International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security.
“Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.
“We look at high growth rates in Saudi Arabia as the world economy needs it,” she added.
Meanwhile, Saudi Finance Minister Mohammed al-Jadaan the Kingdom “saw inflation coming earlier than others anticipated.”
“We saw the signs in July 2021 and acted upon that successfully,” he added, revealing that inflation in Saudi Arabia is averaging 2.6%.
“The likelihood for next year is inflation will not be that high,” he stated.
“There is a lot of work being done to insulate the Saudi economy, but also help the global economy,” stressed al-Jadaan.
“Saudi Arabia is playing its part globally and you can count on it to continue playing that part,” he remarked.
