The world’s largest oil exporter, Saudi Arabia, is expected to keep its careful government spending policy this year, regardless of how high oil prices would go, a senior official at the International Monetary Fund (IMF) told Bloomberg in an interview this week. The IMF, which has just completed its regular mission to Saudi Arabia, expects Saudi Arabia to prefer to replenish fiscal reserves now that oil prices are $75 a barrel, after the 2020 crash cost many Middle Eastern producers a lot of oil revenues. “The message that we very strongly…
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