Saudi Arabia Reinforces Global Economic Stability at G20 Summit

KSA, 19 November, 2024 : Saudi Central Bank (SAMA) Governor, Ayman Al-Sayari, underscored the Kingdom’s pivotal role in supporting global economic recovery and maintaining financial stability during the G20 Leaders’ Summit in Brazil. He emphasized Saudi Arabia’s efforts in addressing global economic challenges such as slow growth, rising debt levels, and high inflation rates.  

Al-Sayari highlighted the Kingdom’s active participation in G20 discussions, building on its presidency in 2020, which focused on financial inclusion, low-income country support, and economic recovery from COVID-19. He reaffirmed Saudi Vision 2030’s alignment with G20 goals, including sustainable development, financial stability, and enhancing fintech innovation.  

Key summit priorities include social inclusion, sustainable development, and reforming global governance. Al-Sayari noted the Kingdom’s support for the G20’s Common Framework Initiative for Debt Treatment, aiming to alleviate debt distress in vulnerable nations.  

Through its G20 engagement, Saudi Arabia seeks to bolster its regional leadership, strengthen global cooperation, and promote sustainable economic growth.  

Source : www.zawya.com