Saudi Minister of Finance Mohammed al-Jadaan is pictured during a press conference at the Saudi budget Forum in Riyadh on December 10, 2019. (Credit: AFP/File photo)
DAVOS, Switzerland — Saudi Arabia's finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally.
"We used to give direct grants and deposits without strings attached and we are changing that," Mohammed al-Jadaan said at the World Economic Forum in Davos, adding Saudi Arabia was encouraging countries in the region to make reforms.
"We need to see reforms. We are taxing our people, we are expecting also others to do the same, to do their efforts. We want to help but we want you also to do your part."