Saudi Arabia and World Bank Forge Economic Partnership
Both parties engaged in talks about economic challenges at regional and global levels, as well as examined ways to improve collaboration between Saudi Arabia and the World Bank.
Faisal Alibrahim, the Saudi Minister of Economy and Planning, held a meeting with Ajay Banga, President of the World Bank Group.
The two sides engaged in one-to-one talks about economic challenges at regional and global levels, as well as examined ways to improve collaboration between Saudi Arabia and the World Bank.
Read More: Explainer: What is Saudi Vision 2030?
This stepforward meeting comes following the Kingdom of Saudi Arabia's conclusion its participation in the 2024 International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings, held in Washington, D.C., in April. These meetings explored significance of adopting impactful fiscal policies to strengthen resilience and sustainability in response to current global economic challenges. The goal is to promote the economic reforms that Saudi Arabia has implemented over the past seven years since Vision 2030 was announced. These reforms have focused on diversifying the country's economy after choosing the kingdom as a knowledge center and a regional pioneer.
