Treasury Announces Financial and Economic Partnership and Capital Markets Sector Collaboration with Saudi Arabia, Welcomes Additional Arrangements to Strengthen the Economic Ties Between Our Two Countries

WASHINGTON— On November 17, the United States Department of the Treasury and the Kingdom of Saudi Arabia signed two new frameworks for enhanced cooperation between our countries. As part of President Donald J. Trump’s historic Strategic Economic Partnership with Saudi Arabia, announced in May 2025, these new frameworks further deliver on the President’s foreign policy vision that benefits America and its people first. Treasury is keen to leverage our partnership with Saudi Arabia to advance our America First priorities and deliver value for the American taxpayer. As signed by Secretary Scott Bessent and Finance Minister Mohammed Aljadaan, the Financial and Economic Partnership Arrangement solidifies our cooperation and advances key priorities at the World Bank, IMF, and G20 to ensure that these institutions deliver for Americans.