01821cas a2200241 a 4500 AALejournalIMF013783 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361375 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Saudi Arabia : 2013 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (50 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This staff report on Saudi Arabia's 2013 Article IV Consultation discusses economic policies and development. As the largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and stabilizing role in the global oil market. In 2011, Saudi Arabia formally committed through the G20 to use its systemic position in the oil market to promote global stability. Saudi Arabia raised oil production to a 30-year high to ensure demand was met the abrupt decline in Libyan production in 2011, and continued geopolitical tensions in 2012. Growth in fiscal spending has contributed to continued robust growth in private-sector credit of more than 16 percent, and high levels of liquidity in the banking system. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/229 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/229/002.2013.issue-229-en.xml IMF e-Library