The government’s economic renewal of the Kingdom is progressing steadily in accordance with Saudi Vision 2030. The budget for 2020 reflects and reinforces our commitment to implement reforms, plans and programmes to achieve our vision, setting specific goals in a number of areas to help create a vibrant and ambitious society, as well as a prosperous...
In November 2020 Riyadh is set to host the 15th annual G20 Leaders’ Summit, bringing together the leaders of some of the world’s largest economies. Although the summit will span a period of just two days, more than 150 separate meetings, exhibitions and events are being organised around it, and are expected to be a major boon for the local economy...
Home to an estimated 17.2% of the world’s proven oil reserves and the largest economy in MENA, Saudi Arabia is a key player not only in the region, but also on a global scale. Since its establishment in September 1932, the Kingdom has poured its considerable financial resources into a series of large-scale economic development, diversification and...
Earlier this year, Trinidad and Tobago was looking relatively resistant to the worst effects of the coronavirus pandemic. However, given that oil and tourism are two of the main contributors to GDP – with a 45% and 7.6% share, respectively, in 2018 – T&T is beginning to feel the economic pinch. In response, policymakers have deployed a variety of fiscal and monetary policy tools, supported by the country's banks.
To assist the government’s financial response to the coronavirus pandemic, Indonesia’s central bank is set to purchase $40bn in sovereign bonds as part of a debt monetisation programme – a strategy seldom used by emerging markets that could have wider implications for the region.
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