Business · Economy · 11 hrs ago
Saudi Arabia calls for stronger global economic resilience at IMF meetings
Saudi Finance Minister Mohammed Al-Jadaan represented the kingdom at annual meetings of the International Monetary Fund and World Bank in Bangkok, Thailand, from October 12 to 17.
He told G20 finance officials that attacks on Saudi Arabia pose a risk to the global economy.
At talks on international economic policy, officials discussed growth and stability amid geopolitical and trade tensions, supply-chain disruption and rising public debt.
Al-Jadaan said countries should manage their resources carefully and strengthen economic, energy and food security to withstand shocks.
He urged the World Bank to help countries create jobs, support local businesses and build stronger links to global supply chains.
He also called for more support for conflict-affected countries, including Yemen, Syria, Palestine and Sudan, and Saudi officials discussed Syria's recovery and reconstruction with the World Bank and donor countries.
Saudi Finance Minister Mohammed Al-Jadaan called for economic diversification and stronger resilience to help economies withstand shocks at the 2026 IMF and World Bank annual meetings.
He said attacks on Saudi Arabia posed a risk to the global economy and highlighted the country’s role in strengthening global resilience.
The meetings addressed geopolitical and trade tensions, supply-chain disruption, debt burdens and ways to support global growth and stability.
Participants backed policies supporting private-sector-led growth, international cooperation, secure energy flows and a well-resourced International Monetary Fund.
Saudi Arabia’s delegation also called for more support for conflict-affected countries, including Palestine and Sudan.
- Who
- Saudi Finance Minister Mohammed Al-Jadaan and Saudi Arabia’s delegation.
- What
- Saudi Arabia called for stronger global economic resilience, including through diversification, effective management of financial resources and resilient supply chains.
- When
- The annual meetings took place from October 12 to 17, 2026.
- Where
- Bangkok, Thailand.
- Why
- To address economic shocks and risks linked to geopolitical and trade tensions, supply-chain disruptions and rising public debt.
This story does not have two clearly opposing sides.
The World Bank Group and IMF annual meetings were held in Bangkok.
Al-Jadaan told a G20 finance ministers and central bank governors meeting that attacks on Saudi Arabia posed a risk to the global economy.
The IMF announced that Al-Jadaan’s term as chair of its International Monetary and Financial Committee had been extended by one year, until January 2028.
- Host city
- Bangkok, Thailand
- Meeting dates
- October 12–17, 2026
- Saudi finance minister
- Mohammed Al-Jadaan
- IMFC chair extension
- One year, until January 2028
- Countries cited for expanded support
- Palestine and Sudan
5 sources
الجدعان: الاعتداءات على السعودية تشكّل خطراً على الاقتصاد العالمي
وزير المالية السعودي: تنويع الاقتصاد يعزز الصمود في مواجهة الصدمات
What people are saying
Diversifying the economic base, enhancing energy and food security, and increasing the resilience of supply chains are fundamental pillars for building more resilient economies.
Crises provide opportunities to accelerate progress, and the decisions taken today contribute to laying the foundations for a stronger and more prosperous future for generations to come.
Posts on X
أكدت مديرة صندوق النقد الدولي كريستالينا جورجييفا، أن إصلاحات #السعودية الاقتصادية قبل الحرب ساعدتها على التأقلم مع الأزمة الحالية، وذلك ردا على سؤال لـ "الشرق بلومبرغ" بينت أن تنويع الاقتصاد ونمو القطاع غير النفطي في دول الخليج أسهم ببناء هوامش أمان مالية