Saudi Finance Minister on Economic Diversification
Saudi Arabia concluded its participation in the annual meetings of the World Bank Group and the International Monetary Fund for 2026 in Bangkok. During the event, Finance Minister Mohammed Al-Jadaan emphasized the importance of diversifying the economy to strengthen the Kingdom's resilience against economic shocks. He highlighted the need for efficient management of financial margins, easing pressures on public financing, and encouraging reforms that support growth led by the private sector. He also stressed the necessity of enhancing global economic stability through international cooperation and structural reforms, while maintaining a strong International Monetary Fund and sufficient resources to face future challenges. Additionally, he underlined the importance of providing special support to countries affected by conflicts, such as Yemen and Syria.
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