Saudi Arabia reviews number of economic and financial issues with IMF mission

Saudi Arabia reviews number of economic and financial issues with IMF mission

Saudi Arabian members of the economic and finance committees of Shura Council met on Thursday with the International Monetary Fund (IMF) mission led by Head of IMF Article IV Mission Tim Callen.

“The two sides reviewed a number of economic and financial issues and discussed a number of issues of mutual interest,” Saudi Press agency said.

The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.

The IMF’s primary purpose is to ensure the stability of the international monetary system, the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.