August 2009

August 20, 2009

The distribution of 250,000 free books, provided with the support of Crown Prince Sultan bin Abdulaziz, began in Sanaa today. The books were given as a gift from the Kingdom to Yemeni universities, public libraries and military units. At the launching ceremony, Yemeni Minister of Higher Education and Scientific Research Dr. Salih Basorah hailed Saudi support for culture in Yemen and expressed his thanks to Crown Prince Sultan.

August 19, 2009

The International Monetary Fund (IMF) applauded Saudi Arabia’s fiscal policies and characterized its economic outlook as “broadly positive” in a new report assessing the Kingdom’s economic conditions. In its Article IV Consultation Report, concluded July 13, 2009, the IMF Executive Board found that, “Saudi Arabia confronts the current global crisis from a position of strength, reflecting a track record of prudent macroeconomic policies and structural reforms that have enhanced the economy’s resilience.”

August 18, 2009

(WASHINGTON, DC) – The International Monetary Fund (IMF) today praised the strength of the Saudi economy in a public information notice, which also highlighted the Kingdom’s “leadership role in stabilizing world oil markets.” The IMF released the notice following its Executive Board’s Article IV consultation with the Kingdom which concluded on July 13, 2009.