Saudi Delegate: Global Financial Markets and Institutions Should

"For its part, Saudi Arabia has approved a five-year $400 billion
stimulus to boost the Kingdom’S economic capacity and shield it from
the crisis," Al-Mofadhi said.

At a regional level, he said that Saudi Arabia has called on Gulf
Cooperation Council finance ministers to coordinate their responses
to the crisis.

The need to reform the Breton Woods institutions to make them more
equitable was “recognized now more than ever,” said Al-Mofadhi, who
added that he hopes shareholders of the institutions can agree to
reforms.

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