Saudi Arabia's economic outlook remains “broadly positive” and the banking system is “fundamentally sound,” the International Monetary Fund (IMF) said in a latest statement carried by the web-site of the Saudi Arabian General Investment Authority (SAGIA). “Saudi Arabia was well prepared in confronting the global crisis," the IMF said following a visit to the country. "The kingdom has good supervisory and regulatory frameworks, prudent macroeconomic and financial politics, and its fiscal stimulus was well targeted," it added. --MORE
