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Kingdom ends IMF and World Bank Meetings participation
The Saudi Arabian delegation concluded its participation in the 2026 Annual Meetings of the International Bank and International Monetary Fund in Bangkok, after a participation period from October 12 to 17. During the event, the International Monetary Fund announced the extension of Minister of Finance Mohammed bin Abdullah Al-Jadaan’s chairmanship of the International Committee for Monetary and Financial Affairs until January 2028. The meetings addressed global economic challenges such as geopolitical tensions, supply chain disruptions, and increasing debt burdens. They emphasized the importance of flexible economic policies and structural reforms led by the private sector. Al-Jadaan highlighted the significance of international cooperation and enhancing countries' resilience to crises, with a focus on supporting low-income and fragile nations, and directing efforts toward improving resource management and strengthening national economies.
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