Saudi news

In the past, we used to offer grants without conditions, and the method of aid has changed

The Saudi Minister of Finance, Muhammad Al-Jadaan, said that the Kingdom is changing the way it provides aid to its allies from providing direct grants and deposits without conditions.

He added, during his participation in the activities of the World Economic Forum in Davos, “We used to provide grants and direct aid without conditions, and we are changing that, as we urge the countries of the region to carry out reforms.”

Read more: Saudi Finance Minister: We are open to trade talks in other currencies besides the dollar

According to Al-Jadaan: “Now we say: “We want reforms”.. We impose taxes on our people.. and we expect others to play their role. The aid that the Kingdom will provide to other countries will be conditional on reforms. We need to see reforms. We want help, but we want you to undertake Your turn.”

Al-Jadaan added that Saudi Arabia has done a lot of work to stimulate the Saudi economy and help the global economy.

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