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Saudi Arabia changing no-strings aid, finance minister says

Middle East

18-01-2023 | 11:00

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Saudi Arabia changing no-strings aid, finance minister says

Saudi Arabia's finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally.

"We used to give direct grants and deposits without strings attached and we are changing that," Mohammed al-Jadaan said at the World Economic Forum in Davos, adding Saudi Arabia was encouraging countries in the region to make reforms.

"We need to see reforms. We are taxing our people, we are expecting also others to do the same, to do their efforts. We want to help but we want you also to do your part."

Middle East

Saudi Arabia

KSA

String

Aid

Finance

Minister

Assist

Allies

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