The International Monetary Fund extends Al-Jadaan’s presidency of the Monetary and Financial Committee for an additional year

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The International Monetary Fund announced the extension of the Chairmanship of the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan, of the Fund’s International Monetary and Financial Affairs Committee for an additional year, until January 2028 AD, after issuing approval and accepting the request of the members of the Committee to extend his presidency, following the expiration of its basic period of three years.

The International Monetary and Financial Committee is the supreme advisory body of the International Monetary Fund, directing the Fund's priorities and discussing key issues related to the international monetary and financial system.

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The committee represents the 191 member states through 25 members who are finance ministers and central bank governors.

The decision to extend was unanimously approved by the members of the committee and with the support of the executive management of the International Monetary Fund, in praise of the success of the Saudi leadership of the committee in building international consensus on economic and financial issues in light of an international environment characterized by increasing economic challenges and uncertainty, and in appreciation of the Kingdom’s initiatives and its firm commitment to enhancing multilateral dialogue and cooperation.