Dr. Al-Assaf leads Saudi delegation to G-20 meeting in Washington

April 19, 2013

Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf is leading the Saudi delegation to the Group of 20 (G-20) meeting in Washington, D.C., which began yesterday. He is accompanied by Governor of the Saudi Arabian Monetary Agency (SAMA) Dr. Fahd bin Abdullah Al-Mubarak and Deputy President and Managing Director of the Saudi Development Fund (SDF) Yusuf Al-Bassam.

In a joint statement released today, the G-20 Finance Ministers and central bank chiefs stressed the importance of maintaining stability in the world economy. They reiterated the commitment of advanced countries to develop fiscal policies to ensure the sustainability of their budgets before the next G-20 summit in September. The officials pledged to exert greater efforts to support the slow global recovery and vowed not to use their currencies to gain unfair trade advantages.

Dr. Al-Assaf also led the delegation to the spring meeting of the World Bank (WB) and the International Monetary Fund (IMF) in Washington yesterday. The gathering, attended by representatives from governments, banks, private businesses, non-governmental organizations (NGOs), and the media, featured seminars and press conferences focused on the global economy, international development, and the world’s financial markets.

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