Riyadh - Mubasher: The Kingdom of Saudi Arabia concluded the third meeting of the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC) Deputies, which was held under the Kingdom's presidency in Diriyah from April 6 to 7, 2025, in partnership between the Saudi Ministry of Finance and the International Monetary Fund (IMF).

In his opening remarks, Finance Minister Mohammed bin Abdullah Al-Jadaan highlighted the importance of cooperation to ensure global financial stability and strong, inclusive economic growth, noting that the International Monetary Fund has demonstrated a degree of resolve by adapting to ongoing global changes, according to the Saudi Press Agency (SPA).

For her part, the Managing Director of the International Monetary Fund, Dr. Kristalina Georgieva, commended the Kingdom of Saudi Arabia's continued and strong support for the IMF. She noted that the IMF has contributed to strengthening financial and macroeconomic stability, as it did 80 years ago, amidst major shifts in global politics. She noted that the Fund's 191 member countries can rely on it as a trusted advisor.

During the high-level panel discussions, the committee's representatives discussed several topics related to ways to enhance global financial stability and inclusive development, as well as the challenges facing the global economy as a result of uncertain trade flows and their impact on capital flows in advanced and developing economies.

They addressed the impact of rising debt on infrastructure investments and jobs, as well as the opportunities and risks arising from technological and demographic shifts, highlighting the role of the International Monetary Fund in supporting countries through financial stability programs and coordinating regional financial arrangements.

It's worth noting that the Kingdom's chairmanship of the International Monetary and Financial Committee (IMFC) of the International Monetary Fund (IMF) affirms its regional and international standing, its strong commitment to strengthening multilateral action, and its pivotal role in supporting stability and growth in the global economy.

The committee discusses issues related to promoting global economic growth and ways to ensure its financial stability, in addition to the challenges it faces and the policies recommended to address them.

The committee is a key platform for discussing the strategic directions of the IMF's work and policies. It comprises 25 members, including finance ministers and central bank governors from developed and developing countries.