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Finance Minister: Saudi Arabia Is Committed to Enhancing Stability of Oil Market
Saudi Press Agency Published in Saudi Press Agency on 20 - 04 - 2013

The International Monetary and Financial Committee (IMFC) held its 27th meeting here today.
The Kingdom's delegation to the meeting, was led by the Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf.
In a speech during the meeting, Dr. Al-Assaf highlighted the economic situation in the Kingdom as well as the situation of the global economy in addition to some issues relating to the International Monetary Fund.
He pointed out that the high growth and moderate inflation reflected the strong performance of the Saudi economy, stressing the soundness and safety of banking sector in the Kingdom, and emphasizing that Basel III requirements are under implementation.
Dr. Al-Assaf also said that the Kingdom of Saudi Arabia is committed to strengthening the stability of oil market, and working to achieve the market's stability in order to support the growth of global economy.

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