Saudi Minister of Finance Mohammed Aljadaan headed the Kingdom's delegation participating in the 124th meeting of the Gulf Cooperation Council’s (GCC’s) Financial and Economic Cooperation Committee, held Thursday in the State of Kuwait.
The meeting was chaired by Kuwait's Minister of Electricity, Water and Renewable Energy, acting Minister of Finance, and Minister of State for Economic Affairs and Investment Subaih Al-Mukhaizeem – the current session’s chair – with the participation of the finance ministers of the GCC countries and GCC Secretary-General Jasem Mohammed Albudaiwi, the Saudi Press Agency reported on Friday.
During the meeting, the finance ministers reviewed topics related to promoting financial and economic cooperation between the GCC countries and following up on developments to achieve this.
In this context, participants discussed the progress made by the Customs Union Authority and the course of its program, which supports the completion of the Customs Union requirements. Also discussed was the periodic report on the implementation of the Gulf Common Market tracks.
Aljadaan participated in the meeting between the GCC finance ministers and central-bank governors with International Monetary Fund (IMF) Managing Director Kristalina Georgieva on the sidelines of the 124th meeting of the Financial and Economic Cooperation Committee.
The meeting highlighted the paper prepared by the IMF on “Enhancing Resilience to Global Shocks: Economic Prospects and Policy Challenges for the Gulf Cooperation Council Countries (2025).”
