The Kingdom of Saudi Arabia’s delegation, headed by His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan,concluded its participation in the 2026 International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings, held in Washington, D.C. April 13-18, 2026.
This year, the Kingdom’s participation showcased its leading role in fostering multilateral cooperation. A key result of this participation was the Kingdom’s leadership of the International Monetary and Financial Committee (IMFC) in adopting the Diriyah Guiding Principles, which represent one of the most significant reforms to IMF governance and quotas in over 15 years.
H.E. Minister Aljadaan also participated in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) Ministers and Governors Meeting, along with IMF Managing Director Ms. Kristalina Georgieva. During the meeting, he stressed the importance of strong coordination, sound policymaking, and accelerated reforms to support macroeconomic stability and strengthen fiscal space, enabling the region to better respond to external shocks.
Minister Aljadaan also emphasized during a panel discussion entitled, “Debate on the Global Economy: Policies for Stability, Resilience & Prosperity,” that Saudi Arabia has demonstrated high economic resilience in navigating global shocks, noting that progress continues towards achieving the objectives of Saudi Vision 2030.
During the World Bank Group’s Development Committee Meeting, H.E. Minister Aljadaan said that the ongoing conflict in the Middle East will have cascading and overlapping shocks than no single country can absorb alone, underscoring the imperative of a coordinated multilateral response. He highlighted the importance ofresilience building, noting that the Kingdom’s 50-year contingency investment is now fully operational through the East-West pipeline, reinforcing international integration and trade continuity.
On the sidelines of the Spring Meetings, Minister Aljadaan met with a number of ministers, as well as leaders of international financial institutions and global corporations, discussing ways to enhance economic cooperation and strengthen bilateral relations.
The Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, Mr. Abdullah A. BinZaraah, participated in the Regional Economic Outlook (REO) Roundtable Meeting, and the “Leadership Dialogue on Capacity Development in Africa”. In addition, the Saudi Deputy Minister of Finance for International Relations Mr. Khalid Bawazier participated in the Global Sovereign Debt Roundtable.
The Kingdom’s participation in the 2026 Spring Meetings underscores its continued role as a reliable partner in supporting global economic stability and advancing multilateral cooperation, while contributing to the development of international financial governance in a manner that enhances resilience and supports sustainable growth.
Source: Riyadh Daily