Jasser said that the Kingdom of Saudi Arabia has joined the Council of Financial Stability, formerly called (Financial Stability Forum) which is entrusted along with the International Monetary Fund to follow up the developments of bodies monitoring financial sectors in all countries of the world, particularly those that affect the developments of global financial markets. Dr. Al-Jasser pointed out that the developmental Program of Saudi Arabia, focused on producing projects inside the Kingdom at present time, as well as in the future when the economic recovery movement returns so as the Kingdom gets a good share of this movement expected to begin in 2010. He stressed that Saudi financial sectors have not suffered from any problems and do not need re-capitalization or bailout operations that become burdens on the state's budget.
