‎Saudi investments curb impact of energy shock: Al-Jadaan

‎Saudi investments curb impact of energy shock: Al-Jadaan ‎Saudi investments curb impact of energy shock: Al-Jadaan

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Saudi Minister of Finance, Mohammed Al-Jadaan

Mohammed Al-Jadaan, Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), said that the global economy is showing remarkable resilience and continues to grow despite challenge. Most GCC countries have implemented structural reforms that helped them respond to shocks.

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Saudi investments have limited the impact of the energy shock, he remarked at the IMFC’s 54th meeting in Bangkok

Some countries in the region were on a strong economic footing when the conflict began, he added.

On inflation, Al-Jadaan said that the independence of central banks is critical for price stability.

Higher sovereign bond yields exacerbate vulnerabilities, and that a rise in public debt increases financial risks.

Elsewhere, the IMF emphasized that artificial intelligence (AI) technologies have contributed to stable growth.

 

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Saudi Minister of Finance, Mohammed Al-Jadaan

Mohammed Al-Jadaan, Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), said that the global economy is showing remarkable resilience and continues to grow despite challenge. Most GCC countries have implemented structural reforms that helped them respond to shocks.

Saudi investments have limited the impact of the energy shock, he remarked at the IMFC’s 54th meeting in Bangkok

Some countries in the region were on a strong economic footing when the conflict began, he added.

On inflation, Al-Jadaan said that the independence of central banks is critical for price stability.

Higher sovereign bond yields exacerbate vulnerabilities, and that a rise in public debt increases financial risks.

Elsewhere, the IMF emphasized that artificial intelligence (AI) technologies have contributed to stable growth.

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