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IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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 Empty IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO

Post by RamblerNash Fri Aug 24, 2018 11:01 pm

IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO

IMF: Saudi reforms will boost growth despite postponement of Aramco's IPO 9604

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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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