The Alula Conference for Emerging Market Economies, which is organized jointly by the Saudi Ministry of Finance and the International Monetary Fund (IMF), begins next week on February 16 and 17, 2025 in Alula, Kingdom of Saudi Arabia. The annual high -ranking event is an important global platform that aims to promote dialogue and cooperation with regard to the economic challenges with which emerging countries are confronted in the context of the structural change in the global economy by by making decision -makers, renowned economists and experts be brought together to the whole world.
His excellence, Saudi Finance Minister Mohammed Aljadaan, said that the conference was a unique platform for the exchange of knowledge that promotes well -founded decisions and drives up political discussions. It will offer the opportunity to exchange ideas about regional and global economic developments and discuss political measures and reforms that are intended to promote prosperity and resilience. This underlines the strong partnership of the kingdom with the IMF and comes less than a year after the IMF has opened its regional office in Riad to support the industries of the region with technical help that contributes to achieving sustainable development for these countries.
Minister Aljadaan said that the economic challenges are discussed at the conference with which threshold and developing countries are confronted, including the slow growth, limited financial scope and the increasing need for financing with high public debt. It will help find effective solutions to cope with these challenges. In addition, he said that the conference would show opportunities for aspiring markets and developing countries to improve cooperation and to increase its economic growth and resilience.
Your Excellence, the Managing Director of the IMF, Dr. Kristalina Georgieva, said: “The first alula conference for emerging market economies takes place at a time of significant economic changes. The conference offers an important platform to bring political decision -makers, the private sector and important interest groups together and to discuss how emerging countries can use the opportunities of these economic transformations, increase their competitiveness and achieve a strong growth supported by the private sector.
The joint conference reflects the in-depth partnership between Saudi Arabia and the IMF, in which Minister Aljadaan holds the chair of the International Currency and Finance Committee (IMFC). This partnership is based on the common goal of building dynamic and resistant economies, “added Dr. Georgieva.
The conference will include several important sessions and topics, including money and fiscal policy in relation to threshold and developing countries, the importance of this policy for macroeconomic and financial stability as well as innovative solutions for state debt management. It will also deal with the role of modern technology and artificial intelligence in promoting economic development.
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