Saudi Arabia working with IMF to improve FDI statistics reporting

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Saudi Arabia has collaborated with the International Monetary Fund (IMF) to enhance the quality and transparency of its foreign direct investment (FDI) statistics, aligning them with international best practices. The Ministry of Investment, the General Authority for Statistics (GASTAT), and the Central Bank of Saudi Arabia have introduced a new methodology for FDI reporting, under IMF guidance.

The initiative reflects ongoing reforms in Saudi Arabia, aiming to improve data accuracy and transparency, coinciding with the economic and investment developments driven by Vision 2030 and the National Investment Strategy.

The FDI methodology is IMF-approved and aligns with its Balance of Payments Manual, which will enhance data accuracy. Accurate FDI statistics will facilitate confident and informed investment decisions for both domestic and international investors.

The IMF has expressed its support for Saudi Arabia’s efforts to refine FDI data compilation, emphasizing the importance of accurate data in measuring progress, monitoring the local economy, and improving the performance of Saudi investments.

This collaboration with international financial organizations is seen as a positive step to attract more foreign investments to the Kingdom and to support its economic development initiatives.

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