The Kingdom of Saudi Arabia's delegation concluded its participation in the 2025 World Bank Group and International Monetary Fund (IMF) Spring Meetings, held in Washington, D.C. April 21-26. The delegation was led by His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan.
During the event, Minister Aljadaan participated in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) Ministers and Governors Meeting with the IMF Managing Director, highlighting the importance of stronger cooperation with regional and international financial institutions to ensure the effectiveness of the support provided to help countries adapt to global changes through experience and knowledge exchange, capacity building, and policy alignment.
He also participated in the Global Sovereign Debt Roundtable, where he noted that it is imperative to strengthen debt transparency, management, and creditor-debtor collaboration, and welcomed the progress made in implementing the G20 Common Framework for Debt Treatment, which serves as a cornerstone for advancing fair and comprehensive debt restructuring efforts, ensuring fiscal sustainability for heavily indebted countries and supporting their economic recovery.
During the World Bank Group's Development Committee Meeting, Minister Aljadaan said that gathering together, despite the current global challenges, is a valuable opportunity to enhance efforts and set differences aside in order to promote the growth of the global economy.
On the sidelines of the Spring Meetings, Minister Aljadaan met with a number of ministers, central bank governors, and heads of international commercial banks, discussing ways to enhance economic cooperation and bilateral relations.
His Excellency the Saudi Vice Minister of Finance, Mr. Abdulmuhsen Alkhalaf, participated in the J.P. Morgan Investor Seminar session entitled, "Saudi Arabia's Economy in the GCC: Opportunities and Challenges," during which he showcased the Saudi economy's development and investment opportunities under Saudi Vision 2030.
Vice Minister Alkhalaf also participated in the Lebanon Roundtable Meeting for "Recovery and Reconstruction Financing through the Lebanon Emergency Assistance Project", where he emphasized the importance of implementing the reforms agreed with the IMF and the World Bank, which would support Lebanon's economic recovery. And he also noted that knowledge and technical assistance are crucial for ensuring the sustainability of funding, as they contribute to the design of more effective policies, the strengthening of institutional capacity, and the successful implementation of reforms.
The Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, Mr. Abdullah A. BinZaraah participated in MENA Social Protection Roundtable, as well as the High-Level Capacity Development (CD) seminar entitled, "Empowering Data-Driven Policies Through Renewed Partnerships: Launching the Data for Decision (D4D) Fund Phase II".