Arab News

RIYADH: Saudi Finance Minister Mohammed Al-Jadaan will head the Kingdom’s delegation to the International Monetary Fund and the World Bank Group assemblies in Washington this week to discuss global economic developments.

Al-Jadaan will chair the first meeting of the International Monetary and Financial Committee under Saudi Arabia’s three-year chairmanship.

The meeting will review economic developments and the threats to overall global development. It will also discuss global economic policy, key priorities and the role of the Washington-based lender in providing financial assistance, advice, technical capacity building to member states, and financial support to countries in need.

The minister will also take part in the meeting of the World Bank Development Committee to discuss the global development plans implemented by the entity. 

Moreover, Al-Jadaan and the governor of the Saudi Central Bank, Ayman Al-Sayari, will also participate in the second meeting of finance ministers and central bank governors of the G20 under the Brazilian presidency.

The meeting will discuss a number of economic and development issues as well as ways to enhance international cooperation to meet the challenges of the global economy.

The Kingdom’s delegation includes the CEO of the Saudi Fund for Development, Sultan Al-Marshad, the deputy chair of the International Monetary and Financial Committee of the IMF, Ryadh bin Mohammed Al-Khareif, and Assistant Minister of Finance for the Macro Fiscal Policies and International Relations Abdulmohsen Al-Khalaf.