“The program to codify legal practices is welcome and will strengthen the legal infrastructure for business. The PPP/asset sales program has considerable scope to increase the efficiency of capital allocation and service provision for the government. The growing role of digitalization and the move to e-government, e-commerce, and digital banking have the potential to boost productivity given the young and tech-savvy population. Ongoing initiatives to support SMEs and entrepreneurs are welcome. The fintech sector is showing promise in delivering innovative financial solutions that benefit SMEs and others who are less well-served by banks.”
–Item #11 of the 15-point Concluding Statement of the 2021 IMF’s annual consultation meetings in Saudi Arabia. [IMF]
