AlUla, 20 Sha'ban 1447 AH (8 February 2026)

The International Monetary Fund has signed a memorandum of understanding with the Arab Monetary Fund on the sidelines of the AlUla Conference for Emerging Market Economies, aimed at strengthening joint cooperation in economic and financial areas of shared interest.

The memorandum was signed by IMF Managing Director Dr. Kristalina Georgieva and Arab Monetary Fund Director General Dr. Fahad Alturki, a step reflecting both institutions' commitment to widening institutional partnership and supporting economic stability in the region.

The memorandum aims to strengthen coordination in economic and financial policy, including cooperation in surveillance and lending activities, the exchange of data and analytical work, institutional capacity building and technical assistance, supporting the financial and economic stability of member states.

Both sides affirmed that the memorandum is an important step toward strengthening the strategic partnership between the two institutions and supporting the regional financial safety net, serving member states' interests and strengthening their ability to confront regional and international economic challenges.

At a Glance

  • Location: AlUla
  • Event: AlUla Conference for Emerging Market Economies
  • Signatories: the International Monetary Fund and the Arab Monetary Fund
  • Goal: strengthening economic and financial cooperation and supporting stability