Economic conditions of emerging markets must be improved: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan

Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan said there should be a long-term vision to improve the economic conditions of emerging markets and settle sovereign debt.

“We need to maximize the efficiency of every dollar spent, as this could generate $1 trillion globally, according to World Bank reports,” said Al-Jadaan on the sidelines of AlUla Conference for Emerging Market Economies.

Solutions should be tapped to allow benefits for all parties, noted Al-Jadaan, adding that the optimum way to address common challenges is to establish a broad, multilateral framework.