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Gulf Press > Gulf News > Saudi Arabia seeks IMF assistance for nations affected by conflicts
Gulf News

Saudi Arabia seeks IMF assistance for nations affected by conflicts

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Last updated: 2024/10/24 at 2:15 PM
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Saudi Finance Minister Mohammed Al-Jadaan, during the annual meetings of the International Monetary Fund and the World Bank in Washington, emphasized the importance of the IMF providing dedicated assistance to countries impacted by conflicts. He believes that systematic planning and continuous reforms are crucial for sustainable economic growth and presented Saudi Arabia’s efforts in economic diversification and achieving sustainable development. Al-Jadaan also met with US Treasury Secretary Janet Yellen to discuss ways to enhance economic and financial cooperation between the two countries.

As part of his visit to Washington, Al-Jadaan engaged in various meetings with key financial figures, including Chairman of BNP Paribas Jean Lemierre, Global Head of Official Institutions Coverage Laurent Leveque, Head of Debt Capital Markets Alexis Taffin, Global Head of Sovereign Ratings and Multilateral Lending Institutions Roberto Sifon, and Managing Director of the Agency Frank Gill. These meetings focused on discussing investment opportunities and the economic reforms taking place in Saudi Arabia.

Accompanied by Minister of Economy and Planning Faisal Al-Ibrahim and Governor of the Saudi Central Bank Ayman Al-Sayari, the finance minister also met with James Longsdon and Jan Friedrich from Fitch Ratings, as well as Anne van Praag and Marie Deron from Moody’s. These discussions centered around the reforms in the Kingdom and their impact on economic growth, particularly in relation to the goals outlined in Saudi Arabia’s Vision 2030.

Al-Jadaan’s participation in the IMF meetings highlighted the need for comprehensive assistance for countries facing conflicts, underlining the importance of sustainable economic growth through systematic planning and continuous reforms. His meetings with key financial figures and government officials in Washington aimed to enhance economic and financial cooperation between Saudi Arabia and the United States. The discussions focused on investment opportunities, economic diversification, and achieving sustainable development in the Kingdom.

The Saudi delegation, led by Al-Jadaan, participated in various meetings and discussions during the annual meetings of the International Monetary Fund and the World Bank in Washington. These meetings covered topics such as economic reforms in Saudi Arabia, investment opportunities, and enhancing economic and financial cooperation with the United States. The delegation stressed the importance of systematic planning and continuous reforms for sustainable economic growth, presenting Saudi Arabia’s efforts in economic diversification and achieving sustainable development.

Al-Jadaan’s meetings with key financial figures in Washington, including officials from BNP Paribas, Fitch Ratings, and Moody’s, focused on discussing economic developments in the Kingdom and the impact of the reforms taking place on achieving growth. These discussions highlighted the progress made in economic diversification and the implementation of Vision 2030 goals. Overall, the Saudi delegation’s participation in the IMF meetings aimed to address the challenges facing countries affected by conflicts and enhance economic cooperation on a global scale.

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News Room October 24, 2024
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