19 April 2018
His Excellency Mr. Mohammed Al-Jadaan, the Finance Minister of Saudi Arabia, will lead the Kingdom's delegation participating in the Spring Meetings of the International Monetary Fund (IMF) and World Bank, to be held in Washington, DC, from 20-22 April 2018. The delegation includes His Excellency Mr. Ahmed Alkholifey, Governor, e Saudi Arabian Monetary Authority (SAMA), His Excellency Mr. Yousef Al-Bassam, Vice Chairman and Managing Director of the Saudi Fund for Development, and a number of officials from the Ministry of Finance, Saudi Arabian Monetary Authority and the Saudi Fund for Development.
During the week, the Minister will attend the meetings of both the International Monetary and Financial Committee (IMFC) of the IMF and the Development Committee of the World Bank Group (WBG). The IMFC agenda includes a discussion on the global economic developments and challenges it faces, in addition to discussing the IMF’s agenda to enhance the performance of the global economy. The agenda of the Development Committee notably includes the theme of sustainable financing for sustainable development and its implications for the activities of the WBG. It will also discuss the progress made on the Forward Look 2030 of the WBG, which was adopted in 2016, including using the Bank’s resources strategically to meet development needs, and review progress towards realizing the WBG’s forward Look agenda.
On the sidelines of the IMF-World Bank Spring Meetings, the Minister will be attending the meeting of Finance Ministers and Central Bank Governors of the G-20, which will be held on 19 and 20 April 2018. The agenda of the meeting includes resent developments in the global economy, the framework for the strong sustainable, inclusive and balanced growth, infrastructure as an asset class, the future of work and a number of other topics.
The Minister will also participate in the joint meeting between the Managing Director of the IMF and the Finance Ministers and Central Bank Governors of the Middle East and North Africa (MENA) Region. The meeting will highlight the economic developments in the Middle East and North Africa region, focusing on the importance of promoting inclusive growth.