Saudi Arabia's Ministry of Finance reported on its delegation's participation in the 2026 World Bank Group and International Monetary Fund Annual Meetings, where Finance Minister Mohammed Aljadaan emphasized stronger international coordination, economic diversification and prudent use of fiscal buffers to address geopolitical tensions, trade disruption and rising debt. The IMF extended Aljadaan's term as chair of the International Monetary and Financial Committee for one year, until January 2028. At the committee's meeting, members backed private sector-led growth, secure energy flows, freedom of navigation and stronger support for low-income and fragile countries facing debt and financing pressures. They also called for a strong, well-resourced IMF and said future quota and governance reform discussions should follow the Diriyah Guiding Principles to improve the fund's effectiveness and representation. In other meetings, Aljadaan called on the IMF and World Bank to ease pressure on public finances, tailor support to countries' circumstances and intensify assistance for conflict-affected economies, including Yemen and Syria, while developing solutions for Sudan and the State of Palestine. He also warned G20 finance ministers and central bank governors that attacks against Saudi Arabia pose a risk to the global economy.
Saudi Arabia's Ministry of Finance sets out global resilience priorities as Mohammed Aljadaan's IMFC chair term is extended to January 2028
Saudi Arabia's Ministry of Finance emphasized international coordination, economic diversification and prudent use of fiscal buffers during the 2026 World Bank Group and IMF Annual Meetings. The IMF extended Finance Minister Mohammed Aljadaan's term as chair of the International Monetary and Financial Committee until January 2028. Committee members also backed IMF quota and governance reform guided by the Diriyah Guiding Principles and stronger support for low-income, fragile and conflict-affected countries.