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The International Monetary Fund extended the tenure of Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan as Chair of the International Monetary and Financial Committee for an additional year until January 2028, following approval from all committee members and support from the Fund's Executive Board. This extension recognizes the success of Saudi leadership in fostering international consensus on economic and financial issues amidst increasing global challenges and changes. The Committee is the IMF's top advisory body, setting the priorities for the global monetary and financial system, with the participation of 191 countries represented by 25 finance ministers and central bank governors.
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