Browse

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines »

Source: Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

ISBN: 9781513530062

Keywords: International monetary system, Forward commitment capacity, Central banks, Monetary authorities, Credit, NAB, PP, general review, IMFC, executive board

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate siz...

The Future of Oil and Fiscal Sustainability in the GCC Region »

Source: The Future of Oil and Fiscal Sustainability in the GCC Region

Volume/Issue: 2020/1

Series: Departmental Papers / Policy Papers

Author(s): Tokhir Mirzoev , Ling Zhu , Yang Yang , Tian Zhang , Erik Roos , Andrea Pescatori , and Akito Matsumoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2020

ISBN: 9781513525907

Keywords: Fiscal policy, Oil exporting countries, Gulf Cooperation Council (GCC), Oil prices, Oil revenues, Supply and demand, Producer prices, Public financial management, Oil-exporting countries, DPPP

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away fro...

U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter? »

Source: U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter?

Volume/Issue: 2019/304

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Erik Roos , Sohaib Shahid , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513519357

Keywords: Bank rates, Market interest rates, Real interest rates, Discount rates, Interest rates on loans, Growth, Gulf Corporation Council, Spillovers, U.S. Monetary Policy, WP

This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which o...

How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries? »

Source: How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries?

Volume/Issue: 2019/268

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Yacoub Alatrash , and Divya Kirti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2019

ISBN: 9781513519319

Keywords: Central banking and monetary issues, Interest rates on loans, Bank liquidity, Market interest rates, Banking systems, Banks, Gulf Corporation, U.S. Monetary Policy, Competition, WP

Given their pegged exchange rate regimes, Gulf Cooperation Council (GCC) countries usually adjust their policy rates to match shifting U.S. monetary policy. This raises the important question of how changes in U.S....

Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK »

Source: Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK

Volume/Issue: 2019/214

Series: IMF Working Papers

Author(s): Samya Beidas-Strom , and Marco Lorusso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781498320504

Keywords: External sector, Fiscal sector, Supply and demand, Oil consumption, Real effective exchange rates, DSGE model, Economic diversi?cation, Shocks and commodity exporters, Bayesian estimation, Fiscal policy

We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary secto...

IMF Executive Board Concludes 2019 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Saudi Arabia »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2019/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513485

Keywords: Real sector, Economic reforms, Tax revenue, Economic growth, Economic analysis, ISCR, CR, non-oil, Saudi economy, priority sector

This Selected Issues paper on Saudi Arabia analyses policies to drive diversification for the country. Diversification is needed to create jobs for Saudis and to mitigate the impact of uncertainty in oil markets. W...

Saudi Arabia: 2019 Article IV Consultation-Press Release; and Staff Report »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

Language: Arabic

ISBN: 9781513513591

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

Reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals rema...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2019/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

Language: Arabic

ISBN: 9781513513638

Keywords: Real sector, Economic reforms, Tax revenue, Economic growth, Economic analysis, ISCR, CR, non-oil, Saudi economy, priority sector

Selected Issues...

Saudi Arabia: Staff Report For The 2019 Article IV Consultation »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Saudi Arabia: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB »

Source: Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB

Volume/Issue: 2019/52

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Yilin Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2019

ISBN: 9781498302562

Keywords: Central banks, Capital account convertibility, Central bank aggregates, Investment policy, Monetary authorities, currency composition, FX reserves, portfolio theory, RMB, numeraire

The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches-liquidity tranche and investment tranche-especially for thos...

Saudi's Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis »

Source: Saudi's Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis

Volume/Issue: 2018/278

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Sohaib Shahid , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2018

ISBN: 9781484388792

Keywords: Saudi Arabia, Middle East, Growth, Gulf Corporation Council, Spillovers, Financial Markets and the Macroeconomy, Country and Industry Studies of Trade, Trade Forecasting and Simulation, International Policy Coordination and Transmission

This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to othe...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : Trade and Foreign Investment-Keys to Diversification and Growth in the GCC

Volume/Issue: 2018/058

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

ISBN: 9781498310307

Keywords: Economic integration, Investment policy, Economic growth, Global competitiveness, Comparative advantage, GCC country, non-oil, FDI, FDI inflow, GCC

"Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth...

Gulf Cooperation Council Countries (GCC) »

Source: Gulf Cooperation Council Countries (GCC) : How Developed and Inclusive are Financial Systems in the GCC?

Volume/Issue: 2018/057

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

ISBN: 9781498310284

Keywords: Economic integration, Financial sector development, External sector, Market economies, Economic growth, financial development, GCC country, SMEs, GCC, debt market

"Financial systems in the GCC have developed significantly over the last couple of decades, but there appears to be further room for progress. The development of bank and equity markets has been supported by a comb...

IMF Executive Board Concludes 2018 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: 2018 Article IV Consultation—Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: 2018 Article IV Consultation—Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: 2018 Article IV Consultation-Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

Language: Arabic

ISBN: 9781484374344

Reform momentum remains strong under Vision 2030. New reform initiatives are being rolled-out under the Vision Realization Programs (VRPs). Oil prices have risen over the past year and are positively affecting fisc...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper looks at the potential role that fiscal rules could play in strengthening fiscal management in Saudi Arabia. The implementation of fiscal policy in Saudi Arabia is undergoing significant...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper looks at the potential role that fiscal rules could play in strengthening fiscal management in Saudi Arabia. The implementation of fiscal policy in Saudi Arabia is undergoing significant...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper looks at the potential role that fiscal rules could play in strengthening fiscal management in Saudi Arabia. The implementation of fiscal policy in Saudi Arabia is undergoing significant...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

Language: Arabic

ISBN: 9781484374481

Selected Issues...

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models »

Source: Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Volume/Issue: 2018/98

Series: IMF Working Papers

Author(s): Nidhaleddine Ben Cheikh , Sami Ben Naceur , Oussama Kanaan , and Christophe Rault

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

ISBN: 9781484353622

Keywords: Qatar, Saudi Arabia, Middle East, Oil prices, Oman, Bahrain, Kuwait, United Arab Emirates, Yemen, Republic of, GCC stock markets

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results r...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

General Arrangements to Borrow »

Source: General Arrangements to Borrow

Volume/Issue: 2017/071

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 December 2017

ISBN: 9781498346108

Keywords: Central banks, Credit, Borrowing, Special Drawing Rights, gab, stand agreement, renewal, washington-based, quota

This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision. By way of backg...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : The Economic Outlook and Policy Challenges in the GCC Countries

Volume/Issue: 2017/066

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346191

Keywords: Economic policy, Real sector, Economic cooperation, Economic conditions, Financial soundness indicators, GCC country, non-oil, GCC, oil price, low oil price

Global economic activity is gaining momentum. Global growth is forecast at 3.6 percent this year, and 3.7 percent in 2018, compared to 3.2 percent in 2016. Risks around this forecast are broadly balanced in the nea...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : Strengthening Liquidity Management Frameworks in Support of Stability and Growth in the GCC

Volume/Issue: 2017/064

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346207

Keywords: Central banks, Central bank operations, Financial crises, Central bank capital, Financial markets, interbank, GCC country, GCC, excess reserve, reserve requirement

Effective liquidity management is important to promote macro-financial stability in the GCC countries. Fixed exchange rate regimes provide credible nominal anchors in the GCC countries, but combined with open capit...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : How Can Growth-Friendlier Expenditure-Based Fiscal Adjustment be Achieved in the GCC?

Volume/Issue: 2017/065

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346214

Keywords: Economic policy, Economic conditions, Economic theory, Economic reforms, Public financial management, GCC country, non-oil, GCC, capital spend, intergenerational equity

growth in expenditure, GCC governments have started to implement significant fiscal consolidation measures, but more needs to be done. Rapid population growth and booming oil revenues led to large increases in gove...

IMF Executive Board Concludes 2017 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323175

Keywords: Article IV consultation reports, Fiscal policy, Oil prices, Fiscal consolidation, Labor market reforms, Bank supervision, Currency pegs, Economic indicators, Balance of payments statistics, Press releases

This 2017 Article IV Consultation highlights Saudi Arabia's launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of...

Saudi Arabia »

Source: Saudi Arabia : Financial System Stability Assessment

Volume/Issue: 2017/318

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323458

Keywords: Financial system stability assessment, Financial sector, Banking systems, Liquidity management, Financial stability, Macroprudential Policy, Bank supervision, Financial safety nets, Anti-money laundering, Combating the financing of terrorism

This paper assesses the stability of Saudi Arabia's financial system as a whole. Banks-the core of the Saudi financial system-remain liquid and resilient. Stress tests show that most banks, including all systemical...

Saudi Arabia: 2017 Article IV Consultation—Press Release; and Staff Report »

Source: Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323175

Keywords: Article IV consultation reports, Fiscal policy, Oil prices, Fiscal consolidation, Labor market reforms, Bank supervision, Currency pegs, Economic indicators, Balance of payments statistics, Press releases

This 2017 Article IV Consultation highlights Saudi Arabia's launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2017/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323243

Keywords: Fiscal policy, Fiscal reforms, Oil prices, Inflation, Selected issues, Saudi Arabia

This Selected Issues paper looks at the appropriate scope and pace of fiscal adjustment in Saudi Arabia. The economy of Saudi Arabia has started to feel the impact of the fiscal adjustment. The fiscal space analysi...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2017/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323243

Keywords: Fiscal policy, Fiscal reforms, Oil prices, Inflation, Selected issues, Saudi Arabia

This Selected Issues paper looks at the appropriate scope and pace of fiscal adjustment in Saudi Arabia. The economy of Saudi Arabia has started to feel the impact of the fiscal adjustment. The fiscal space analysi...

Saudi Arabia: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323175

Keywords: Article IV consultation reports, Fiscal policy, Oil prices, Fiscal consolidation, Labor market reforms, Bank supervision, Currency pegs, Economic indicators, Balance of payments statistics, Press releases

This 2017 Article IV Consultation highlights Saudi Arabia's launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of...

Multi-Country Report »

Source: Multi-Country Report : Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report

Volume/Issue: 2017/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2017

ISBN: 9781484302996

Keywords: Asia and Pacific, Bahrain, Djibouti, Europe, Indonesia, Kenya, Kuwait, Malaysia, Middle East, Nigeria

This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can...

If Not Now, When? Energy Price Reform in Arab Countries; April 2017 Rabat, Morocco »

Source: If Not Now, When? Energy Price Reform in Arab Countries; April 2017 Rabat, Morocco

Volume/Issue: 2017/030

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2017

ISBN: 9781498346733

Keywords: Social safety nets, Economic conditions, Oil prices, Purchasing power, Price controls, oil importer, energy price, reference price, energy subsidy, price gap

Regulating energy prices has been a common practice around the world. The objective is, generally, to facilitate access to energy products, which are central to people's well-being and countries' economic developme...

Ensuring Financial Stability in Countries with Islamic Banking »

Source: Ensuring Financial Stability in Countries with Islamic Banking

Volume/Issue: 2017/007

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2017

ISBN: 9781498347099

Keywords: Financial regulation and supervision, Financial crises, Financial instruments, Financial markets, Financial institutions, conventional bank, IAH, IFSB, Murabahah, PSIA

...

What Influences Bank Lending in Saudi Arabia? »

Source: What Influences Bank Lending in Saudi Arabia?

Volume/Issue: 2017/31

Series: IMF Working Papers

Author(s): Ken Miyajima

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2017

ISBN: 9781475578669

Keywords: Panel analysis, Econometric models, Time series, Saudi Arabia, Loans, Middle East, Bank credit, Banks, Credit expansion, macro-financial linkages

Determinants of bank-level credit growth in Saudi Arabia are investigated by applying a panel approach to data spanning 2000-15. Strong bank balance sheet conditions, economic activity, and oil prices support bank...

IMF Executive Board Concludes 2016 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Volume/Issue: 2016/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475539523

Keywords: Article IV consultation reports, Economic growth, Oil prices, Fiscal policy, Fiscal consolidation, Privatization, Corporate sector, Fiscal reforms, Labor market reforms, Banking sector

This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases. Inflation ha...

Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex »

Source: Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Volume/Issue: 2016/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

Language: Arabic

ISBN: 9781475544381

Saudi Arabia has begun a fundamental policy shift to respond to low oil prices. The government has introduced a series of reforms over the past year and has recently set out plans for a bold and ambitious transform...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2016/327

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

Language: Arabic

ISBN: 9781475544589

Saudi Arabia: Selected Issues...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2016/327

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475544275

Keywords: Budget deficits, Deficit financing, Economic growth, Oil prices, Government expenditures, Fiscal consolidation, Privatization, Public-private sector cooperation, Selected Issues Papers, Saudi Arabia

This Selected Issues paper discusses the options for financing the government fiscal deficit in Saudi Arabia. The Saudi government is working to develop a comprehensive strategy to meet its budget financing needs....

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2016/327

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475544275

Keywords: Budget deficits, Deficit financing, Economic growth, Oil prices, Government expenditures, Fiscal consolidation, Privatization, Public-private sector cooperation, Selected Issues Papers, Saudi Arabia

This Selected Issues paper discusses the options for financing the government fiscal deficit in Saudi Arabia. The Saudi government is working to develop a comprehensive strategy to meet its budget financing needs....

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2016/327

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475544275

Keywords: Budget deficits, Deficit financing, Economic growth, Oil prices, Government expenditures, Fiscal consolidation, Privatization, Public-private sector cooperation, Selected Issues Papers, Saudi Arabia

This Selected Issues paper discusses the options for financing the government fiscal deficit in Saudi Arabia. The Saudi government is working to develop a comprehensive strategy to meet its budget financing needs....

Saudi Arabia: Staff Report for the 2016 Article IV Consultation »

Source: Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Volume/Issue: 2016/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475539523

Keywords: Article IV consultation reports, Economic growth, Oil prices, Fiscal policy, Fiscal consolidation, Privatization, Corporate sector, Fiscal reforms, Labor market reforms, Banking sector

This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases. Inflation ha...

Saudi Arabia: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: Saudi Arabia : 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Volume/Issue: 2016/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 October 2016

ISBN: 9781475539523

Keywords: Article IV consultation reports, Economic growth, Oil prices, Fiscal policy, Fiscal consolidation, Privatization, Corporate sector, Fiscal reforms, Labor market reforms, Banking sector

This 2016 Article IV Consultation highlights that real GDP growth in Saudi Arabia is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases. Inflation ha...

The Impact of Oil Prices on the Banking System in the GCC »

Source: The Impact of Oil Prices on the Banking System in the GCC

Volume/Issue: 2016/161

Series: IMF Working Papers

Author(s): Padamja Khandelwal , Ken Miyajima , and Andre Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2016

ISBN: 9781475523393

Keywords: Macro-financial linkages, nonperforming loans, panel vector autoregression

This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression appr...