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Saudi Govt Praises KSrelief for Implementing Projects in 100 Countries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
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Saudi Govt Praises KSrelief for Implementing Projects in 100 Countries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chairs the cabinet meeting in Jeddah on Tuesday. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired on Tuesday the weekly cabinet meeting that was held in Jeddah.

The cabinet was briefed on the message sent by King Salman to Iran’s President Masoud Pezeshkian and the telephone call received by Prince Mohammed bin Salman, Crown Prince and Prime Minister, from French President Emmanuel Macron.

The cabinet discussed cooperation and joint work with various countries and organizations, carried out in the past week, to boost the Kingdom's position, and its regional and international role, serve common interests, and support stability and prosperity in the region and beyond.

The ministers commended the King Salman Humanitarian Aid and Relief Center (KSrelief) for implementing projects in 100 countries in collaboration with international partners. This underscores the Kingdom's commitment to delivering humanitarian aid and supporting communities affected by disasters and crises.

The cabinet also lauded the outcome of the 9th Conference of Ministers of Awqaf and Islamic Affairs, convened in Makkah to strengthen Islamic solidarity, advocate moderation, and address the concerns of the Muslim world, thereby fostering unity and stability.

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Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
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Saudi Arabia Concludes Third IMFC Deputies Meeting

The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA
The Kingdom's chairmanship of the IMFC is a testament to its strong commitment to promoting multilateralism and reflects its leading role in supporting regional and global economic growth. - SPA

The Kingdom of Saudi Arabia concluded the third deputies meeting for the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC), which was held under the Saudi chairmanship in Diriyah on April 6-7, and co-organized by the Ministry of Finance and the IMF.
During his opening speech, Minister of Finance Mohammed Aljadaan praised the efforts of the IMF's leadership and the members of the IMFC in guiding the IMF during challenging times. He also emphasized the importance of collaboration to ensure global financial stability and strong, inclusive economic growth. "The IMF has shown resilience by adapting to the ever-changing global landscape," Minister Aljadaan said.
In her opening speech, Managing Director of the International Monetary Fund Dr. Kristalina Georgieva expressed her gratitude for Saudi Arabia's ongoing and robust support for the IMF and the strong leadership of the IMFC, SPA reported.
"Amid significant global policy changes, the IMF's mission to foster macroeconomic and financial stability remains just as essential as it was 80 years ago. Our 191 member countries can rely on the IMF as a trusted advisor," she said.
The IMFC deputies discussed several topics during the high-level discussion sessions, including ways to enhance global financial stability and inclusive development. They addressed the challenges facing the global economy due to uncertainty in trade flows and its impact on capital in both advanced and developing economies. Emphasis was placed on the effect of high debt levels on investments in infrastructure and jobs and the opportunities and risks arising from technological and demographic shifts.
Additionally, they discussed the IMF's role in supporting countries through financial stability programs and coordinating regional financial arrangements.