IMF extends Al-Jadaan's Committee Chairmanship

The tenure of Saudi Finance Minister Mohamed bin Abdullah Al-Jadaan as Chair of the International Monetary and Financial Committee (IMFC) of the International Monetary Fund (IMF) has been extended for an additional year until January 2028, following the unanimous agreement of the member countries and support from the Fund's Executive Board. This extension comes in recognition of his success in promoting international consensus on economic and financial issues, especially amid global economic challenges. It also aims to strengthen dialogue and multilateral cooperation. The committee, as a high-level advisory body, guides the IMF's priorities and discusses key issues related to the international financial system. It represents 191 countries and includes 25 ministers and central bank governors.

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