Arab News, Sat, Apr 27, 2024 | Shawwal 18, 1445
IMF opens first MENA office in Riyadh
Saudi Arabia:
The International Monetary Fund has opened
its first office the Middle East and North Africa region in Riyadh.
The office was launched during the Joint Regional
Conference on Industrial Policy for Diversification, jointly organized by the
IMF and the Ministry of Finance, on April 24.
The new office aims to strengthen capacity
building, regional surveillance, and outreach to foster stability, growth, and
regional integration, thereby promoting partnerships in the Middle East and
beyond, according to the Saudi Press Agency.
Additionally, the office will facilitate closer
collaboration between the IMF and regional institutions, governments, and other
stakeholders, the SPA report noted, adding that the IMF expressed its
appreciation to Saudi Arabia for its financial contribution aimed at enhancing
capacity development in its member countries, including fragile states.
Abdoul Aziz Wane, a seasoned IMF director with an
extensive understanding of the institution and a broad network of policymakers
and academics worldwide, will serve as the first director of the Riyadh office.