Diriyah: The third meeting of the IMF International Monetary and Financial Committee (IMFC) Deputies under the Saudi chairmanship has begun in Saudi Arabia and will continue through April 7. The meeting marks a significant milestone as it is the first official gathering of the committee to be held in the Kingdom of Saudi Arabia.
According to Bahrain News Agency, the first high-level panel discussion, titled "Breaking from The Low-Growth, High-Debt Path", addressed the global economy's pivotal moment, characterized by uncertainty impacting capital flows in both advanced and emerging markets, as well as developing economies.
The second high-level panel discussion, titled "Strengthening the Global Financial Safety Net", focused on the IMF's pivotal role in the global financial safety net, assisting countries facing balance-of-payments challenges by developing effective programs to achieve stability.
Participants in the meeting also exchanged views on potential opportunities to enhance cooperation between the IMF and other regional financial institutions. The IMFC deliberates on matters concerning the growth and stability of the global economy, seeking to ensure global financial stability. Its members discuss challenges facing the global economy and recommend economic policies to address them.