Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, is poised to lead the country’s delegation at the crucial gatherings of the International Monetary Fund (IMF) and the World Bank Group in Washington, D.C. this week. The agenda is set to focus on the dynamic landscape of global economic developments.
Al-Jadaan will preside over the inaugural session of the International Monetary and Financial Committee during Saudi Arabia’s three-year tenure at the helm. The assembly is expected to scrutinize recent economic trends and identify potential threats to global growth. Additionally, discussions will encompass global economic strategies, pivotal priorities, and the pivotal role played by the IMF in extending financial support, counsel, and capacity building for member nations, especially those in dire need.
The Saudi minister’s participation will extend to the World Bank Development Committee’s meeting, which will deliberate on global development initiatives steered by the institution.
Furthermore, the gathering will witness Al-Jadaan, along with Ayman Al-Sayari, the governor of the Saudi Central Bank, engaging in the second round of discussions with finance ministers and central bank governors from the G20 countries under Brazil’s leadership. The conversations will pivot around various economic and developmental subjects and the pursuit of bolstering international collaboration to surmount the challenges facing the global economy.
The Saudi delegation’s ranks include notable figures such as Sultan Al-Marshad, CEO of the Saudi Fund for Development; Ryadh bin Mohammed Al-Khareif, who serves as the deputy chair of the IMF’s International Monetary and Financial Committee; and Abdulmohsen Al-Khalaf, the Assistant Minister of Finance responsible for Macro Fiscal Policies and International Relations.