Al-Kuwari participates in Al-Ula Conference on Emerging Market Economies

HE the Minister of Finance, Ali bin Ahmed al-Kuwari, took part in the opening session of Al-Ula Conference on Emerging Market Economies, taking place on Sunday and Monday in Al-Ula, Saudi Arabia.Al-Kuwari participated in another session within the event which focused on the policy challenges faced by emerging markets given the rising uncertainty and changes in the global economic landscape.Key issues include the mounting frequency of external shocks, exerting additional strain on these economies and necessitating swift policy adaptation. The heightened uncertainty further complicates decision-making, exacerbates emerging market fragility.In addition, structural challenges, such as high debt, sluggish growth, and clean energy transition, hinder progress. Furthermore, adapting to modern technologies demands massive investment, in addition to stepping up resource pressures and constraining emerging markets' ability to navigate these evolving complexities.Organised by Saudi Arabia's Ministry of Finance and the International Monetary Fund (IMF), the conference brings together a select group of finance ministers, central bank governors, and policymakers from emerging markets alongside global leaders from the public and private sectors, international institutions, and academia.It serves as a pivotal forum for discourse on economic trends, policy reforms, and resilience-building through robust international collaboration.