Washington: The Saudi Arabian delegation attending the World Bank and International Monetary Fund (IMF) annual meetings is now taking place in Washington. Minister of Finance Mohammed Al-Jadaan is leading it.
Sultan Al-Marshad, CEO of the Saudi Fund for Development (SFD), Dr. Fahad Almubarak, Governor of the Saudi Central Bank (SAMA), and other representatives from the Ministry of Finance, Saudi Central Bank, and the Saudi Fund for Development make up the delegation.
The minister will be present at the World Bank Group’s Development Committee and the International Monetary and Financial Committee (IMFC) sessions (WBG).
Its Managing Director’s Global Policy Agenda (GPA) on international economic policies and problems. Such as high inflation rates and constricting financial conditions. The IMFC will discuss rising food insecurity.
The debate will outline what the IMF can do to ease these burdens. Offer assistance to achieve an inclusive recovery. It will establish the necessary global and national policy solutions to address these issues.
The Development Committee will talk about how the world is developing, food security problems, and energy access. It will talk about the lack of funding for sustainable development objectives.
The Development Committee will also discuss the costs and learning losses that the COVID-19 pandemic has had on children, young people, and productivity.
The Saudi finance minister will attend the combined meeting of the G20 finance and agriculture ministers on Wednesday. The gathering will coincide with those of the World Bank and IMF.
The key obstacles to global food security against which the meeting will be planned. It will go through current events and consider remedies. It will lay out the strategy for tackling the problems with food security.
The minister and governor will also be present at the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting on October 12 and 13, 2022, which Indonesia will host.
The gathering will encourage deeper conversations on the threats to global economic recovery. That has emerged since their July meeting.
In addition to concerns associated with rising inflation, tightening monetary policy, and declining food security.
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FMCBG will also go through policy solutions to the current problems with the world economy. Among them is how to keep the G20 functioning.
As a productive platform for economic cooperation in changing macroeconomic conditions.