In G20, Saudi Arabia works for the realization of global economic stability – Saudi Gazette

In G20, Saudi Arabia works for the realization of global economic stability – Saudi Gazette

RIYADH — Thanks to its solid economic base, Saudi Arabia’s admission to the G20 club, which gathers the world’s major 20 economies, has effectively augmented the role it was playing in the global economy.

Custodian of the Two Holy Mosques King Salman had, on the March 26, 2020, chaired the virtual extraordinary G20 summit which discussed, among other issues of interest, ways of proceeding with coordinating global efforts to combat the coronavirus pandemic and curb its negative humanitarian and economic impacts.

The Kingdom of Saudi Arabia had taken part in the G20 economic summit meetings since their first session held in Washington on Nov. 15, 2008, a backdrop affirming the Kingdom’s high profile in such an international economic grouping.

The Kingdom reiterated its commitment to continue its effective and positive role in achieving the global economic stability and its role in drafting an international economic system that achieves a balanced and sustainable growth and preserves the interests of all advanced and developing nations as well.

Saudi Arabia’s membership of the G20 is in recognition of its importance as a source of world energy, which is of great interest to all countries of the world, and due to its world trade volume, as well as