On Sunday, the Minister of Finance of Saudi Arabia, Muhammad Al-Jadaan, discussed with the Director General of the International Monetary Fund Kristalina Goroyeva the issue of opening a regional office of the Fund in Riyadh.
Finance Minister Muhammad Abdullah Al-Jadaan wrote on his Twitter account: “Today I met with the Director General of the International Monetary Fund Kristalina Georgieva and discussed with her the areas of cooperation between the Kingdom and the Fund, including capacity development. and the establishment of a regional office of the Fund in the city of Riyadh.”
During the meeting, Al Jadaan highlighted the Kingdom’s support for the Fund’s food crisis mitigation efforts, its ongoing support for countries in need of food and energy crises, and the Kingdom’s contribution last year to support the region and the hardest hit countries.
In a fruitful meeting, I reaffirmed the Kingdom’s support for the Fund’s efforts to mitigate the effects of the food crisis, its continued support for countries in need of overcoming the food and energy crisis, and the Kingdom’s contribution last year in support of the region and the most affected countries.
— Muhammad Abdullah Abdulaziz Al-Jadaan | Mohammed Aljadaan (@MAAljadaan) October 2, 2022
In addition, Saudi media reported that the Saudi Ministry of Finance will sign a memorandum of understanding on Monday regarding the establishment of a regional office of the International Monetary Fund in the Kingdom.
She said the move reflects the Kingdom’s position as the largest economy in the region and one of the most prominent economies in the G20.
The IMF expects the kingdom to become one of the fastest growing economies in the world, with its gross domestic product growing by 7.6% this year.
Nice to see you again ???????? Finance Minister Al-Jadaan. We talked about the strong economic performance of Saudi Arabia and its critical support for the region, as well as working together on global issues such as energy and food security. pic.twitter.com/VcSWpqPnEs
— Kristalina Georgieva (@KGeorgieva) October 2, 2022
Source: RT + Saudi media