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.



Saudi Arabia Expresses Concern Over India-Pakistan Escalation

Indian security personnel inspect the site of a militant attack on tourists at Pahalgam in Indian controlled Kashmir, Wednesday, April 23, 2025. (AP Photo, File)
Indian security personnel inspect the site of a militant attack on tourists at Pahalgam in Indian controlled Kashmir, Wednesday, April 23, 2025. (AP Photo, File)
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Saudi Arabia Expresses Concern Over India-Pakistan Escalation

Indian security personnel inspect the site of a militant attack on tourists at Pahalgam in Indian controlled Kashmir, Wednesday, April 23, 2025. (AP Photo, File)
Indian security personnel inspect the site of a militant attack on tourists at Pahalgam in Indian controlled Kashmir, Wednesday, April 23, 2025. (AP Photo, File)

Saudi Arabia on Wednesday expressed concern over the escalating tension between India and Pakistan and the continued exchange of fire along the border areas.
A statement issued by the Saudi Foreign Ministry said the Kingdom called on both nations to de-escalate and resolve their disagreements through diplomatic channels.

It also called on them to uphold the principles of good neighborliness, and strive for stability and peace in a manner that serves the interests of their people and the region.