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Kingdom partakes IMFC meetings in Washington

Kingdom partakes IMFC meetings in Washington
22 Apr
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Riyadh - Finance ministers and central bank governors from around the world gather in Washington April 24-26 to assess the global response to the world financial crisis at the meetings of International Monetary and Financial Committee(IMFC) for International Monetray Fund and Development Committee for World Bank for Reconstruction and Development.
The Saudi delegation will be headed by Minister of Finance Dr. Ibrahim bin Abdulaziz Al Assaf, along with Governor of the Saudi Arabian Monetary Agency (SAMA), Dr. Mohamed Al-Jasser and a number of officials in Ministry of Finance and Saudi Arabian Monetary Agency and Saudi Fund for Development.
The International Monetary and Financial Committee’s agenda will discuss the situation of global economy and financial markets and the policies adopted by the Fund to counter the global financial crisis and reforms in the Fund.
On the other hand, the Development Committee’s agenda also discuss the effects of financial crisis on developing countries and the role of international financial institutions, as well as to discuss strengthening of voting power in developing countries at the World Bank Group.
It should be noted that these committees hold semi-annual regular meetings to follow up the trends of global economic policies and set up trends of International Monetary Fund and World Bank.
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