International Monetary Fund opens regional office in Riyadh

The International Monetary Fund (IMF) has opened a new regional office in Saudi Arabia’s capital Riyadh to strengthen partnerships with countries in the Middle East and beyond.The announcement came on Wednesday, April 24, on the sidelines of the “Industrial Policies to Promote Economic Diversification” conference, organized by the IMF in



cooperation with the Saudi Ministry of Finance in Riyadh.

Abdoul Aziz Wane, a Senegal national, has been appointed as the first director of the regional office.In a statement, the IMF said, “The new office will scale up capacity building, regional surveillance, and outreach to promote stability, growth, and regional integration.”