Saudi finance minister are planning economic cooperation with Yemen and Morocco

Saudi finance minister are planning economic cooperation with Yemen and Morocco

The Saudi Ministry of Finance successfully completed the Alula Conference for Emerging Market Economies after two intensive days in close cooperation with the International Monetary Fund (IMF). Finance Minister, Central Bank Governor and leading economic experts from all over the world took part in the event. This top -class conference offered a platform for a decisive exchange about economic challenges, which emerging countries are faced with in the face of the structural change of the global economy, and as OTS reported. Tax policy and the use of technology and artificial intelligence at the center of the discussions.

The participants discussed the challenges of low economic growth, high public debt and the increasing financing needs to promote sustainable developments. Successful examples of countries that have made significant progress through structural reforms and promotion of innovation were particularly emphasized. Several important bilateral agreements were signed as part of the conference, including the agreement between Saudi Arabia and Morocco to strengthen financial cooperation, such as Landespressedienst.de . These agreements aim to improve the exchange of specialist knowledge and the development of solvability -promoting economic policies.

important agreements and future strategies

Furthermore, a debt rescheduling agreement between the Arab Monetary Fund and the Republic of Yemen was signed, which aims to promote economic stability in Yemen. This climate -friendly commitment is considered crucial to navigate the country through current financial turbulence. In addition, the Saudi Ministry of Finance and the Asian Infrastructure Investment Bank agreed a joint statement to promote infrastructure investments in the kingdom in order to further consolidate the economic partnerships at the international level. The importance of this conference is reflected in the strategic vision, which strengthens dialogue and cooperation between the emerging countries and thus contributes to economic stability and sustainable development.