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:
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

MARC

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500 |a "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. 
500 |a "October 2016." 
504 |a Includes bibliographical references. 
505 0 |a Financing the fiscal deficit: possible options and their potential implications / Fahad Alhumaidah, Ryadh Alkhareif (all SAMA), Khalid AlSaeed (MCM), Nabil Ben Ltaifa (MCD), Ken Miyajima, and Guilherme Pedras (all MCM) -- Privatization and PPPs in Saudi Arabia: past experience and the way forward / Gazi Shbaikat (MCD), Kusay Al Khunaizy (MEP), and Assem Algursan (SAMA) -- Growth in a low oil price environment / Malika Pant (MCD), Keiko Honjo (RES), Salah Alsayaary, and Fares Rawah (both SAMA). 
520 3 |a 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. 
520 3 |a 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. -- 
520 3 |a 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. -- 
588 |a Description based on online resource; title from pdf title page (IMF.org website, viewed October 27, 2016). 
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650 0 |a Asset-liability management  |z Saudi Arabia. 
650 0 |a Economic development  |z Saudi Arabia. 
650 0 |a Fiscal policy  |z Saudi Arabia. 
650 0 |a Labor policy  |z Saudi Arabia. 
650 0 |a Petroleum as fuel  |x Prices  |z Saudi Arabia. 
650 0 |a Public-private sector cooperation  |z Saudi Arabia. 
651 0 |a Saudi Arabia  |x Appropriations and expenditures. 
650 6 |a Gestion des actifs et des passifs  |z Arabie saoudite. 
650 6 |a Développement économique  |z Arabie saoudite. 
650 6 |a Politique fiscale  |z Arabie saoudite. 
650 6 |a Travail  |x Politique gouvernementale  |z Arabie saoudite. 
650 6 |a Partenariat public-privé  |z Arabie saoudite. 
650 7 |a Asset-liability management.  |2 fast  |0 (OCoLC)fst00819062 
650 7 |a Economic development.  |2 fast  |0 (OCoLC)fst00901785 
650 7 |a Expenditures, Public.  |2 fast  |0 (OCoLC)fst00918345 
650 7 |a Fiscal policy.  |2 fast  |0 (OCoLC)fst00925806 
650 7 |a Labor policy.  |2 fast  |0 (OCoLC)fst00990116 
650 7 |a Petroleum as fuel  |x Prices.  |2 fast  |0 (OCoLC)fst01059431 
650 7 |a Public-private sector cooperation.  |2 fast  |0 (OCoLC)fst01083445 
651 7 |a Saudi Arabia.  |2 fast  |0 (OCoLC)fst01210372 
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700 1 |a Algursan, Assem,  |e author.  |0 http://id.loc.gov/authorities/names/no2016144576 
700 1 |a Alhumaidah, Fahad,  |e author.  |0 http://id.loc.gov/authorities/names/no2016144701 
700 1 |a Alkhareif, Ryadh M.,  |e author.  |0 http://id.loc.gov/authorities/names/no2014001209 
700 1 |a AlSaeed, Khalid,  |e author.  |0 http://id.loc.gov/authorities/names/no2016144564 
700 1 |a Alsayaary, Salah,  |e author.  |0 http://id.loc.gov/authorities/names/no2016144520 
700 1 |a Ben Ltaifa, Nabil,  |e author.  |0 http://id.loc.gov/authorities/names/no2005036593 
700 1 |a Callen, Tim,  |e author.  |0 http://id.loc.gov/authorities/names/no95059898 
700 1 |a Honjo, Keiko,  |e author.  |0 http://id.loc.gov/authorities/names/no97048559 
700 1 |a Miyajima, Ken,  |d 1971-  |0 http://id.loc.gov/authorities/names/no2006002691 
700 1 |a Pant, Malika,  |e author.  |0 http://id.loc.gov/authorities/names/no2010173493 
700 1 |a Pedras, Guilherme,  |e author.  |0 http://id.loc.gov/authorities/names/no2011027951 
700 1 |a Rawah, Fares,  |e author.  |0 http://id.loc.gov/authorities/names/no2016144585 
700 1 |a Shbaikat, Gazi,  |e author.  |0 http://id.loc.gov/authorities/names/no2015140412 
710 2 |a International Monetary Fund,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n81052755 
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