CEDA reviews role of reforms in diversification of economy and surge in non-oil revenues    79 hospitality facilities in Makkah and Madinah face penalties for closure order violations    Saudi Arabia hosts large-scale iftar banquets in Indonesia, Kyrgyzstan, and Malaysia    Saudi Arabia records 23,865 violations in nationwide residency and labor law inspections    S&P upgrades Saudi Arabia's credit rating to A+    Trump orders 'decisive' military action against Houthis in Yemen    US Senate passes Republican spending bill to avert government shutdown    Zelenskyy says territorial control key to peace talks, rejects recognition of occupied regions    Pakistan says train hijacking death toll rises to 30, accuses India and Afghanistan of supporting militants    Al Nassr climbs to third with dominant win over Al Khaleej, Al Qadsiah slips after loss to Damac    Power bank likely caused South Korea plane fire, investigators say    Makkah Lanterns Festival returns for the eighth year as part of Ramadan activities    Crown Prince receives Yazeed Al-Rajhi after historic Dakar Rally 2025 victory    SR17 million fines slapped on 16 individuals and companies convicted of violating Capital Market Law    Saleh Al-Shehri's late penalty rescues Al Ittihad against Al Riyadh    Grand Mufti rules against posting prayers and preaching in mosques on social media    Man lives for 100 days with titanium heart in successful new trial    Argentinian court begins trial of seven healthcare professionals over Maradona's death    Singer Wheesung who wooed Korea with his ballads, found dead at 43    Prince Frederik of Luxembourg dies from rare disease    Real-life shipwreck story wins major book award    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al-Jadaan, Al-Mubarak represent Saudi Arabia in meeting of G20 financial leaders
Published in The Saudi Gazette on 09 - 04 - 2021

Saudi Arabia's Finance Minister Mohammed Al-Jadaan, who is also the and acting minister of economy and planning, and Governor of the Saudi Central Bank Dr. Fahd Al-Mubarak participated virtually in the second G20 finance ministers and central bank governors' (FMCBG) meeting under the Italian presidency.
The meeting brought together finance ministers and central bank governors from G20 countries and invited countries, as well as heads of international and regional organizations.
The meeting fostered in-depth discussions on the global economic development, the progress made on proposed policy responses for the economic recovery phase in light of the unprecedented COVID-19 pandemic, and ways to strengthen international cooperation between G20 countries for the return to strong, sustainable, balanced, and inclusive growth.
Several topics that were discussed are a continuation of what Saudi Arabia has achieved under its presidency in 2020, including the G20 Debt Service Suspension Initiative (DSSI), which was extended until the end of 2021, and the implementation of the Common Framework for Debt Treatments beyond the DSSI.
In addition, ministers and governors discussed the updates to the G20 Action Plan, and they underscored the need to ensure fair access to necessary medical treatments, services, and supplies, including vaccines at affordable prices for low- and middle-income countries.
The meeting discussed options that can be used to support the most vulnerable countries, including through a new general SDRs allocation and exploring further necessary steps to bridge the emergency response with a more structural approach.
In addition to being a member of the G20, the Kingdom is also a member of the G20 troika, a three-member country committee chaired by Italy, the current presidency, Saudi Arabia, the previous presidency, and Indonesia, the future presidency in 2022 to ensure that G20 presidencies work hand-in-hand to achieve consistency and continuity of the group's agenda.
Saudi Arabia will continue to play a leading and constructive role in the G20 and remains committed to continuing working in the same spirit of cooperation and solidarity with the Italian presidency to contain the pandemic in all parts of the world and support the global economy for a strong, sustainable and inclusive recovery.


Clic here to read the story from its source.