Saudi Arabia : selected issues.

Saudi Arabia : selected issues.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, 2016. ©2016
Description:	1 online resource (73 pages) : color illustrations.
Language:	English
Series:	IMF Country Reports ; no. 16/327 IMF country report ; no. 16/327.
Subject:	International Monetary Fund -- Saudi Arabia. International Monetary Fund. Asset-liability management -- Saudi Arabia. Economic development -- Saudi Arabia. Fiscal policy -- Saudi Arabia. Labor policy -- Saudi Arabia. Petroleum as fuel -- Prices -- Saudi Arabia. Public-private sector cooperation -- Saudi Arabia. Asset-liability management. Economic development. Expenditures, Public. Fiscal policy. Labor policy. Petroleum as fuel -- Prices. Public-private sector cooperation. Saudi Arabia -- Appropriations and expenditures. Saudi Arabia. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12017018

Hidden Bibliographic Details
Other authors / contributors:	Al Khunaizy, Kusay, author. Algursan, Assem, author. Alhumaidah, Fahad, author. Alkhareif, Ryadh M., author. AlSaeed, Khalid, author. Alsayaary, Salah, author. Ben Ltaifa, Nabil, author. Callen, Tim, author. Honjo, Keiko, author. Miyajima, Ken, 1971- Pant, Malika, author. Pedras, Guilherme, author. Rawah, Fares, author. Shbaikat, Gazi, author. International Monetary Fund, issuing body.
ISBN:	1475544278 1475544324 9781475544275 9781475544329
Notes:	"June 30, 2016; prepared by Assem Algursan, Fahad Alhumaidah, Ryadh Alkhareif, Kusay Al Khunaizy, Khalid AlSaeed, Salah Alsayaary, Nabil Ben Ltaifa, Tim Callen, Keiko Honjo, Ken Miyajima, Malika Pant, Guilherme Pedras, Fares Rawah, and Gazi Shbaikat"--Page 2 of pdf. "October 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed October 27, 2016).
Summary:	High oil prices and rapid growth in government spending have been important drivers of growth and have led to an economy where factor inputs rather than productivity and human capital development have supported growth. Looking forward, fiscal consolidation will result in slower economic growth in the near-term, and an acceleration of ongoing structural reforms is critical in spurring stronger productivity growth and private investment to offset slower public investment over the medium term. Saudi Arabia is considering privatization and Public-Private Partnership (PPP) programs as part of the policy response to the decline in oil prices. These programs have considerable scope to increase efficiency and productivity in the economy as well as unlock greater value of government assets. Implementation should proceed transparently with a clear time-table, and be underpinned by institutional, legal and regulatory frameworks. Lessons from international experiences with privatization and PPPs could usefully be incorporated in designing the policy frameworks. There are important fiscal and macroeconomic considerations that require appropriate policy response. -- To meet large financing needs over the coming years, Saudi Arabia has multiple financing options. It can draw down the large stock of government deposits held at the central bank, sell other financial assets, or borrow domestically or abroad. This paper uses an asset-liability management framework to discuss the benefits and risks as well as the macroeconomic implications of each of these options, and illustrates some of these aspects through a simulation analysis. It also reviews a number of policies that will help expand the investor base and reduce financing costs, while having broader positive implications for the economy. In particular, establishing a benchmark yield curve will encourage the development of the domestic debt market. Moreover, the fiscal and debt management frameworks and policies need to be strengthened in order to mobilize domestic savings and attract foreign financing. --
Other form:	Print version: Saudi Arabia. Washington, D.C. : International Monetary Fund, [2016] 1934-7685 9781475544275
Standard no.:	10.5089/9781475544275.002

Description
Summary:	This Selected Issues paper discusses the options for financing the government fiscal deficit in Saudi Arabia. The Saudi government is working to develop a comprehensive strategy to meet its budget financing needs. Although external borrowing could alleviate pressure on the domestic market, it will also create new risks. Reliance on foreign investors may help further enhance transparency. Foreign investors' demand for diversification could also allow the Saudi government to enjoy attractive yields. Broadening the investor base and ensuring that the government's debt issuance supports the development of the private debt market could help alleviate some of the negative economic and financial effects of higher government debt.
Item Description:	"June 30, 2016; prepared by Assem Algursan, Fahad Alhumaidah, Ryadh Alkhareif, Kusay Al Khunaizy, Khalid AlSaeed, Salah Alsayaary, Nabil Ben Ltaifa, Tim Callen, Keiko Honjo, Ken Miyajima, Malika Pant, Guilherme Pedras, Fares Rawah, and Gazi Shbaikat"--Page 2 of pdf. "October 2016."
Physical Description:	1 online resource (73 pages) : color illustrations.
Bibliography:	Includes bibliographical references.
ISBN:	1475544278 1475544324 9781475544275 9781475544329