VIENNA — Saudi Minister of Finance Mohammed Al-Jadaan underscored the importance of building economic resilience in the face of increasing global uncertainties during the OPEC Fund Development Forum, which concluded on Wednesday. Speaking at the event’s opening session, Al-Jadaan highlighted that current development challenges extend beyond achieving economic growth to include strengthening supply chain resilience and enhancing countries’ preparedness for a range of emerging risks.

The forum, held in Vienna, brought together leaders, ministers, and heads of multilateral development finance institutions (DFIs) to discuss strategies aimed at improving responses to global economic and social challenges. Al-Jadaan also took part in the 47th Meeting of the OPEC Fund Ministerial Council, where discussions centered on the theme “A transition that empowers our tomorrow.” The meetings emphasized the role of collective action and strategic partnerships in supporting sustainable development.

Al-Jadaan stressed that confronting global shocks requires collaborative efforts, noting that no country can effectively address such challenges in isolation. He pointed to Development Finance Institutions, including the OPEC Fund for Development, as key players in mobilizing financial resources, facilitating knowledge exchange, and fostering innovation. According to Al-Jadaan, these institutions are crucial in helping nations build the capacity to withstand future global disruptions while pursuing their development agendas.