DUBAI: The International Monetary Fund will open a new regional office in Saudi Arabia’s capital Riyadh, it said in a statement on Wednesday, to strengthen partnerships with governments and institutions in the Middle East and further a field.

Abdoul Aziz Wane, a national of Senegal, has been appointed as the first director of the regional office, the statement said.

IMF Executive Board to meet April 29 on Pakistan’s SBA

Saudi Arabia’s cabinet approved an agreement to establish an IMF regional office in the country in March.