Al-Jaddan: Global economy resilient but risk-prone
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan participated in a G20 meeting in Asheville, where he emphasized that the global economy has been able to withstand shocks, but has become more vulnerable to risks. He highlighted the importance of strengthening economic resilience through diversifying production, maintaining reserves, and developing infrastructure to ensure the capacity to face crises. During the meetings, he also discussed issues of growth and global balances, stressing that addressing economic imbalances requires a precise assessment of local and structural conditions, and that effective management of sovereign debts is essential to avoid larger financial crises, with a focus on developing a more resilient international system to tackle global debt challenges.
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