The International Monetary Fund and Saudi Arabia will jointly organize a high-level annual conference on challenges and opportunities facing emerging market economies.
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) and Mohamed Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia issued a joint statement on Wednesday, November 13, 2024 confirming that the IMF and Saudi Arabia will host the first edition of a high-level annual conference on challenges and opportunities facing emerging market economies in Al-Ula, Saudi Arabia on February 16-17, 2025.
“The world is confronting deeper and more frequent shocks, including from conflicts, geoeconomic fragmentation, pandemics, climate change, food insecurity, and the digital divide. If not addressed adequately, these shocks put at risk emerging market economies’ hard-won improvements in living standards. Such setbacks would affect large segments of the world population and put at risk global growth and macro-financial stability.”
“The Al-Ula Conference for Emerging Market Economies will convene a select group of emerging markets’ ministers of finance, central bank governors, and policymakers, as well as public and private sector leaders, international institutions, and academia. It will offer a unique platform to exchange views on domestic, regional and global economic developments and discuss policies and reforms to spur inclusive prosperity and build resilience supported by strong international cooperation.”
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