2006 News Story

SAMA Governor named to IMF committee

Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad Al-Sayari has been appointed to an International Monetary Fund (IMF) committee of eminent persons. The committee will provide the IMF with an independent view of the available options for ensuring that it has a sustainable and durable income base in order to finance its long-term running costs.

In a press release yesterday, IMF Managing Director Rodrigo de Rato said, “I am delighted to announce the appointment of this committee and to thank, on behalf of the Fund's membership, these eminent persons for agreeing to bring their experience, expertise and wisdom to this important issue for the international community.”

The other members of the committee are Andrew Crockett, President of JP Morgan Chase International, who will serve as chairman; Mohamed A. El-Erian, President and Chief Executive Officer of Harvard Management Company; Alan Greenspan, former Chairman of the Federal Reserve Board; Tito Mboweni, Governor of the Reserve Bank of South Africa; Guillermo Ortíz, Governor of the Bank of Mexico; Jean-Claude Trichet, President of the European Central Bank; and Zhou Xiaochuan, Governor of the People’s Bank of China.