· Ayman M Al-Sayari · Saudi Central Bank WikiSpeech - Imbalances Discussion Session
Read full speech on bis.org ↗ContextIntervention by the Governor of the Saudi Central Bank in the session on global imbalances at the first 2026 meeting of G20 finance ministers and central bank governors, in Washington.
Why it mattersA large surplus economy's view on what drives global imbalances and how to correct them.
Problems raised
- Excessive global imbalances can lead to disorderly adjustment.
- They spread through trade and financial channels.
- Distortive industrial policies misallocate resources.
Solutions proposed
- Identify the real drivers of imbalances.
- Pay attention to non-market practices and tax frictions.
- Improve data and country-specific analysis.