Dr. Al-Assaf said that there were two meetings with the President of the World Bank. The first meeting was with businessmen and banks. The second meeting is held with the President of the World bank to discuss aspects of cooperation between the Kingdom of Saudi Arabia and the World Bank in the field of development or technical program which is implemented by the World Bank in the Kingdom in addition to the bank's role in the Kingdom through supporting and funding the Saudi private sector as well as highlighting the bank's role in supporting the Arab countries. "The World Bank is highly appreciated the Kingdom's efforts and support for the regional and Arab countries particularly in the recent period. I think the Kingdom is among the great contributors in the World Bank and many activities such as, joint funding or supporting different institutions of the bank," Dr. Al-Assaf said. "There are some of the bank's institutions, such as, the International Finance Corporation which has a technical activity in the Kingdom, helping and supporting in development of the Saudi economy through technical consultancy and expertise," the Minister of Finance added. Regarding the World Bank's recent report, Dr. Al-Assaf said that the Kingdom of Saudi Arabia has defense lines in the event of decreasing oil price which are the good reserve in addition to that the governmental debts are nearly finished. --More 17:56 LOCAL TIME 14:56 GMT www.spa.gov.sa/w