Saudi Arabia’s Finance Minister, Mohammed Aljadaan, is set to lead the Kingdom’s delegation to the upcoming International Monetary Fund and World Bank Group Spring Meetings scheduled to take place in Washington D.C., USA, from April 15 to 20, 2024. The delegation’s composition is a constellation of key financial figures, including Central Bank Governor Ayman Alsayari, and heads of various financial institutions within the Kingdom.
The contingent will also feature the CEO of the Saudi Fund for Development, Sultan Almarshad, Assistant Finance Minister Abdulmuhsen Alkhalaf, International Monetary and Financial Committee Deputy Chair Ryadh Alkhareif, Deputy Finance Minister Khalid Bawazier, as well as experts from an array of Saudi financial bodies such as the Ministry of Finance, the Central Bank, the Ministry of Economy and Planning, the Saudi Fund for Development, and the Zakat, Tax, and Customs Authority.
Significantly, Aljadaan is poised to preside over the first session of the International Monetary and Financial Committee, marking a new chapter since the announcement of Saudi Arabia’s three-year chairmanship. Top of the agenda for the committee will be discussions on global economic developments, growth prospects, and potential risks, alongside setting global economic policy priorities. Aljadaan, together with Alsayari, will also be active participants in the 2nd G20 Finance Ministers and Central Bank Governors Meeting, which is set under the Brazilian Presidency, with a focus on global economic issues and fostering international cooperation.
In addition to these engagements, Aljadaan will take part in a session of the World Bank Group’s Development Committee, which will be delving into strategies for tackling global development challenges. The spring meetings are a pivotal platform that convenes finance ministers, central bank leaders, representatives from international organizations, private sector executives, civil society members, and academics. The collective goal is to engage in dialogue and action on pressing global matters such as the global economy, sustainable development, poverty reduction, and a spectrum of other economic and financial themes.