IMF: We look forward to continued contribution of Riyadh to addressing global challenges

The managers of the International Monetary Fund praised the Kingdom’s role in achieving stability in the region, and its leadership role in the multilateral forums, including the Group of Twenty and its role in chairing the International Committee for Monetary and Financial Affairs. The managers in the report published by the Fund after the Consultations of Article 4 with the Kingdom for the year 2025 said that they are looking forward to the continued contribution of Riyadh to addressing global challenges.

The International Monetary Fund chose the Kingdom to head the International Committee for Monetary and Financial Affairs from 2024 to 2027, which reflected confidence in its leadership position globally and regionally, and its pivotal role in promoting multilateral international work. The committee undertakes the issues related to enhancing the growth and stability of the global economy, and ensuring global financial stability, and has become a major platform for providing the strategic trend of the work and policies of the International Monetary Fund.

The committee includes 24 members of the finance ministers and central bank governors, and it is based on its work mechanism and its decisions on the consensus of opinions, including the selection of its president, and it usually meets twice a year during the annual meetings and spring meetings of the International Monetary Fund and the World Bank Group. The Kingdom’s presidency of the International Committee for Monetary and Financial Affairs comes to confirm its strong commitment to enhance multilateral work, and reflects its leadership role in supporting economic growth Regionally and globally.

The Ministry of Finance welcomed the report of the fourth article of the Kingdom of Saudi Arabia for the year 2025 issued by the International Monetary Fund, which affirmed the Kingdom’s flexibility and strong ability to confront the shocks and external economic challenges, the continued expansion of its non -oil economic activities, its ability to contain inflation, and the low unemployment rate to its lowest levels historically.

The report highlighted the efforts made in disclosing public financial statements, and in studying and analyzing the risks surrounding public finance, praising the medium -term investment plans and ways to finance them, and the government’s transition to medium -term financial planning, and the pre -emptive approach to setting spending ceilings for all sides until the year 2030 AD, explaining that the direct impact of the escalation of global trade tensions is limited to the Kingdom, and will perform the strong local demand And reduce OPEC+ production discounts to push economic growth despite the increasing global uncertainty.