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IMF says Saudi reforms going well, urges government not to boost spending as oil rises

IMF says Saudi reforms going well, urges government not to boost spending as oil rises
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DUBAI (Reuters) – Saudi Arabia’s economic reforms are going well, the International Monetary Fund said after annual consultations with authorities, urging the government not to boost spending in line with climbing oil prices.

“Saudi Arabia is making good progress in implementing its ambitious reform program under Vision 2030,” Tim Callen, head of an IMF team which held 12 days of talks with Saudi officials this month, said in a statement late on Tuesday.

(Reporting by Andrew Torchia; Editing by Himani Sarkar)

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