With Ambitious Vision and Effective Collaboration Saudi Ministry of Finance and IMF Conclude AlUla Conference for Emerging Market Economies

February 26, 2025 02:01 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

ALULA, Saudi Arabia, Feb. 25, 2025 /PRNewswire/ -- The Saudi Ministry of Finance, in collaboration with the International Monetary Fund (IMF), concluded the AlUla Conference for Emerging Market Economies after two days of intensive sessions that brought together finance ministers, central bank governors, and other decision-makers and economic experts from around the world. The conference served as a platform for dialogue and cooperation to address the economic challenges facing emerging markets amidst the structural transformations of the global economy.

The sessions covered a range of key topics, with a focus on monetary and fiscal policies, sovereign debt policy and management, and the role of technology and AI in supporting economic development. Speakers highlighted the challenges facing emerging market economies, such as sluggish growth, high financing needs and costs, and rising levels of public debt. There was a strong emphasis on international collaboration to achieve durable economic and financial stability.

The discussions provided valuable insights into innovative solutions to enhance financial stability and boost development in emerging markets. The conference also highlighted successful experiences of countries that have overcome economic challenges through structural reforms, investments in technology, and strengthened collaboration with international financial institutions.

The conference featured the signing of several key bilateral agreements and Memoranda of Understanding (MoU) between the Saudi Finance Ministry and co-signing countries in order to enhance economic and financial cooperation. For example, H.E. Mohammed Aljadaan, the Saudi Finance Minister, and Nadia Fettah, Minister of Economy and Finance of Morocco, signed an MoU to strengthen collaboration in the financial sector. This agreement aims to facilitate the exchange of expertise in developing macroeconomic policies, financial regulations, and legislation, contributing to financial stability and supporting sustainable development in both countries.

The conference also included the signing of a debt restructuring agreement between the Arab Monetary Fund (AMF) and the Republic of Yemen, attended by H.E. Mr. Salem bin Breik, Yemeni Minister of Finance, and H.E. Fahad Alturki, Director General and Chairman of the Board of Executive Directors of the AMF. Supported by the Kingdom of Saudi Arabia, the agreement supports the objectives to achieve economic stability in Yemen and enhance its ability to face current financial challenges.

As part of efforts to promote investment in infrastructure projects, the Saudi Ministry of Finance and the Asian Infrastructure Investment Bank (AIIB) signed a joint statement aimed at fostering investment in this sector within the Kingdom. The statement highlights Saudi Arabia's commitment to advancing its infrastructure development and reinforcing its partnerships with international financial institutions.

The AlUla Conference for Emerging Market Economies is a prominent global platform that aims to foster dialogue and cooperation between countries to address common economic challenges. The organization of this conference reaffirms the commitment by Saudi Arabia and the IMF to support emerging market economies and promote financial and economic stability at the regional and international levels.

Read More: https://alulaemde.info/


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.