The Executive Director representing the Kingdom of Saudi Arabia, Mr. Maher H. Mouminah, has been selected as Chair of the Committee on Administrative Matters (CAM) at the International Monetary Fund (IMF). The Committee includes, as members, the Executive Directors representing the United States of America, Germany, China, Thailand, the Netherlands, Madagascar and Hungary.
This decision reflects the remarkable status that the Kingdom holds globally and the international trust in the Executive Director representing the Kingdom of Saudi Arabia to assume the duties of this committee, which performs an essential role for the Executive Board at the International Monetary Fund.
The Committee on Administrative Matters aims to support the Executive Board in overseeing the administrative policies relating to the Executive Directors, and their offices. The crucial role of the CAM includes but is not limited to: considering and reporting decisions on several aspects including efficiency improvements and streamlining of administrative policy relating to the Executive Directors, and their offices; developing, considering, and reporting on budgetary proposals for the Offices of Executive Directors and to carry out those related budgetary responsibilities assigned to the Committee by the Board.
The IMF Executive Board is composed of 24 Directors, representing the 190 member countries. It is responsible for conducting the day-to-day operations of the IMF.