Hadhramaut: The Kingdom of Saudi Arabia: is preparing to host the second annual AlUla Conference for Emerging Market Economies, scheduled for February 8-9 in AlUla Governorate.
According to Saudi Press Agency, the conference is organized in partnership between the Ministry of Finance and the International Monetary Fund (IMF). It will feature participation from finance ministers, central bank governors, policymakers, leaders of international financial institutions, and economic experts globally.
The event will occur amidst significant changes in the global economy, prompting emerging-market economies to bolster their resilience and capitalize on new opportunities for sustainable growth and improved living standards. This effort aims to contribute positively to global economic stability.
The conference highlights the robust strategic partnership between the Ministry of Finance and the IMF and signifies Saudi Arabia's expanding role in fostering international economic dialogue and enhancing global cooperation.
Minister of Finance Mohammed Aljadaan stated that hosting the conference demonstrates the Kingdom's ongoing commitment to supporting international endeavors aimed at bolstering global financial and economic stability. He emphasized that emerging-market economies are crucial to the global economic system due to their significant impact on global growth and stability.
'AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments and discussing policies and reforms that support inclusive growth and enhance economic resilience, through broader international cooperation to address shared challenges,' Aljadaan said.
IMF Managing Director Kristalina Georgieva remarked that the conference offers an essential venue for emerging economies to discuss navigating risks and seizing future opportunities. She pointed out that global transformations driven by technology, demographic changes, and geopolitics have created a more complex and uncertain policy environment, emphasizing the need for sound macroeconomic and financial policies to strengthen resilience.
Participants will exchange experiences, coordinate policies, and support economic reform pathways, enabling emerging-market economies to benefit from global economic transformations and achieve more inclusive and sustainable growth.
The conference also aims to raise international awareness of the challenges facing emerging-market economies, highlight successful experiences in developing innovative solutions, strengthen international cooperation, support investment attraction, and help improve living standards and achieve economic prosperity.