VIENNA: Mohammed Al-Jadaan, the minister of finance for Saudi Arabia, finished his attendance at the 47th Ministerial Council Meeting of the OPEC Fund for International Development Forum, which took place in Vienna, Austria, on June 23–24.
The purpose of the gatherings, which brought together leaders, ministers, and heads of multilateral development finance organizations, was to examine methods to improve responses to global crises under the subject “A Transformation That Empowers Tomorrow.”
In his introductory remarks, Al-Jadaan stressed that today’s development challenge is not just about fostering economic growth but also about creating economies that are more resilient to shocks from around the world, bolstering supply chain flexibility, and enhancing nations’ capacity to handle growing risks.
He emphasized that development finance organizations, such as the OPEC Fund for International Development, are essential in mobilizing resources, exchanging expertise, and fostering innovation to assist nations in addressing global difficulties because no nation can handle these issues on its own. The fund’s offices or any other venue the council chooses will host the council’s yearly sessions.
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