IMF notes Saudi role in stabilizing world economy

RIYADH, Saudi Arabia (AP) — The head of the International Monetary Fund has hailed Saudi Arabia’s role in supporting the world economy, following meetings with the country’s king and top finance officials.

IMF Managing Director Christine Lagarde noted Saudi Arabia’s role in stabilizing the global oil market and its participation in international financial bodies in a statement issued late Saturday.

She says OPEC’s largest oil producer has become “a leader in not only the oil market but also the region and the global economy.”

Lagarde made no mention of new financial commitments from Riyadh following her first meeting there as head of the IMF, however.

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