Al-Awsat)
Riyadh - Fatehelrahman Yousif
Tim Callen, the International Monetary Fund’s Mission Chief to Saudi Arabia, said that the Saudi economy has made a major stride towards digital transformation, emphasizing the importance of cooperation between the Kingdom and the IMF.
In an interview with Asharq Al-Awsat, Callen said the Fund maintained contact with the Saudi authorities about domestic economic policies, stressing that the Kingdom was an important member of the IMF and contributed significantly to discussions and policies within the institution.
According to the latest IMF forecast, which was recently published in the World Economic Outlook, the global economy would grow by 6 percent and the Saudi economy by 2.9 percent during 2021, Callen told Asharq Al-Awsat. ....

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