The Kingdom of Saudi Arabia's presence in the G20 is for the protection of its interests and to influence the international resolutions, said Dr. Ibrahim bin Abdulaziz Al-Assaf, the Minister of Finance in a joint news conference with Governor of Saudi Arabian Monetary Agency (SAMA) on the sidelines of the G20 summit here yesterday. Al Assaf lauded Saudi Arabia's pioneering leadership in the Arab and Islamic worlds. "The Kingdom has adopted a wise economic policy that enabled the Kingdom to deal with others without affecting the stable performance of its financial assets abroad," he added. Al Assaf also highlighted the importance of Kingdom's foreign loans and assistances. On his turn, Dr. Hamad Al Jasser, the SAMA Governor pointed out to the wise policies of the Government of the Custodian of the Two Holy Mosques, King Abdullah Ibn Abdulaziz Al Saud, before and after the global crisis, drawing the attention to the fact that the Kingdom has maintained stability and also reassured the major countries due to the Kingdom's economic status at the global level. He said the Kingdom took the initiative before the financial crisis to pay a lot of debts in addition to its concern for the stability of world oil prices and its reassurances to consumers of the consistent stability in prices.
