Other Developments a. The 2009 Article 1V Consultation of the IMF with Saudi Arabia concluded that the prospect of Saudi Arabia"s economy is positive and the performance of non-oil sector will remain strong. b. Standard and Poor"s (S&P) Ratings maintained Saudi Arabia sovereign rating at (AA-). c. The IFC 2010 Report on Ease of Doing Business ranked Saudi Arabia at 13 among 183 countries, up from rank 15 in 2009 report. d. New fiscal, institutional, and structural reforms have been introduced in 2009. These included restructuring of Agriculture Development Fund, the creation of the National Committee for Clean energy Development, National Plan for Nuclear and Radiation Emergency, Tax Incentives for Investment in some Geographical Areas, By-Laws for non-profit Technical and Vocational Training, and rules for dealing with national employees in sectors slated for privatization, among others.
