Saudi economy ‘a model’ of resilience, strategic transformation: Al-Jadaan

Saudi Minister of Finance Mohammed Al-Jadaan

Saudi Minister of Finance Mohammed Al-Jadaan affirmed that, despite the uncertainty facing the global economy, the Saudi economy stands as a model of resilience, strategic transformation, and strong, sustainable growth.
 

During his participation at the 2025 World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings held in Washington, Al-Jadaan highlighted that those efforts in Saudi Arabia have been united behind a clear and long-term vision—Saudi Vision 2030—which was launched to achieve economic transformation in the Kingdom.
 

He also emphasized that WBG reengagement with Syria following the clearance of arrears marks a significant milestone, describing it as an important step toward strengthening regional development.
 

The minister further stressed that the global economy is currently facing a reality marked by overlapping economic shocks and deepening geopolitical divisions. “This calls for strengthened international cooperation, a redefinition of growth trajectories, and the enhancement of global financial safety nets to ensure sustainability and crisis prevention,” he added.
 

Additionally, Al-Jadaan noted the importance of raising awareness about the opportunities and risks associated with artificial intelligence and enabling countries to harness its potential by supporting their infrastructure and human capital development.
 

He called for the implementation of effective fiscal policies, support for financial innovation, and intensified international cooperation to enhance economic resilience.
 

Furthermore, the minister reaffirmed the Saudi Arabia's firm commitment to efforts toward achieving international and regional stability through its regional and global development and humanitarian initiatives.
 

On the sidelines of the annual meetings, Al-Jadaan held several bilateral meetings with ministers, heads of international financial institutions, and private sector leaders to discuss key global financial and economic developments, as well as ways to strengthen joint cooperation.
 

For his part, Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, Abdullah A. BinZaraah stressed that the Kingdom views the Financial Sector Stability Fund as an important tool to help countries enhance the resilience of their financial systems. He also cautioned against the imposition of standards that may undermine policy effectiveness and negatively affect financing costs.​
 

BinZaraah also highlighted the Kingdom's support for reforms in multilateral development banks to promote transparency and expand access to concessional financing, in line with national priorities.