Awwal 13, 1432, April 17, 2011, SPA -- The International Monetary and Financial Committee of International Monetary Fund (IMF) held its 23rd meeting here on Saturday. The delegation of the Kingdom of Saudi Arabia to the meeting was headed by Dr. Ibrahim Bin Abdulaziz Al-Assaf, the Minister of Finance and the Kingdom's Governor to the IMF; with the participation of Dr. Mohammed bin Suleiman Al-Jasser, the Governor of Saudi Arabian Monetary Agency (SAMA); and Eng. Yousef bin Ibrahim Al-Bassam, Vice President and Managing Director of Saudi Fund for Development. Addressing the Committee, Dr. Al-Assaf dealt with the economic situation in the Kingdom of Saudi Arabia, the current situation of the global economy, and the role of the International Monetary Fund in confronting the challenges of the global economy. Dr. Al-Assaf noted that the royal decrees recently issued by the Custodian of the Two Holy Mosques King Abdullah Ibn Abdulaziz, aimed to provide temporary subsidies to the unemployed people and to increase spending on housing programs that would strengthen the social safety networks. --MORE
