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Finance Minister Mohammed Al-Jadaan confirmed that the world is currently facing challenging economic conditions characterized by uncertainty, including fragmentation, geopolitical conflicts, trade tensions, and debt risks, all of which threaten development goals. He pointed out that the OPEC Fund for International Development has helped improve living conditions in low- and middle-income countries over the past fifty years by supporting sustainable development, clean energy, and economic opportunities. He explained that addressing these challenges requires long-term resilience and investments in infrastructure, food security, health, and education, with an emphasis on locally focused policies aimed at diversifying sources of income.
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