His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, participated in the first Finance Ministers and Central Bank Governors meeting (FMCBG) under the United States G20Presidency, held April 16, 2026 on the sidelines of the 2026 International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington, D.C.
During the meeting, Minister Aljadaan emphasized that global growth prospects are closely linked to geopolitical stability, noting that volatility in energy markets and disruptions to supply chains pose immediate challenges to global economic growth and financial stability. Underscoring the importance of maintaining stable and reliable energy markets as a key pillar for sustained global growth.
H.E. Minister Aljadaan further highlighted that proactive preparedness for global shocks and challenges is optimal remedy to address growth impediments, supported by enhancing policy clarity, improving labor market flexibility, and strengthening investment, alongside enabling the private sector to play a central role as a partner in designing and implementing reforms.
At the end of his participation, H.E. Minister Aljadaan stressed the importance of adopting a balanced approach to global imbalances by distinguishing between those reflecting economic fundamentals and those posing risks to stability, while taking into account country- specific circumstances.
Participants at this FMCBG meeting met to exchange views and coordinate policy approaches on global growth dynamics, macroeconomic imbalances, monetary and financial sector developments, digital assets, and sovereign debt issues in order to support international financial stability and sustainable economic outcomes
Source: Riyadh Daily