AlUla, Saudi Arabia: The Minister of Finance, HE Ali bin Ahmed Al Kuwari participated in a high-level roundtable session entitled "Strengthening the Global Financial Safety Net - Rapid, Reliable Liquidity for Resilience", held on the sidelines of the AlUla Conference for Emerging Market Economies in the Kingdom of Saudi Arabia.
The session discussed the importance of building a strong Global Financial Safety Net to protect vulnerable economies and mitigate the spillover of crises amid the increasing interconnectedness of the global economy.
Participants emphasized that an effective Global Financial Safety Net encourages the adoption of sound economic policies, enables countries to prevent crises, and provides insurance mechanisms to help absorb shocks.
The session also addressed the role of enhancing access to reliable, predictable, and rapid liquidity in supporting global macroeconomic and financial stability, and in creating an enabling environment for sustainable, growth-enhancing investment and social development in a world facing increasingly frequent economic risks and shocks.
