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Saudi Arabia and South Korea explore economic ties
Saudi Finance Minister Mohammed Al-Jadaan discussed with his South Korean counterpart, Lee Hyung-il, ways to strengthen financial and economic cooperation between the two countries during their meeting on the sidelines of the World Bank and International Monetary Fund meetings in Bangkok in 2026. Al-Jadaan emphasized that crises present opportunities to accelerate progress through decisions that support a stronger and more prosperous future. He stressed the importance of the private sector's role in enhancing global supply chains and investing in local content. Additionally, he called for increased support from the World Bank for fragile and conflict-affected countries, especially Palestine, and urged leveraging partnership experiences with international financing institutions to expand concessional financing.
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