2001 News Story

Finance minsiter meets with visiting head of IMF

Minister of Finance and National Economy Dr. Ibrahim Al-Assaf met in Riyadh today with visiting head of the International Monetary Fund (IMF) Horst Kohler. During the meeting, which was attended by Governor of the Saudi Monetary Agency (SAMA) Hamad Al-Sayyari, Dr. Al-Assaf praised the IMF's approach to overall economic stability, and noted that the Kingdom's economic growth rate had reached 21.3 percent in 2000 as a result of oil price stability, appropriate economic reforms, and the role of the private sector.