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Business / Middle East Business

Saudi finance minister says no immediate plans to fund PIF wealth fund

Published: 23 May 2022 - 06:12 pm | Last Updated: 23 May 2022 - 06:14 pm
Peninsula

Reuters

Saudi Arabia's finance minister said on Monday there were no immediate plans to transfer funds to the Kingdom's sovereign wealth fund, the PIF.

Fluctuations in oil prices will not impact how Saudi Arabia manages its finances, Finance Minister Mohammed al-Jadaan said at the World Economic Forum in Davos.

Saudi inflation at the end of this year is expected to reach between 2.1% and 2.3%, he added.

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