الجدعان: الانضباط المالي واستدامة الديون العامة ركيزتان للاستقرار الاقتصادي

Finance Minister Mohammed Al-Jadaan emphasized that adherence to fiscal discipline and the sustainability of public debt are fundamental pillars for macroeconomic stability, calling for enhanced transparency and financial governance, as well as improved spending efficiency.
During his participation in the fourth meeting of finance ministers and central bank governors of the G20 under the presidency of South Africa, held on Wednesday and Thursday, 23-24 Rabi' Al-Thani 1447, corresponding to October 15-16, 2025, in Washington, with the presence of the Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, he pointed out that the rapid development of technological innovations, such as big data and encrypted assets, requires proactive regulatory frameworks that balance leveraging opportunities and mitigating risks.

Financial Stability

The Finance Minister urged international financial institutions to provide clear guidance to help countries align their national policies with global financial stability.
In his speech, the Finance Minister noted that the global economy has faced some challenges this year, some of which may extend into 2026 as the effects of major changes on policies continue to unfold, explaining that the solution does not lie in isolating from the multilateral trading system, but rather in collective efforts to improve it to enhance trust and long-term investments.

Increasing Importance

In the context of discussions on solutions to support the growth of the African continent, Minister Al-Jadaan clarified that Africa represents a region of increasing importance for global growth, pointing out the necessity for solutions to be practical and implementable, focusing on reducing the cost of capital, stimulating private investments, and supporting financial sustainability.
He mentioned that achieving sustainable progress in the African continent requires support from multilateral institutions to implement structural reforms that enhance productivity and create conditions for private sector growth, noting that the Kingdom's partnership with Africa is solid, having funded numerous projects in infrastructure, energy, and health across more than 40 African countries.
The Finance Minister concluded his speech by affirming the pivotal role of the G20 in advancing the global financial reform agenda, enhancing debt management frameworks, and encouraging cooperation between the public and private sectors to build a more resilient, inclusive, and sustainable global financial system.