抖阴短视频

RIYADH: 抖阴短视频 has worked with the International Monetary Fund to improve the quality and transparency of its foreign direct investment statistics to bring them into line with world鈥檚 best practice when they are published this year, the Saudi Press Agency reported on Saturday.

The Ministry of Investment of 抖阴短视频, the General Authority for Statistics (GASTAT) and the Central Bank of 抖阴短视频, with technical assistance from the IMF, have used a new methodology for the Kingdom鈥檚 FDI reporting, according to the SPA.

Saudi Minister of Investment Khalid Al-Falih said the new methodology was part of the continuing reforms and upgrades to data accuracy and transparency taking place in 抖阴短视频, while the economy and investment ecosystem continues to mature off the back of Vision 2030 and the National Investment Strategy.

鈥湺兑醵淌悠� offers investors access to the fast-growing Saudi market, the largest in the region, and provides an excellent platform to access regional growth opportunities across the Middle East and beyond,鈥� he said. 鈥淚mproving the transparency and quality of the Kingdom鈥檚 FDI statistics (means) investors will be able to make much more confident and informed decisions, while the Kingdom itself will be able to adapt its policies to attract even more investment.

鈥淭he Kingdom鈥檚 performance in capital formation and attracting FDI has steadily improved, as the data will validate, cementing the Kingdom鈥檚 position as a top investment destination.

鈥淎nd we are working every day to attract investors from all over the world to 抖阴短视频, whether through the launch of the National Investment Strategy, the development of special economic zones, the Supply Chain Resilience Initiative, or our giga-projects,鈥� Al-Falih added.

GASTAT鈥檚 president, Fahad Abdullah Aldossari, told the SPA that the FDI methodology is IMF-approved and aligns with its Balance of Payments Manual. He also stated that the methodology will improve accuracy.

鈥淔DI statistics will help decision-makers design policies in order to create an attractive investment ecosystem and highlight the investment opportunities in the Kingdom,鈥� he said.

鈥淭hrough this methodology, GASTAT seeks to diversify data sources, increase reliability on sources, and provide more detailed statistics, such as the FDI stock and inflows based on economic activity and countries investing in the Kingdom. Moreover, GASTAT provides FDI data using quarterly surveys.

鈥淭his comes as part of GASTAT鈥檚 efforts to provide accurate and comprehensive statistical data with high quality and transparency,鈥� he added.

The deputy minister for Economic Affairs and Investment Studies, Saad Alshahrani, said access to accurate data was crucial not only to measure progress and development, but also to improve and monitor the local economy and performance of Saudi investment.

鈥淥ver the last two years, (the ministry) has painstakingly gone back through the individual financial statements of thousands of businesses. In all, some 70,000 data files have been created for the update, which will help to determine investment priorities and to monitor the performance across sectors and source countries,鈥� Alshahrani said.

In its recent Article IV consultation, the IMF expressed its support for the Kingdom鈥檚 efforts to improve the compilation of FDI data.

鈥淪taff welcome ongoing plans to refine FDI data compilation based on recent statistical manuals and guides, with help from Fund technical assistance,鈥� the report stated.

The United Nations Conference on Trade and Development has confirmed that the new methodology follows international standards in accordance with the IMF鈥檚 Balance of Payments Manual, while the World Bank supports the recommendations made by the IMF in its technical assistance report on 抖阴短视频.