Financial institutions

Saudi Arabia hosts annual joint meetings of Arab financial institutions

JEDDAH — Saudi Arabia will host the annual joint meetings of Arab financial institutions in Jeddah on Thursday, under the patronage of the Custodian of the Two Holy Mosques, King Salman.

The joint session will be chaired by Oman and will bring together Arab ministers of finance and economy, chairmen of the boards of Arab financial institutions, governors of Arab central banks, directors of Arab financial institutions, representatives of the International Monetary Fund and of the World Bank Group. , as well as the Islamic Development Bank Group, and experts and specialists in the financial and economic fields.

The meetings reflect the leading role of Arab financial institutions in laying the foundations for economic integration and joint Arab action. It will foster in-depth discussions on the most important financial and economic issues, including future plans and strategies in the areas of sustainable development in regional and international arenas and their impact on Arab economies.

Mohammed Al-Jadaan, Saudi Minister of Finance, said: “The Kingdom is delighted to host the joint annual meetings of Arab financial institutions, which provide an opportunity to review the results of the institutions’ work over the year. elapsed, assess what has been accomplished, and explore future prospects for strengthening the role of institutions in strengthening cooperation between Arab countries.

It should be noted that the Arab financial institutions hold their meetings in the spring of each year, during which the performance of each entity and the subjects on its agenda are reviewed, as well as the contribution to the financing of development projects in vulnerable countries. —SG