The Minister of Finance, Dr. Ibrahim bin Abdulaziz Al-Assaf, emphasized the necessity that nominations for the presidency of the International Monetary Fund (IMF) should be open to all countries in the world, but not limited to a certain region, noting that the Kingdom of Saudi Arabia will select the best candidate and the most efficient one from its viewpoints. In a joint press conference held in Jeddah on Saturday evening with French Minister of Economy, Finance, and Industry Christine Lagarde, Dr. Al-Assaf pointed out that the Kingdom of Saudi Arabia has been playing an important role in the development of the global economy not only through its generous support for it, but also in various spheres, especially in the field of oil, by increasing oil production to maintain the balance of world oil prices. Dr. Al-Assaf indicated that the Kingdom will demand a greater role for the enhancement of its role in the Fund in the future, particularly as the Kingdom is playing an essential and important role in it, through increasing the numbers of staff in the Fund's leadership from Saudi citizens. He pointed out that during his discussions with the French minister, they focused on the importance of developing the Fund's works and contributing effectively to keep pace with global developments, noting that the Fund's Board of Directors will meet in the coming days to select the next President of the Fund. --MORE
