IMF and Saudi Arabia to Host High-Level Conference in AlUla
A groundbreaking collaboration between the International Monetary Fund (IMF) and Saudi Arabia will bring forth the AlUla Conference for Emerging Market Economies, a prestigious gathering to address pressing global economic challenges.
Who Will Attend?
Finance ministers, central bank governors, policymakers, leaders from the public and private sectors, representatives from international institutions, and academia members will converge at this exclusive event.
Key Dates and Speakers
The inaugural edition of the AlUla Conference will take place from Feb. 16-17, 2025, as announced by IMF Managing Director Kristalina Georgieva and Saudi Minister of Finance Mohammed Al-Jadaan.
What’s at Stake?
Global economic stability is at risk due to conflicts, pandemics, climate change, and more. Emerging markets face the threat of setbacks in living standards and economic growth if these challenges are not effectively addressed.
Addressing Economic Issues
The conference will tackle rising inflation rates, supply chain disruptions, geopolitical conflicts impacting energy supplies and food exports, and concerns over the Red Sea shipping lane.
Strengthening Partnerships
The collaboration between Saudi Arabia and the IMF is on the rise, with the recent establishment of the IMF’s first office in the Middle East and North Africa region in Riyadh. This office aims to enhance regional stability, growth, and integration through capacity building and outreach efforts.
Expressing Gratitude
The IMF extends gratitude to Saudi Arabia for its financial contributions supporting capacity development in member countries, including those facing fragile states.