Saudi Arabia’s Minister of Finance, Mohammed Aljadaan, and the Governor of the Saudi Central Bank (SAMA), Ayman Alsayari, have concluded their participation in the fourth meeting of G20 Finance Ministers and Central Bank Governors. The meeting took place in Washington, DC from October 15 to 16, 2025, on the sidelines of the World Bank Group-IMF Annual Meetings under South Africa’s presidency of the G20.
In his remarks at the meeting, Minister Aljadaan addressed ongoing challenges facing the global economy this year and suggested that some may continue into 2026 due to major shifts affecting policies. He stated: “The solution does not lie in withdrawing from the multilateral trading system, but in collective efforts to improve it in order to strengthen trust and promote long-term investments.”
Aljadaan highlighted fiscal discipline and public debt sustainability as key factors for macroeconomic stability. “A commitment to fiscal discipline and public debt sustainability constitutes a fundamental pillar of macroeconomic stability, and it requires enhanced transparency, sound financial governance, and improved spending efficiency,” he said.
He also discussed technological advancements such as artificial intelligence and digital assets. According to Aljadaan: “Rapid developments in technological innovations—such as artificial intelligence and other digital assets—require proactive regulatory frameworks that balance the exploitation of opportunities with risk mitigation.” He called on international financial institutions to provide guidance so countries can align national policies with global financial stability.
During discussions about supporting Africa’s economic growth, Aljadaan noted Africa’s increasing importance for global development. He stressed solutions should focus on reducing capital costs, stimulating private investment, and ensuring financial sustainability. “Achieving sustainable progress in Africa requires the support of multilateral institutions to implement structural reforms that enhance productivity and create favorable conditions for private sector-led growth,” he said.
Aljadaan added that Saudi Arabia has an established partnership with African nations through financing infrastructure, energy, and health projects across more than 40 countries on the continent.
He concluded by underscoring: “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.”
