Saudi Finance Minister Calls for Decisive Financial Policies Worldwide
In a powerful statement at the Spring Meetings 2024 of the IMF in Washington, D.C, Saudi Arabia’s finance minister emphasized the crucial need for “decisive financial policies” to navigate through uncertain economic conditions. Mohammed Al-Jadaan highlighted that such an approach would enhance resilience and sustainability amidst ongoing uncertainties.
Engagement with IMF and Global Leaders
During the meetings, Al-Jadaan engaged with IMF Managing Director Kristalina Georgieva and participated in discussions with finance ministers and governors from the Middle East, North Africa, Afghanistan, and Pakistan region. He stressed the importance of establishing a clear and fair framework to ensure equitable treatment among all creditors, emphasizing the need for enhanced Comparability of Treatment.
Focus on Climate Action and Economic Outlook
At the G20 finance ministers and central bank governors’ meeting under the Brazilian presidency in Sao Paulo, Al-Jadaan underscored the importance of a holistic approach to effective climate action. He highlighted the integration of diverse sectors and the use of innovative technologies to manage emissions as key strategies.
Global Economic Discussions
Al-Jadaan also met with global economic leaders, including Jose Vinals of Standard Chartered Bank, Carlos Cuerpo of Spain, Jean Lemierre of Bank BNP Paribas, and other officials. Discussions focused on the regional and global economic outlook, enhancing bilateral relations, and attracting investment and alternative financing in Saudi Arabia.