WASHINGTON: Saudi Minister of Finance Mohammed Al-Jadaan said the global economy will continue to face a range of challenges this year, some of which are expected to persist into 2026 as the effects of major structural shifts shape fiscal and monetary policies worldwide.
His comments came after he attended the fourth G20 Finance Ministers and Central Bank Governors Meeting, held this week under South Africa’s G20 presidency, on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings in Washington, the Saudi Press Agency reported.
Al-Jadaan was accompanied at the meetings by Saudi Central Bank Governor Ayman Alsayari, SPA added.
He also stressed that solutions should not involve withdrawing from the multilateral trading system, but rather collective efforts to improve it in order to strengthen trust and promote long-term investments.
The minister further underlined that adherence to fiscal discipline and the sustainability of public debt remain fundamental pillars of macroeconomic stability, adding that these objectives required enhanced transparency, sound financial governance, and improved spending efficiency.
