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IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO
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IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO
by RamblerNash Fri Aug 24, 2018 11:01 pm
IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO
Logo of the International Monetary Fund
08/24/2018
Economy News Baghdad:
Saudi Arabia is moving ahead with economic reforms and the growth of the kingdom's non-oil economy will accelerate this year despite any postponement of the planned sale of shares in Saudi Aramco, a senior International Monetary Fund official said on Friday .
"Aramco is one part of the reform program, the other parts are going well, " Tim Kalin, head of the IMF's mission to Saudi Arabia, told reporters after annual consultations with the Saudi government .
He added that IMF speculation that the Saudi economy would accelerate in the coming years was based on expectations of a wide range of reforms, not including the impact of Aramco's planned initial offering .
Industry sources told Reuters this week that the sale of a five percent stake in Aramco, which was due this year and raised at least $ 100 billion for the government, was indefinitely postponed .
http://economy-news.net/content.php?id=13371
Logo of the International Monetary Fund
08/24/2018
Economy News Baghdad:
Saudi Arabia is moving ahead with economic reforms and the growth of the kingdom's non-oil economy will accelerate this year despite any postponement of the planned sale of shares in Saudi Aramco, a senior International Monetary Fund official said on Friday .
"Aramco is one part of the reform program, the other parts are going well, " Tim Kalin, head of the IMF's mission to Saudi Arabia, told reporters after annual consultations with the Saudi government .
He added that IMF speculation that the Saudi economy would accelerate in the coming years was based on expectations of a wide range of reforms, not including the impact of Aramco's planned initial offering .
Industry sources told Reuters this week that the sale of a five percent stake in Aramco, which was due this year and raised at least $ 100 billion for the government, was indefinitely postponed .
http://economy-news.net/content.php?id=13371
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