Pakistan army says 300 hostages freed from train seized by militants    Philippines' Duterte in The Hague after ICC arrest over drug war    Trade war escalates as Trump pledges more tariffs    Grand Mufti rules against posting prayers and preaching in mosques on social media    Absher carries out over 430 million e-transactions in 2024    Haramain Railway operates over 3,400 trips with 1.6 million seats during Ramadan    Argentinian court begins trial of seven healthcare professionals over Maradona's death    Man lives for 100 days with titanium heart in successful new trial    TGA: Minimum fine of SR5,000 for firms failing to deliver postal shipments    EU strikes back against US steel and aluminum tariffs with retaliatory package    Saudi and Turkish defense ministers discuss military cooperation in Jeddah    Al Hilal crushes Pakhtakor to storm into AFC Champions League quarter-finals    Mahrez magic sends Al Ahli into AFC Champions League quarter-finals    Al Taawoun edges Tractor in penalty thriller to reach AFC Champions League Two semi-finals    Hosting US-Ukraine talks reflects Saudi Arabia's balanced relations, Cabinet affirms    Saudi, US defense ministers discuss over phone efforts to strengthen security cooperation    Al-Jadaan and his US counterpart discuss ways to enhance financial and economic cooperation    Saudi Aramco CEO calls for a new global energy model at CERAWeek 2025    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.



G20 Finance Ministers, Central Bank Governors will meet, virtually on October 14, 2020, under the Saudi G20 Presidency
Published in Saudi Press Agency on 12 - 10 - 2020

G20 Finance Ministers and Central Bank Governors (FMCBGs) will meet under the Saudi G20 Presidency on Wednesday 14 October 2020, to discuss the global economic development and outlook the downside risks and the possible policy responses to safeguard against it and support a swift and sustained global economic recovery.
FMCBGs will also discuss updates to the G20 Action Plan – Supporting the Global Economy through the COVID-19 Pandemic (the G20 Action Plan) in addition to the progress made on the G20 Debt Service Suspension Initiative and its proposed extension into 2021.
The meeting will be co-chaired by Mohammed Aljadaan, Saudi Minister of Finance, and Dr. Ahmed Alkholifey, Governor of the Saudi Arabian Monetary Authority.
On 15 April 2020, FMCBGs endorsed the G20 Action Plan which sets out the key principles guiding the G20 response, and commitments to specific actions to drive forward international economic cooperation to navigate the crisis while paving the way for a robust, sustained and inclusive global economic recovery.
Recognizing that members are in different stages of responding to the crisis and that the global economic outlook continues to evolve, FMCBGs will discuss updates to the G20 Action Plan to ensure that the G20 promptly respond to the evolving health and economic situation and take steps to support the return to strong, sustainable, balanced and inclusive growth.
The G20 Action Plan aims also to strengthen international financial assistance to countries in need. FMCBGs will assess progress made on the G20 Debt Service Suspension Initiative (DSSI) that can provide over USD 14 billion in relief from bilateral creditors to DSSI-eligible countries, enabling them to redirect resources to fight the pandemic.
They will explore a potential extension of DSSI in 2021 to further support countries in need.
FMCBGs will also discuss G20 financial-sector issues under the 2020 priority of "Framing Supervisory and Regulatory Issues for the Digital Era".
Furthermore, in the spirit of advancing work towards a globally fair, sustainable, and modern international tax system, FMCBGs will discuss progress made by the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in addressing the tax challenges arising from the digitalization of the economy and the way forward.
Traditionally, the October G20 Finance Ministers and Central Bank Governors meeting is held in Washington D.C. on the sidelines of the International Monetary Fund and World Bank Group Annual Meetings. Given the circumstances, G20 meetings are currently held virtually.
For further information about the G20 including the Presidency Agenda and full program of events, visit www.g20.org.


Clic here to read the story from its source.