Washington: Minister of Finance Mohammed Aljadaan and Saudi Central Bank (SAMA) Governor Ayman Alsayari concluded their participation in the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the South African Presidency, held on October 15 and 16, 2025, in Washington, DC, on the sidelines of the World Bank Group-International Monetary Fund Annual Meetings.
According to Saudi Press Agency, Aljadaan emphasized the various challenges faced by the global economy this year, some of which may extend into 2026. He noted that the solution lies not in withdrawing from the multilateral trading system but in collective efforts to improve it, thereby strengthening trust and promoting long-term investments.
Aljadaan also highlighted the importance of fiscal discipline and public debt sustainability as fundamental pillars of macroeconomic stability, necessitating enhanced transparency, sound financial governance, and improved spending efficiency.
Further, he pointed out the necessity for proactive regulatory frameworks to balance opportunities and risks presented by rapid technological innovations such as artificial intelligence and digital assets. He urged international financial institutions to provide clear guidance to help countries align their national policies with global financial stability.
Discussing solutions to support Africa's growth, Aljadaan underlined the continent's increasing importance for global growth and the need for practical, implementable solutions to reduce capital costs and stimulate private investment.
He affirmed that sustainable progress in Africa requires support from multilateral institutions to implement structural reforms, enhancing productivity and fostering conditions for private sector-led growth. He also noted Saudi Arabia's well-established partnership with Africa, having financed numerous projects across various sectors in more than 40 African countries.
Aljadaan concluded by emphasizing the pivotal role of the G20 in advancing the global financial reform agenda, strengthening debt resolution frameworks, and encouraging public-private cooperation to build a more resilient, inclusive, and sustainable global financial system.