Saudi Arabia's high economic growth rate is having a positive impact on the global economy as a whole. This was stated by Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Wednesday, speaking at the World Economic Forum (WEF) in Davos.
Georgieva stressed that the kingdom has made significant progress "in the difficult economic conditions the world is experiencing." "We are impressed by the way the "Vision 2030" program is being implemented. We expect high growth in Saudi Arabia because it is important for the world economy as a whole," the IMF chief said. She also pointed to the Kingdom's important role in "ensuring energy security."
The "Vision 2030" national program was adopted by Riyadh in 2016 amid a sharp decline in global oil prices. One of the main goals of the strategy is to diversify the national economy and develop non-resource sectors.
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Based on materials from TASS