Saudi Minister of Finance Dr Ibrahim Al-Assaf has said wise economic measures adopted last year by the government had led to a minimum rate of inflation and surpluses in the country's foreign account and general budget. In an address at a meeting of the International Monetary Committee, an affiliate of the World Bank (WB), which started its deliberations here yesterday, Dr. Al-Assaf shed light on the economic situation in the Kingdom of Saudi Arabia and the Arab region as well as the role of the International Monetary Fund (IMF) in this respect. Dr. Al-Assaf, who heads the Kingdom's delegation to the meeting, said Saudi Arabia's healthy economic situation has enabled its private sector to play a pioneering role in the process of diversification of the country's economic base. "Moreover, the horizons of the Saudi economy are promising," he added. --More 1120 Local Time 0820 GMT
