Al-Jadaan stresses the importance of the role of financial bodies in supporting the economic stability of Arab countries
Confirmed Minister of Finance Mohammed bin Abdullah Al-Jadaan The importance of the role played by this Financial bodies in supporting economic and financial stability and promoting sustainable development in Arab countries, pointing to the need to continue developing financing tools, raising the efficiency of institutional performance, and enhancing integration between financial bodies in a way that contributes to confronting regional and international economic challenges.
This came while Al-Jadaan headed on Monday the delegation of the Kingdom of Saudi Arabia participating via video conference in the joint annual meetings of Arab financial bodies for the year 2026 AD, with the participation of governors and representatives of member states, to discuss the most prominent economic and financial developments, and ways to enhance Arab action. Joint development and investment fields.
The Saudi delegation includes Deputy Minister of Finance Abdul Mohsen bin Saad Al-Khalaf, and Assistant Minister of Finance for Macro-Financial Policies and International Relations Eng. Abdullah bin Abdul Rahman bin Zaraa, Assistant Governor of the Central Bank of Saudi Arabia for Executive Affairs Abdul-Ilah Al-Dahim, and Undersecretary for International Relations at the Ministry of Finance Khaled Bawazir, in addition to a number of specialists from the Ministry of Finance and the Central Bank.
The meetings included the participation of a number of Arab financial bodies, namely: the Arab Fund for Economic and Social Development, the Arab Corporation for Investment and Export Credit Guarantee, the Arab Monetary Fund, the Arab Bank for Economic Development in Africa, and the Arab Investment Authority. And agricultural development, and the Badir Fund.
Raising the efficiency of resource management
During the meetings, Al-Jadaan pointed out the importance of governance and transparency, raising the efficiency of resource management, and linking financing initiatives to the direct development impact, in addition to supporting innovation in financial products and expanding the scope of their use, in a way that enhances economic growth and serves the interests of member states.
The Minister of Finance noted the progress achieved in the performance of a number of these bodies, calling for building on these gains, enhancing joint coordination, and exchanging expertise, which contributes to achieving more comprehensive and sustainable economic development at the level of the Arab region.
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