Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia, led his country's delegation to the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB) held in Bali, Indonesia, during the period October 12-14, 2018. Al-Jadaan participated in the meetings of the IMF International Monetary and Financial Committee and the Development Committee of the World Bank Group. The meetings were attended by Al-Jadaan's accompanying delegation, including Mohammed bin Mazyad Al-Tuwaijri, Minister of Economy and Planning; Dr. Ahmad bin Abdulkarim Al-Khulaifi, Governor of the Saudi Arabian Monterrey Agency (SAMA), and a number of senior officials. In his speech before the IMF International Monetary and Financial Committee, Al-Jadaan affirmed that the global economy continued to improve despite the slow growth momentum, the high level of trade-related risks and the high levels of public and private debt in many countries, stressing the importance of promoting economic integration, trade exchange and intensifying efforts to promote international cooperation. The Minister of Finance reviewed the latest developments in the Saudi economy, pointing out that the remarkable progress in the implementation of large-scale economic and social reforms, coinciding with the high level of private sector participation in the economy. He also asserted the improvement in the performance of the public finances with the marked decrease in the deficit levels in addition to the exerted efforts to create more job opportunities, particularly among the young people and women, and improve the business environment, highlighting the Kingdom's active role and contribution to support the stability in the world oil markets. --More 19:13 LOCAL TIME 16:13 GMT 0024 www.spa.gov.sa/1828144
