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Muhammed Al-Jasser

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Muhammad Al Jasser
Minister of Economy and Planning
In office
13 December 2011 – 29 April 2015
Prime MinisterKing Abdullah
Preceded byKhalid bin Mohammed Al Gosaibi
Succeeded byAdel Fakeih
Governor of the Saudi Arabian Monetary Agency (SAMA)
In office
28 February 2009 – 13 December 2011
Preceded byHamad Al Sayari
Succeeded byFahad Al Mubarak
Personal details
Born1955 (age 68–69)
Buraidah, Saudi Arabia
Alma materSan Diego State University
University of California, Riverside

Muhammad Sulaiman Al Jasser (Arabic: محمد سليمان الجاسر‎; born 1955) is a Saudi economist who is currently the chairman of the Islamic Development Bank (IsDB) group former advisor at the General Secretariat of the Council of Ministers of Saudi Arabia and chairman of the General Authority for Competition.[1] He served as minister of economy and planning between 2011 and 2015.[2] He also previously served as governor and board chairman of the Saudi Arabian Central Bank (SAMA) between 2009 and 2011.[3] Prior to that, he served as executive director at the International Monetary Fund (IMF) between 1990 and 1995.[4]

Early life and education

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Al Jasser was born in Buraidah in 1955. He studied economics at San Diego State University (BA in 1979), and the University of California, Riverside (MA in 1981 and PhD in 1986).[5]

Career

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Al Jasser began his career at the Saudi finance ministry in 1981. He was named the executive director for Saudi Arabia at the International Monetary Fund (IMF) in 1988. His tenure lasted until 1995. He joined the Saudi Arabian Monetary Authority (SAMA) in 1995 as vice governor of SAMA and vice chairman of the SAMA board.[6] He served in this post until 2009.[7][8] He was also named as acting deputy minister of finance and national economy for budget and organization in 1995.[9] He served as the director of the Saudi Arabian Mining Company until 2009.[10]

Al Jasser became governor of SAMA in February 2009, replacing Hamad Al Sayari.[11][12] He was also appointed the first chairman of the Gulf Monetary Council on 30 March 2010.[7][13][14] The task of this organisation is to establish a united central bank and common currency for the Gulf Cooperation Council (GCC).[7] He also chaired state-controlled Saudi Telecom, and is a member on the boards of various national and regional finance institutions including the Islamic Development Bank and Arab Monetary Fund.[8] Al Jasser was appointed minister of economy and planning on 13 December 2011, replacing Khalid bin Mohammed Al Gosaibi, who had been in the post since 2003.[6][15][16] Al Jasser's term as minister of economy and planning ended on 29 April 2015 when he was replaced by Adel Fakeih in the post.[17]

Recognition and honors

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Al Jasser is described as a well-regarded technocrat by James Reeve, senior economist at Samba Financial Group in London.[18]

Al Jasser is the recipient of the King Abdulaziz Medal of the First Order.[19] In 2009, he was named by the Middle East as one of the 50 most influential Arabs in the world.[19]

References

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  1. ^ "Saudi Arabia approves new competition law". ArgaamPlus. Retrieved 22 June 2021.
  2. ^ "A High-Level Conference by the IMF and the Ministry of Finance, Kuwait City, Kuwait". www.imf.org. Retrieved 22 June 2021.
  3. ^ "SAMA Historical Preview".
  4. ^ "PROFILE-Saudi Economy and Planning Minister Muhammad al-Jasser". Reuters. 15 December 2011. Retrieved 22 June 2021.
  5. ^ "Saudi Official to Speak at UCR". insideucr.ucr.edu/. UC Riverside. Archived from the original on 10 January 2015. Retrieved 6 January 2015.
  6. ^ a b "Profile-Saudi Economy and Planning Minister Muhammad Al Jasser". Reuters. 15 December 2011. Retrieved 31 August 2012.
  7. ^ a b c "Arab Bankers Association of North America". Arab Bankers. 12 October 2010. Archived from the original on 7 April 2012. Retrieved 31 August 2012.
  8. ^ a b "Profile-Saudi central bank Governor Muhammad al-Jasser". Alibaba. 5 April 2011. Retrieved 31 August 2012.
  9. ^ "Dr. Muhammad Sulaiman Al-Jasser". KFUPM. Archived from the original on 25 December 2012. Retrieved 31 August 2012.
  10. ^ "Saudi Cabinet Reshuffle; Woman Deputy Minister Appointed". Carnegie Endowment. 18 February 2009. Retrieved 2 March 2013.
  11. ^ "Saudi King makes minor cabinet reshuffle; no major shift in financial policy seen". Al Arabiya. 14 December 2011. Retrieved 2 March 2013.
  12. ^ "Saudi King reshuffles ministries". TVNZ. 15 March 2009. Retrieved 14 March 2013.
  13. ^ "GCC Monetary Council: Saudi Arabia Wants It All". Alpha Dinar. 5 April 2012. Retrieved 31 August 2012.
  14. ^ Mohammed Aly Sergie; Maria Abi Habib (30 March 2010). "Gulf Monetary Council Taps Chairman". The Wall Street Journal. Riyadh. Retrieved 31 August 2012.
  15. ^ "King Abdullah Appoints New Ministers". US-Saudi Arabian Business Council. Archived from the original on 31 October 2013. Retrieved 1 September 2012.
  16. ^ "Saudi Cabinet reshuffle". SAMIRAD. Riyadh. 30 April 2003. Archived from the original on 27 September 2013. Retrieved 27 September 2013.{{cite web}}: CS1 maint: unfit URL (link)
  17. ^ "King empowers next generation". Arab News. 29 April 2015. Retrieved 4 June 2015.
  18. ^ Carey, Glenn (14 December 2011). "Saudi Arabia's King Appoints New Economic Team Amid Record Spending Plans". Bloomberg. Retrieved 1 September 2012.
  19. ^ a b "The world's 50 most influential Arabs". The Middle East. 1 May 2009. Retrieved 14 August 2013.
Preceded by
Khalid bin Mohammed Al Gosaibi
 Minister of Economy and Planning
2011-2015 		Succeeded by
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