Washington: Under the chairmanship of the Kingdom of Saudi Arabia, the fifth meeting of the Deputies of the International Monetary and Financial Committee (IMFC) convened on Monday, March 30, 2026, at the International Monetary Fund (IMF) headquarters in Washington, D.C., with the participation of senior officials and experts from member countries.

According to Saudi Press Agency, in his opening remarks, Deputy Chair of the IMFC Dr. Ryadh Alkhareif noted that the global economy is facing persistent challenges amid evolving dynamics. He underscored the importance of continuous assessment of global economic conditions, identifying policy priorities, and exploring options to address challenges and promote sustainable growth.

Dr. Alkhareif emphasized the need to ensure that the IMFC continues to fulfill its role in strengthening multilateral coordination and collective efforts to address shared challenges.

Participants also discussed progress in developing the Diriyah Principles, announced during the previous spring meetings of the IMF and the World Bank. These principles aim to guide future discussions on IMF quotas and governance.

The meeting reflects the Kingdom's leadership in chairing the committee's work and its continued commitment to strengthening multilateral cooperation and supporting the stability of the international monetary system.