Muhammed Al-Jasser

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).[1]

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.[2] He served in this post until 2009.[3][4] He was also named as acting deputy minister of finance and national economy for budget and organization in 1995.[5] He served as the director of the Saudi Arabian Mining Company until 2009.[6]

Al Jasser became governor of SAMA in February 2009, replacing Hamad Al Sayari.[7][8] He was also appointed the first chairman of the Gulf Monetary Council on 30 March 2010.[3][9][10] The task of this organisation is to establish a united central bank and common currency for the Gulf Cooperation Council (GCC).[3] 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.[4] Al Jasser was appointed minister of economy and planning on 13 December 2011, replacing Khalid bin Mohammed Al Gosaib, who had been in the post since 2003.[2][11][12] 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.[13]

Al Jasser is described as a well-regarded technocrat by James Reeve, senior economist at Samba Financial Group in London.[14]

Al Jasser is the recipient of the King Abdulaziz Medal of the First Order.[15] In 2009, he was named by the Middle East as one of the 50 most influential Arabs in the world.[15]