Al-Jadaan leads Saudi delegation to IMF-World Bank meetings

Al-Jadaan leads Saudi delegation to IMF-World Bank meetings

WASHINGTON — Minister of Finance Mohammed Al-Jadaan is leading Saudi Arabia's delegation participating in the annual meetings of the International Monetary Fund (IMF) and World Bank underway in Washington.

The delegation includes Dr. Fahad Almubarak, Governor of the Saudi Central Bank (SAMA), Sultan Al-Marshad, CEO of the Saudi Fund for Development (SFD), as well as a number of officials from the Ministry of Finance and Saudi Central Bank, and the Saudi Fund for Development.

The minister will attend the meetings of both the International Monetary and Financial Committee (IMFC) of the IMF and the Development Committee of the World Bank Group (WBG).

The IMFC will discuss the Managing Director's Global Policy Agenda (GPA) on global economic policies and challenges, including high inflation rates, tightening financing conditions, and rising food insecurity.

The discussion will lay out what the IMF can do to alleviate these hardships and provide support to ensure inclusive recovery as well as determine the policy responses that are needed at the global and country levels to address these challenges.

The Development Committee will discuss the evolving global development landscape, including the challenges facing food security and energy access and the financing gaps for sustainable development goals. The Development Committee will also shed light