AreaSaudi Arabia

Commodity GroupRice

CommodityAll

Date05/05/2020

Policy CategoryTrade

Policy InstrumentFinance and Credit Facilities

DescriptionAnnounced that it would avail a SAR 2.0 billion (USD 532 million) loan package to facilitate imports of food products and help mitigate economic impacts of the COVID-19 pandemic. The first phase of the initiative would target foodstuffs such as rice, sugar, yellow maize and soybeans.

NotesExchange rate as of 15 May 2020.