Al-Jadaan, Al-Mubarak represent Saudi Arabia in meeting of G20 financial leaders

SourceSaudi Gazette
SectorFinancial Markets
CountrySaudi Arabia

RIYADH — 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 more...