Deputy Minister Bawazier leads Saudi delegation at Arab finance ministers meeting in Abu Dhabi

RIYADH — Deputy Finance Minister for International Relations Khalid Bawazier spearheaded Saudi Arabia's participation in the 17th Arab Finance Ministers Council meeting and a related high-level roundtable in Abu Dhabi. The gathering was organized by the Arab Monetary Fund. The Saudi delegation also attended the fund's Golden Jubilee Celebration.

During the event, attendees shared insights on the experiences of Arab nations in various sectors and deliberated on papers, studies, and presentations from global entities like the World Bank and the Organization for Economic Co-operation and Development (OECD) regarding economic trends in the region. Speaking at the occasion, Bawazier underscored the Kingdom's achievements in development domains, attributing their success to comprehensive projects grounded in robust economic and financial analyses, well-defined contractual structures, transparent procurement processes, and quantifiable performance metrics.

He emphasized the critical role of the World Bank as a "knowledge bank" in fortifying capabilities, fostering the development of viable infrastructure initiatives, and facilitating the exchange of best practices among nations facing comparable challenges.