Addressing a meeting of the International Monetary and Financial Committee of International Monetary Fund, he reiterated Saudi Arabia's commitment to strengthening oil market stability, protecting the interests of both producers and consumers.
Al-Assaf, who is the Kingdom's governor to the IMF, spoke about the current situation of the global economy and the IMF's role in confronting the challenges of the global economy.
He said the royal decrees issued by Custodian of the Two Holy Mosques King Abdullah providing temporary allowances to the unemployed and increasing spending on housing programs would strengthen the social safety networks.
The minister said the Kingdom's economy was making strong performance thanks to large-scale government spending in infrastructures projects and social sectors.