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= Saudi Arabia and the World Bank = The World Bank and Saudi Arabia's relationship began in 1974 after the Kingdom had signed a Technical Cooperation Program Agreement which lead to the establishment of the World Bank office in Riyadh. The World Bank also works with Gulf Cooperation Council (GCC) which includes Saudi Arabia. The GCC uses technical assistance programs that run through a reimbursement advisory service (RAS) and in 2018 the program grew to over $50 million. Saudi Arabia contributes $117 million to the International Development Association (IDA).

Economic Background of Saudi Arabia
Saudi Arabia's fortune is due to foreign earnings being that they are one of the largest oil producers in the world having a steady oil revenue increase since the 1940s where it went from $10 million to $308 million. As of 2018 it is ranked 13th in GDP per capita amongst the wealthiest countries in the world falling just under the United States of America. It has a Gross Domestic Product Purchasing Power Parity (GDP PPP) of $1,857,538.20 as of 2018.

In terms of production for Saudi Arabia, it is mainly agricultural based and there has been increase in demand from the GCC. Saudi Arabia Agricultural Market in 2018 was valued at 9507 million. When it comes to exports Saudi Arabia is ranked the 26th largest exporter at $170 billion in 2017 and is ranked 34th in imports at $96.2 billion in 2017 which consists mainly of automobiles and aircraft. Overall the country continues to grow due to demands on oil and their overall wealth.