TNT
Tishwash:
Saudi Arabia approves an agreement to open a regional office for the International Monetary Fund in Riyadh
Enhances the Fund’s presence and partnership with Arab institutions
The Saudi Council of Ministers, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, approved on Tuesday evening a headquarters agreement between the government of the Kingdom of Saudi Arabia and the International Monetary Fund to establish a regional office for the Fund in the city of Riyadh, according to the Saudi Press Agency, SPA.
The Saudi Ministry of Finance had signed an agreement with the International Monetary Fund regarding the establishment of a regional office for the Fund in the Kingdom.
The Director of the International Monetary Fund, Kristalina Georgieva, recently said, “Our new office in Riyadh works to strengthen our presence and partnerships with Arab institutions.”
This step reflects the Kingdom’s position as the largest economy in the region and one of the most prominent economies of the G20. link
Source: Dinar Recaps
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