Saudi Arabia Will Not Yield to IMF Pressure
While on a visit in Saudi Arabia earlier this month, Gordon Brown, British Prime Minister, suggested that Saudi Arabia should contribute extra money to the IMF fund. Supporting his statement, he said Saudi Arabia is the world’s largest oil exporter and should help create funds to lend a hand in emerging markets and to prevent the global financial crisis from worsening.
To this, Finance Minister Ibrahim al-Assaf responds diplomatically but firmly saying, “This is not our opinion. We will continue to play our role responsibly, but we are not going to finance the institutions just because we have large reserves.”
Brandie Gordon
