Saudi Govt. Bodies to Deploy Int’l Foreign Expertise

The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
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Saudi Govt. Bodies to Deploy Int’l Foreign Expertise

The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic

Saudi Arabia intends to benefit from foreign expertise on the level of government bodies in an effort to develop government performance and upscale it to advanced levels.

The General Authority for Statistics (GASTAT) announced in an official statement that the Board of Directors, under the chairmanship of Finance Minister Mohammed al-Jadaan, appointed Dr. Konrad Pesendorfer as president of the General Authority for Statistics.

According to GASTAT, Dr. Konrad will be working alongside with GASTAT’s team of national caliber to improve and oversee the statistical work, and to achieve GASTAT’s transformation goals by turning it into a world-class Statistical Authority capable of fulfilling its roles and functions like its counterparts of the G20 countries; by adopting the best international practices used at the Organization for Economic Cooperation and Development (OECD).

This decision by GASTAT’s Board of Directors is to stress on efforts made towards achieving The National Strategy for Statistical Development that was approved by the Cabinet of Ministers in 2019.

This strategy seeks to develop and enhance the statistical work in Saudi Arabia, and ensure its sustainability in providing accurate statistical data at the right time that can be available to researchers, decision makers, and investors.

This will achieve the collaboration that is compatible with the data and information policies in Saudi Arabia that attains a high level of transparency and integration, and fulfills all efforts related to the statistical field.

Pesendorfer was appointed as GASTAT’s president after he worked as an acting president since last January. His appointment is comparable to other international appointments that have achieved remarkable success. He is one of the world’s prominent experts in managing statistical organizations.

Dr. Konrad was the director general of Statistics Austria from 2010 until 2019 and represented Austria in the European Statistical System Committee (ESSC), the top decision-making body of the European Statistical System, where the heads of European Statistical Institutes and Eurostat gather regularly.

He was also appointed as the Chairman of the Committee for Statistics and Statistical Policy of the Organization for Economic Cooperation and Development (OECD) in 2016.

Pesendorfer was also the co-chair of the Board of Directors of the International Comparison Program of the United Nations and the World Bank (with India), and Counselor to the Executive Board of the European Central Bank in Frankfurt before.

Dr. Konrad holds PhD in economics from the Vienna University of Economics and Business Administration. In addition, he was lecturer on international economics at the H.E.C. Business School in Paris and at the Institut d’Etudes Politiques de Paris (Sciences Po) in Paris.

The appointment of Dr. Konrad for this position is consistent with other international experiences in enhancing the statistical work and attracting international experts, like the appointment of New Zealand’s former government statistician Leonard Warren Cook as director of the National Statistics Office in the United Kingdom and the appointment of Mark Carney as the governor of the British Central Bank in 2008.

This illustrates that experience exchange practices used worldwide are effective in closing the knowledge gap and bringing outstanding experiences.

With its G20 presidency, Saudi Arabia aims to achieve strategic goals in developing its economic and developmental system in order to strengthen its position among top economies in the world.

The GASTAT, within the National Strategy for Statistical Development framework will work to link between different government and private entities, to develop national human capital at all levels, and to improve the technical environment supporting statistical work.

GASTAT will also adopt the best global experiences that will contribute to achieving the maturity if statistical data sector; and will work jointly with national universities and relevant educational institutions to build a specialized statistical generation through training national caliber who will lead the statistical work in the Kingdom in future.



Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
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Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA

The Saudi Export-Import Bank (Saudi EXIM) hosted the Berne Union's Country Risk Specialist Meeting, providing a platform for experts and thought leaders in risk management from the export credit community.
At the meeting, which took place from November 19 to 21 in Riyadh, the attendees exchanged best practices to better protect the industry amid shifting global dynamics.
According to a press release issued by the Saudi EXIM on Saturday, the event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions.
By strengthening institutional resilience, the industry is ready to turn global economic challenges into opportunities for economic prosperity, said the release, adding that it played a crucial role in advancing global trade, strengthening international cooperation, and developing credit solutions that empower export activities while controlling risk, SPA reported.
According to the release, discussions centered on critical risks impacting international trade and the global economy, such as debt sustainability and geopolitical tensions, along with innovative approaches to risk modelling. Participants also explored the global shifts in infrastructure, energy and critical minerals sectors, and were given an overview of Saudi Arabia's National Industrial Strategy, which focuses on economic diversification through investments, developing new sectors, and promoting local industries.
In his opening remarks, Saudi EXIM CEO Eng. Saad bin Abdulaziz Al-Khalb said the meeting is an ideal platform to address risks impacting global economic decision making.
He stated: "Through such meetings, we can turn challenges into strategic opportunities and enhance our resilience in an ever-changing world. At Saudi EXIM, we remain committed to enabling companies by offering expert financial and non-financial solutions to navigate risks effectively."
He also said that "at Saudi EXIM, we place great emphasis on risk management. In alignment with the main objective of this meeting, I am pleased to announce the completion of our independent country risk model, which is supported by advanced modelling tools and machine learning. This model will provide country ratings and predictions of default risks. We look forward to collaborating with our partners in other export credit agencies to exchange knowledge and expertise, and to strengthening our risk management functions with greater responsibility and effectiveness."
Associate Director at Berne Union Eve Hall said: "The global risk landscape today is highly volatile and highly interconnected. As we navigate our way around the ongoing transformations connected to energy transition and shifting industrial strategies, the traditional concept of 'country risk' is becoming increasingly complex. Our industry excels at understanding, quantifying and pricing these risks, and by bringing together this community of experts for technical exchange the Berne Union is able to help support the development of the industry as a whole. The initiatives announced by our colleagues at Saudi EXIM, making use of new technology in risk analysis, provide a fantastic example of where collaboration in this field can be effectively applied."
The release disclosed that Saudi EXIM's membership in Berne represents a significant strategic step, and is consistent with the Kingdom's commitment to expanding collaboration and integration in the global economy.
This is achieved by building partnerships with leading institutions to address the challenges facing the export credit sector. It also aligns with the bank's goal of developing the export of national products and services through partnerships with national and international financial and funding organizations.
Berne Union works with global trade organizations to encourage the adoption of best practices in export credit insurance, and to cooperate in maintaining the stability of global trade.
Saudi EXIM, a development bank under the National Development Fund, contributes to diversifying the Kingdom's economic base by improving the efficiency of non-oil export ecosystems, bridging financial gaps, and minimizing export risks. This plays a role in helping the non-oil national economy grow, in line with Vision 2030.