AlUla, February 08 (QNA) - HE Minister of Finance Ali bin Ahmed Al Kuwari participated in a high-level closed-door roundtable titled "Addressing Sovereign Debt Vulnerabilities" during the AlUla Conference for Emerging Market Economies in the Kingdom of Saudi Arabia.

The session reviewed the current state of global public debt, which has reached historically high levels.

The discussion particularly focused on the challenges faced by emerging market and developing economies (EMDEs) due to rising debt service costs, which limit fiscal space and hinder the ability to fund essential social and developmental programs. Despite recent easing in financial conditions for advanced economies, EMDEs continue to grapple with elevated interest rates, shrinking external inflows, and limited access to concessional finance.

  HE the Minister of Finance emphasized the urgent need for coordinated action to avoid escalating liquidity pressures and potential solvency crises, which could undermine global growth and economic stability. (QNA)