Arab News, Wednesday, Jan 25, 2023 | Rajab 3, 1444
Shoura Council approves IMF regional office in Saudi Arabia
The Saudi Shoura Council on Tuesday held
its 18th ordinary session in Riyadh under the chairmanship of deputy speaker,
Mishaal bin Fahm Al-Salami.
During the meeting, the council discussed several
draft memorandums of understanding and agreements.
Members approved a draft MoU between the Saudi
government and the International Monetary Fund on the establishment of an IMF
regional office in the Kingdom and support for the fund in capacity development.
A similar preliminary accord between the Saudi
General Authority for Competition and its Egyptian counterpart organization on
increased cooperation and combating monopolistic practices was also agreed.
In addition, a draft of an MoU on combating
corruption, drawn up between the Saudi Oversight and Anti-Corruption Authority
and the National Anti-Corruption Commission of Thailand, was passed by the
Other draft memoranda approved by members included
two between the governments of Saudi Arabia and South Africa for cooperation in
the fields of social development, and maritime transport, an agreement with
Egypt on fighting crime, and another on the Kingdom’s mutual recognition with
Morocco of halal certificates for local products.