Riyadh – Sharikat Mubasher: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said the Saudi private sector has become increasingly resilient and better equipped to adapt to changing conditions.

Speaking during a panel discussion organized by the Strategic Management Office at the Saudi House on the sidelines of the World Economic Forum 2026, Georgieva said she is a strong admirer of Saudi reforms, adding that the diversity of the Saudi economy spans all sectors.

She noted that the Kingdom has shown persistence in implementing successful reforms that enabled the growth and prosperity of the private sector, which has become more resilient and adaptable and has been a source of success amid the major global disruptions the world is facing.

Georgieva also highlighted the scope and impact of the reforms, saying they are highly influential as they develop all areas and support all types of companies, whether large, medium, small, or micro.

She added that the Kingdom has also succeeded in supporting entrepreneurship by empowering young Saudis—both men and women—and increasing their role in the economy.

Georgieva explained that Saudi Arabia’s economic diversification plan covers all areas by developing industry beyond oil and gas, in addition to services, financial services, sports, and tourism.

She pointed out that the Kingdom has decided to share its experience with the world, noting that the IMF has opened an office in Riyadh to facilitate sharing the Saudi experience with the rest of the world amid the significant development achieved by the Saudi economy at all levels.