Headed by Minister of Finance, Saudi Arabia Concludes Participation in 2024 IMF-WBG Spring Meetings

The Kingdom of Saudi Arabia’s delegation concluded its participation in the 2024 International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings, held in Washington, D.C. from April 15 to 20.
The delegation was led by the Minister of Finance, Mohammed Al-Jadaan.
‏During the event’s first day, Al-Jadaan participated in the IMF Middle East, North Africa, Afghanistan, and Pakistan (MENAP) Ministers & Governors Meeting, in which he highlighted the importance of implementing effective fiscal policies to bolster resilience and sustainability amid the challenges facing the global economy.
The minister also participated in the Global Sovereign Debt Roundtable and noted the importance of enhancing the efficiency and transparency of debt restructuring to support the efforts of the G20 Common Framework for Debt Treatment.
‏During the second G20 Finance Ministers and Central Bank Governors meeting, under the Brazilian presidency, Al-Jadaan said that the challenges facing the world, including climate change, require intensive and concerted efforts from all.
He also emphasized that Saudi Arabia supports the Brazilian Presidency’s efforts to continue the ongoing dialogue among G20 members focusing on amplifying the role of Multilateral Development Banks in development finance.
‏Finance minister also chaired the first International Monetary and Financial Committee (IMFC) meeting since the announcement of the Kingdom’s chairmanship.
The meeting participants exchanged views on developments in the global economy. They also discussed global economic policy priorities and the IMF role in providing financial assistance, advice, and technical capacity building services to member states, as well as financial support to countries in need.
‏The Saudi delegation also participated in the WBG Development Committee meeting, where the Kingdom’s speech included the importance of committing to a country-based model of development to focus on client countries’ highest development priorities.
‏On the sidelines of the Spring Meetings, Al-Jadaan met with a number of ministers, central bank governors, and heads of international commercial banks, and discussed with them ways to enhance economic cooperation and bilateral relations.