Global experts and institutions at the AlUla Conference for Emerging Market Economies
Preparing The Kingdom of Saudi Arabia to host the second edition of AlUla Conference Al-Ula Governorate, in partnership between the Saudi Ministry of Finance and the International Monetary Fund.
With broad participation from finance ministers, central bank governors, and policy makers, in addition to the leaders of international financial institutions and economists from various countries of the world.
The conference is being held in light of the rapid transformations taking place in the global economy, which requires emerging market economies to enhance their flexibility and seize new opportunities to ensure sustainable growth and improve living standards, which will reflect positively on economic stability. The conference embodies the strength of the strategic partnership between the Ministry of Finance and the International Monetary Fund, and also reflects the Kingdom’s growing role in supporting international economic dialogue and enhancing cooperation between countries.
A platform for exchanging views
The Minister of Finance, Mohammed bin Abdullah Al-Jadaan, stressed that the Kingdom’s hosting of the conference comes as an extension of its continued commitment to supporting international efforts aimed at enhancing financial and economic stability globally, noting that emerging market economies represent a pivotal element in the global economic system, due to their influence. Direct in its growth and stability.
He added: "The AlUla Conference for Emerging Market Economies provides a unique platform to exchange views on global economic developments, and discuss policies and reforms that would support comprehensive growth and enhance economic flexibility, in light of broader international cooperation that contributes to confronting common challenges."
Ways to deal with risks
The Director General of the International Monetary Fund, Kristalina Georgieva, explained that the conference provides a vital platform for emerging market economies to discuss ways to deal with risks and seize the opportunities available in the next stage.
She pointed out that the broad transformations taking place in the global economy, driven by technology, demographic and geopolitical changes, impose a more complex and uncertain environment, which calls for enhancing flexibility through rational macroeconomic and financial policies.
Supporting economic reform paths
Participants in the conference will work to exchange experiences, coordinate policies, and support economic reform paths, enabling these countries to benefit from global economic transformations and achieve more comprehensive and sustainable growth.
The conference also aims to raise the level of international awareness of the challenges facing emerging market economies, and highlight successful experiences in building innovative solutions that enhance international cooperation, support attracting investments, and contribute to improving living standards and achieving economic prosperity.
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