DUBAI — Saudi Minister of Finance Mohammed Al-Jadaan attended the World Governments Summit and the 9th Arab Fiscal Forum, which concluded in Dubai, the United Arab Emirates, on Thursday. Al-Jadaan chaired the third session of the forum, titled "Fiscal Policy and Climate Resilience," with the participation of ministers, government officials, and economic experts from various countries. The session addressed the economic costs of climate change in the region and associated financial risks and pressures, including debt sustainability challenges, mainly for heavily indebted countries. Speakers also presented a series of solutions to enhance climate adaptation capabilities. Al-Jadaan also participated in a high-level roundtable discussion at the summit under the theme "Reimagining the Future of Multilateral Cooperation and the Future Fund." On the sidelines of the four-day summit, Al-Jadaan signed a memorandum of understanding on financial cooperation between Saudi Arabia and the United Arab Emirates with UAE's Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini.
