Saudi Arabia and the International Monetary Fund (IMF) will be hosting an annual high-level conference in the Saudi city of Al-Ula on February 16-17, 2025. The conference, known as the AlUla Emerging Markets Conference, aims to address the challenges facing emerging market economies and explore the opportunities available to them. The announcement was made in a joint statement issued by Saudi Minister of Finance Mohammed Al-Jadaan and IMF Managing Director Kristalina Georgieva. The conference will bring together a distinguished group of finance ministers, central bank governors, policymakers, and public and private sector leaders from emerging markets, as well as representatives from international institutions and academia.
The AlUla Emerging Markets Conference will provide a platform for participants to exchange views on local, regional, and global economic developments and discuss policies and reforms aimed at stimulating inclusive prosperity and building resilience. The statement highlighted the challenges faced by emerging economies, including conflicts, geo-economic fragmentation, pandemics, climate change, food insecurity, and the digital divide. Failure to address these shocks effectively could risk the hard-won improvements in living standards achieved by emerging market economies, affecting large segments of the world’s population and posing a threat to global growth and macro-financial stability.
In response to these challenges, the IMF and Saudi Arabia have agreed to co-host the annual high-level conference to address the issues facing emerging market economies and explore the opportunities available to them. The first event in the series will be held in AlUla, Saudi Arabia in February 2025. The conference aims to foster strong international cooperation, exchange ideas on policy reforms, and promote inclusive prosperity. By bringing together key stakeholders from the public and private sectors, as well as academia, the conference seeks to develop solutions to the economic challenges faced by emerging markets and build resilience in the face of future shocks.
The AlUla Emerging Markets Conference will focus on discussing policies and reforms that can stimulate economic growth and development in emerging market economies. Participants will explore ways to build resilience against external shocks and promote inclusive prosperity for all segments of society. By fostering international cooperation and collaboration, the conference aims to address the challenges facing emerging economies and identify opportunities for sustainable growth and development. The event will provide a unique opportunity for leaders in finance, policymaking, and academia to exchange views and ideas on economic issues affecting emerging markets and to work towards implementing effective solutions.
The annual high-level conference in AlUla will serve as a platform for participants to share best practices, exchange ideas, and collaborate on policy reforms to address the challenges facing emerging market economies. By bringing together a diverse group of stakeholders, including finance ministers, central bank governors, policymakers, and public and private sector leaders, the conference aims to foster dialogue and cooperation on economic issues affecting emerging markets. The event will provide a valuable opportunity for participants to learn from each other, build partnerships, and develop innovative solutions to promote inclusive prosperity and build resilience in the face of global economic challenges.
In conclusion, the AlUla Emerging Markets Conference will play a crucial role in addressing the challenges facing emerging market economies and exploring the opportunities available to them. By fostering international cooperation, promoting policy reforms, and stimulating inclusive prosperity, the conference aims to build resilience and promote sustainable growth in emerging markets. The annual event in AlUla will provide a valuable platform for leaders in finance, policymaking, and academia to exchange views, share ideas, and collaborate on solutions to the economic challenges facing emerging economies. Through dialogue and collaboration, the conference will contribute to the development of innovative strategies to address the challenges and opportunities in emerging markets, ultimately working towards a more prosperous and resilient global economy.
