Saudi Arabia's Ministry of Finance published a readout of Finance Minister Mohammed Aljadaan’s participation, alongside Saudi Central Bank Governor Ayman Alsayari, in the fourth G20 Finance Ministers and Central Bank Governors meeting under South Africa’s presidency, held in Washington on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings. In his remarks, Aljadaan said global economic challenges could extend into 2026 and argued for improving, rather than retreating from, the multilateral trading system to strengthen trust and support long-term investment. He framed fiscal discipline and public debt sustainability as core to macroeconomic stability, supported by transparency, sound financial governance and more efficient public spending. Rapid innovation in artificial intelligence and digital assets was cited as a driver for proactive regulatory frameworks that balance opportunities and risk mitigation, with a call for international financial institutions to provide clearer guidance to help countries align national policies with global financial stability. On Africa, the speech focused on practical measures to reduce capital costs, mobilise private investment and support financial sustainability, and referenced Saudi Arabia’s financing of infrastructure, energy and health projects across more than 40 African countries, while positioning the G20 as a forum to advance global financial reforms and strengthen debt resolution frameworks.
Ministry of Finance (Saudi Arabia) 2025-10-18
Saudi Arabia's Ministry of Finance highlights fiscal discipline and AI and digital asset regulatory needs at G20 finance ministers meeting
Saudi Arabia's Finance Minister Mohammed Aljadaan, at the G20 Finance Ministers and Central Bank Governors meeting, emphasized enhancing the multilateral trading system to tackle global economic challenges. He highlighted fiscal discipline and public debt sustainability for macroeconomic stability, called for proactive regulatory frameworks for AI and digital assets, and stressed international financial institutions' role in aligning national policies with global financial stability.