Saudi Arabia: Central Bank Independence Essential

Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan affirmed that the global economy continues to face deep challenges, despite showing notable resilience, pointing to the worsening of financial vulnerabilities amid rising public debt and sovereign bond yields. He stressed that central bank independence is essential to ensure price stability and enhance the credibility of monetary policy. He also noted that members of the International Monetary and Financial Committee reaffirmed their support for countries facing debt risks, emphasizing the need to enable the International Monetary Fund to continue supporting low-income countries.