Saudi Finance Minister Mohammed Al-Jadaan, speaking as Chair of the International Monetary and Financial Committee (IMFC), warned that wars, conflicts and supply chain disruptions are raising human and economic costs worldwide. He said these developments are intensifying price pressures, hitting the poorest and most vulnerable economies hardest because they are least equipped to cope with inflation and external shocks. At the 54th IMFC meeting in Bangkok, he stressed strengthening economic and financial stability and called for stepped-up international cooperation and an end to conflicts, which he said sustainable growth depends on. The article notes growing concern that unresolved geopolitical tensions could undermine global economic recovery.
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IMFgeopoliticsinflationSaudi Arabia
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XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
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