The IMF and the Kingdom of Saudi Arabia to Hold a High-Level Annual Conference on Emerging Markets
IMF News, November 14, 2024
Source details
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- The IMF and the Kingdom of Saudi Arabia to Hold a High-Level Annual Conference on Emerging Markets
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Bibliographic details
- Published: November 14, 2024
Joint statement and purpose
- Issuers: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) and His Excellency Mr. Mohamed Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia (also referenced as His Excellency Mr. Mohammed Aljadaan).
- Press Release No.: 24/418
- Core message: The IMF and the Kingdom of Saudi Arabia have agreed to organize jointly a high-level annual conference on challenges and opportunities facing emerging market economies, to promote exchange on policies and reforms that spur inclusive prosperity and build resilience supported by strong international cooperation.
Rationale — risks and challenges cited
- The world is confronting deeper and more frequent shocks, including from:
- conflicts
- geoeconomic fragmentation
- pandemics
- climate change
- food insecurity
- the digital divide
- Warning: If not addressed adequately, these shocks put at risk emerging market economies’ hard-won improvements in living standards and could affect large segments of the world population and put at risk global growth and macro-financial stability.
Intended participants and format
- A select group of:
- emerging markets’ ministers of finance
- central bank governors
- policymakers
- public and private sector leaders
- international institutions
- academia
- Purpose: Offer a unique platform to exchange views on domestic, regional and global economic developments and discuss policies and reforms to spur inclusive prosperity and build resilience supported by strong international cooperation.
Contact and media
- Issued by: IMF Communications Department
- Date on page: November 14, 2024
- MEDIA RELATIONS — PRESS OFFICER: Wafa Amr
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Social: @IMFSpokesperson
International Monetary Fund, Press Release No. 24/418, November 14, 2024.