Riyadh – The delegation from Saudi Arabia is being led by Mohammed Al-Jadaan, the country’s finance minister, during the World Bank and IMF 2023 Spring Meetings, which are taking place in Washington, DC, from April 10 to 16.
The second gathering of G20 finance ministers and central bank governors will also be attended by the finance minister.
Along with Al-Jadaan, the delegation also consists of Sultan Almarshad, the CEO of the Saudi Fund for Development, and Ayman Alsayari, the governor of the Saudi Central Bank.
The mission will also include the Deputy Minister for International Affairs Ryadh Alkhareif, the Deputy Minister for Macro-Fiscal Policies Thamer Aljared, and the Assistant Minister of Finance for Macro-Fiscal Policies and International Relations Abdulmuhsen Alkhalaf of Saudi Arabia. Other experts from SAMA, SFD, and the Kingdom’s Zakat, Tax, and Customs Authority will also be included in the contingent.
Al-Jadaan will specifically take part in the World Bank Group meetings of the International Monetary and Financial Committee and the Development Committee.
The combined groups are anticipated to assess the institutions’ work’s progress and further discuss any difficulties.
In addition to addressing the development committee, the IMFC will talk about changes in the world economy and give the IMF instructions on these changes and priorities for the upcoming time.
On the other hand, the World Bank Group’s DC is tasked with identifying issues that are relevant to development and coming up with solutions.
On April 12 and 13, the second gathering of central bank governors and finance ministers of the G20 will also take place. The group will explore several dangers to the global economic recovery that have emerged since their initial meeting in February of last year, as well as strategies for effectively addressing them.
The second G20 summit is anticipated to provide light on other crucial topics affecting the world economy, including international financial stability, reducing greenhouse gas emissions, and sustainable development.
The meeting’s objectives are to improve policy coordination among its participants, advance financial laws that lower risks and avert future financial crises, and develop a new global financial system.
The Spring Meetings will bring together central bankers, ministers of finance and development, legislators, business executives, and members of civil society organisations to talk about global issues like the outlook for the world economy, the fight against poverty, economic development, and the efficacy of aid.