Riyadh, Sha'ban 6, 1438, May 2, 2017, SPA -- Saudi financial status is solid and sound as the Minister of Finance asserted according to a statement he made here today, as he was addressing the opening session of the Saudi Euromoney 2017 and associated exhibit, organized by the Euromoney International, in collaboration with the Ministry of Finance and the presence of national as well as foreign officials, world experts and senior financiers and bankers. Welcoming the delegates, Minister of Finance Mohammed bin Abdullah Al-Jada'an referred to the recovery of the US economy and China's expansionary adopted policy, in the face of current challenges, resulting in improving world economy's performance, which undergoes significant departure from the grips of sluggish economic activity. On the other hand, he pointed out the Saudi GDP has doubled, in the last decade, indicating that the national economy constitutes 50 per cent of the overall GCC economy and the 3rd largest reserve, in the world. Having the lowest level of public debt among the G20, is a fact that would help in consolidating economic stability and mitigate negative effects resulting from oil prices' slump, adding that monetary policies pursued by the Kingdom have contributed to enhancing monetary as well as fiscal stability. -- SPA 18:15 LOCAL TIME 15:15 GMT www.spa.gov.sa/w391393