JEDDAH: At the annual gathering of international financial institutions in Washington, Saudi Arabia called for increased multilateral collaboration to support sustainable economic growth. At the Peterson Institute for International Economics’ Macro Week event on October 22, which coincided with the 2024 International Monetary Fund and World Bank Group Annual Meetings, Finance Minister Mohammed Al-Jadaan emphasized this.
Among the meetings, which include the fourth meeting of G20 finance ministers and central bank governors from October 21–26, is a high-level Saudi delegation led by Al-Jadaan.
“On the sidelines of the 2024 IMF and World Bank annual meetings, I met with the World Bank Group’s chief economist, Indermit Gill, to discuss recent economic developments at both regional and global levels,” Al-Jadaan said in a post on his X account. In order to examine current global economic trends and discuss measures to improve cooperation between Saudi Arabia and the IMF, he also met with Kristalina Georgieva, the managing director of the IMF.
Saudi Arabia will serve as the 2024–2027 chair of the International Monetary and Financial Committee, the IMF stated in December 2023. In order to manage the global monetary and financial system and handle any possible disruptions, this committee assists the organization’s board of governors.
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