His Excellency the Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), Mr. Mohammed Aljadaan, participated in Macro Week at the Peterson Institute for International Economics (PIIE), held on October 21, 2024 in Washington, D.C. on the sidelines of the 2024 International Monetary Fund (IMF) and World Bank Group (WBG) Annual Meetings.

During his speech, Minister Aljadaan emphasized the importance of strengthening multilateral action not only to address current risks, but also to promote future sustainable economic growth and human development. He noted that low-income nations are the most affected by challenges facing the global community.

Minister Aljadaan also noted that it is essential that internationalfinancial institutions continue to adjust quickly and decisively to solve tough global challenges such as poverty and inequality.'MDBs need to increase their focus on capacity-building, as well as provide the support and advice needed' he said.

PIIE is considered one of the key global research organizations, providing policy analyzes and practical solutions to strengthen the global economy resilience through the participation of elite specialists in this field.

The PIIE Macro Week aims to convenefinance ministers, central bankers, government officials, and business leaders from around the world to discuss macroeconomic issues, as well as explore ways to strengthen global economic stability and growth.