The International Monetary Fund praises the reforms of the Saudi labor market and its positive indicators
The International Monetary Fund praised the reforms that took place in the Saudi labor market and began to achieve concrete results, from low unemployment rates, and a rise in the percentage of women’s participation in Labor market , and increasing employment in the private sector. Structuralism, the safety of financial policies, and the Fund clearly expressed its support for the government’s decision to adopt expansion financial policies in 2025, to maintain growth momentum despite the low oil prices. It continues to decrease, to now reach 6.3%, which is a noticeable improvement compared to previous years, reflects the increasing opportunities provided to the Saudis. For statistics, compared to only 19.7% in 2018. This represents one of the most important social and economic transformations in the modern history of the Kingdom, and reflects the success of policies and the development of social standards. Therefore, the private sector today plays a greater role in creating Job opportunities , with the increasing number of Saudi citizens who find sustainable employment opportunities outside the government sector. The Fund’s statement drew attention to the high wages in high -skills jobs, which reflects the growing demand for advanced competencies in areas such as engineering, digital services, and the financial sector, and although this rise is a positive indication of the activity and vitality of the labor market, the International Monetary Fund stressed the importance of continuing to develop and qualify national cadres in these sectors, in a way that contributes to promoting competitiveness and stability of wages in the long run. Labor Market For his part, Deputy Minister Human Resources and Social Development , Abdullah bin Nasser Abu Thanin, with the results, saying: "The last statement issued by the International Monetary Fund is an affirmation of the volume of the transformation witnessed by the labor market in the Kingdom of Saudi Arabia, and is considered an evidence of the effectiveness of the labor market strategy in achieving tangible results. />
He said: "Despite our pride in the achievements achieved, our focus is still focused on enabling every Saudi citizen to obtain rewarding job opportunities within a modern and dynamic economy, and is able to compete globally."
