Author
International Monetary Fund. Monetary and Capital Markets Department.
Publication Date
2017
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Banking, Banks and Banking, Banks and banking, Banks, Commercial banks, Depository Institutions, Economic policy, Economics, Finance, Finance: General, Financial Markets and the Macroeconomy, Investment Decisions, Liquidity management, Liquidity, Macroeconomics, Macroprudential policy, Micro Finance Institutions, Mortgages, Portfolio Choice, Saudi Arabia
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
36
Library
Wesleyan University Library
Library Asset ID
ISBN : 9781484323601, ISBN : 1484323602, ISBN : 9781484323588, ISBN : 1484323580
Record ID
alma9933318084103768
Library Location
See online access
Date
2017
Notes
The FSAP took place during the aftermath of a major shock for the Saudi economy, whose repercussions were still being felt despite a decisive policy response. During 2015–16, the decline in oil prices led to a sharp fall in oil revenues. Government spending was cut and payments to some suppliers were delayed, adding to the contractionary effects on the economy. Combined with sharply increased domestic government borrowing, these developments contributed to a tightening in banking system liquidity. SAMA injected liquidity and relaxed the prudential ratio on banks’ lending to deposits. These measures were effective and, by end-2016, as government arrears were being repaid, the situation in the banking system had started to normalize.
Seri
IMF Staff Country Reports, IMF Staff Country Reports; Country Report ; No. 2017/318
