A Saudi delegation headed by Finance Minister Mohammed Aljadaan has concluded its participation in the 2026 Annual Meetings of the World Bank Group and the International Monetary Fund in Bangkok, held from October 12 to 17, 2026 (1–6 Jumada Al-Awwal 1448 AH). During the meetings, the IMF announced that Aljadaan's term as Chair of the International Monetary and Financial Committee (IMFC) would be extended by one year, to January 2028.
Speaking at the third G20 Finance Ministers and Central Bank Governors meeting, held under the US presidency, Aljadaan told the session on “Current Economic Developments” that the attacks targeting the Kingdom pose a risk to the global economy, and that Saudi Arabia plays a key role in making the world economy more resilient to shocks.
Chairing the IMFC, he led discussions on supporting growth and stability amid geopolitical and trade tensions, supply chain disruption and rising public debt. Members stressed structural reforms for private sector-led growth, secure energy flows and freedom of navigation, and tackling debt and financing problems in low-income and fragile countries. They backed a strong, well-resourced IMF and said the Diriyah Guiding Principles should steer future talks on quota and governance reform.
At a meeting of Middle East, North Africa, Afghanistan and Pakistan ministers and governors with IMF Managing Director Dr. Kristalina Georgieva, Aljadaan urged efficient use of available buffers against prolonged shocks and highlighted diversification, energy and food security and resilient supply chains. At the joint Development Committee, he said the two institutions must lead the global economic response and ease pressure on public finances.
Meeting World Bank Group President Ajay Banga with Arab governors, Aljadaan said crises can speed up progress and asked the bank to help countries turn their resources into opportunities for local content and quality jobs. He praised support for conflict-affected Yemen and Syria and encouraged both institutions to find ways to extend help to the State of Palestine and Sudan.
On the sidelines, Aljadaan met officials, heads of international financial institutions and credit rating agencies, while Deputy Minister for International Relations Khalid Bawazier joined a roundtable on World Bank support for Syria's recovery and reconstruction, including the role of donor countries such as Saudi Arabia.
