cover image: The Role of Financial Development in Private Sector Growth in Saudi Arabia

The Role of Financial Development in Private Sector Growth in Saudi Arabia

11 Dec 2023

The Role of Financial Development in Private Sector Growth in Saudi Arabia 2 Abstract Saudi Vision 2030 (SV2030), the masterplan for the socioeconomic development of the Kingdom, places considerable emphasis on the development of the private sector in the diversification of the economy. [...] However, during this era, the decline in lender agree to a joint venture to split the risk of loss government revenues due to the collapse of oil and the fruits of profits in the proportion of the amount prices sent the banking sector into distress. [...] The point here is that the incorrect identifying other cointegrating relations in the system identification of the number of cointegrating relations framework, such as the Johansen method, in that established by the variables (e.g., considering addition to the relation of interest and including all of one cointegration of interest and ignoring others) relations in the short-run equation, i.e., the. [...] The program was launched in 2017 to enable To make the financial sector more supportive and support financial institutions to promote the of the development of the private sector, the development of the private sector. [...] We banks to 20% in 2030, compared to 5.7% in 2019; should not suggest the lowering of the lending rate, increasing the market value of the stock market as as the Saudi interest rate follows the US Federal a percentage of GDP from 66.5% in 2019 to 88% Reserve rate due to the fixed exchange rate regime in 2030 (excluding the Aramco IPO); and achieving of the riyal since 1987.

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Pages
48
Published in
Saudi Arabia