Why did the IMF choose Saudi Arabia to represent it in the region?

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Why did the IMF choose Saudi Arabia to represent it in the region?

The choice of Saudi Arabia by the International Monetary Fund to have its regional office in Riyadh to become the Fund's first office in the Middle East and North Africa has several implications, including the recognition of the Kingdom's growing role in the region and in the global economy, and confidence in the economic and financial capacity of the Kingdom, which the world knows is today one of the most successful countries in promoting commu…