In his opening remarks, Al-Jadaan emphasized the necessity for collaborative efforts to enhance the resilience of emerging economies against global shocks. Georgieva echoed this sentiment, highlighting the IMF's commitment to supporting these nations through policy advice and financial assistance.
A significant focus of the conference was the exploration of artificial intelligence as a catalyst for economic growth. Experts discussed the integration of AI technologies into various sectors, emphasizing the potential for increased efficiency and innovation. However, concerns were raised about the digital divide and the need for inclusive policies to ensure that AI benefits are equitably distributed.
The geopolitical landscape also featured prominently in discussions. The ongoing conflict in Ukraine and its global economic repercussions were addressed, with participants underscoring the importance of diplomatic resolutions to maintain stability in emerging markets. Notably, U.S. President Donald Trump announced forthcoming negotiations with Russian President Vladimir Putin, to be hosted by Saudi Arabia, aiming to resolve the Ukraine crisis.
Trade dynamics were another critical topic, especially in light of recent U.S. tariffs affecting international commerce. Emerging economies expressed concerns over protectionist measures and their potential to hinder global trade. The conference called for renewed commitment to multilateral trade agreements and the strengthening of economic cooperation among nations.