Saudi Arabia’s Minister of Finance, Mr. Mohammed Aljadaan, addressed the Fifty-First Meeting of the International Monetary and Financial Committee (IMFC). The global economy is at a critical juncture, with rising trade tensions leading to uncertainty, market volatility, and risks to growth and financial stability. Near-term growth is expected to slow, while disinflation continues at a slower pace. The minister emphasized the need to strengthen economic resilience and harness transformative forces such as digitalization and artificial intelligence to build a more prosperous future. Comprehensive reforms are necessary to boost private sector-led growth, productivity, and job creation. The IMF plays a crucial role in navigating this challenging environment.
— new from International Monetary Fund
