Chaired by Saudi Arabia … the conclusion of the “Twenty” and...

He stressed the pivotal role that empowerment of women and youth can play in supporting economic activity

On September 30, 2020, the Presidency of the Kingdom of Saudi Arabia of the G20 and the International Monetary Fund (IMF) concluded a high-level virtual conference on “Enhancing Opportunities in the Arab Countries” by highlighting possible solutions to achieve a strong, sustainable and comprehensive economic recovery, especially after the emerging coronavirus pandemic .

The discussion included ways to mitigate the significant impact of the emerging corona virus pandemic on the most affected groups in society.

The conference was chaired by Minister of Finance Muhammad Al-Jadaan, Governor of the Saudi Arabian Monetary Agency Dr. Ahmed Al-Khulaifi, and Director General of the International Monetary Fund, Kristalina Georgieva, and the conference was attended by finance ministers and central bank governors from Arab countries and heads of international and regional financial institutions, in addition to a number of prominent specialists.

In his speech at the conference, Finance Minister Muhammad Al-Jadaan said: “In July 2020 AD, finance ministers and central bank governors of the G20 countries, under the Kingdom’s presidency of the group, approved the list of policy options for the G20 to enhance opportunities for all. This list is presented, accompanied by a research paper on The topic is an introduction to the G20 of the International Monetary Fund and the World Bank, a valuable set of policy options that can be employed to support the immediate response to the COVID-19 pandemic and advance our economies towards a strong, sustainable, balanced and comprehensive recovery.

On the other hand, the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed Al-Khulaifi, said: “The impact of the repercussions of the Covid-19 crisis on the groups of society most at risk, especially women and youth, have been disproportionately compared to other groups, which further stressed the need to enhance access to opportunities for all, Thus, more holistic approaches to growth would work better at extracting untapped economic potential and strengthening the role of all segments of society.

International Monetary Fund Director-General Kristalina Georgieva said: “In the Arab world, vulnerable societies suffer from the most severe repercussions of the Covid-19 crisis, and it is urgent to increase the availability of opportunities more than ever before, and this means raising the amount of government spending and its effectiveness in terms of health care, education and networks. Social protection, better integration of youth and women in the workforce, increased investment in digital infrastructure to support the knowledge economy, and improved access to finance and government services.

Arab finance ministers, central bank governors, and heads of international and regional organizations and institutions discussed more the main policies to enhance access to opportunities for all, focusing on the pivotal role that empowering women and youth can play in supporting economic activity, and the importance of employing technology to accelerate development in the Arab world. The role of education and healthcare in promoting access to opportunities for all, including the response to the COVID-19 pandemic.

It is expected that the outcomes of this conference will contribute to drawing a road map towards the next annual meeting in 2021 for the International Monetary Fund – and the World Bank, which will be held in Marrakesh.

For more information, please visit the official G20 website: www.g20.org .

The G20 summit in Riyadh

Chaired by Saudi Arabia .. conclusion of the “Twenty” and “International Monetary” conference on “Enhancing Opportunities in Arab Countries”
Saudi Press Agency (SPA)
Previously
2020-10-02

On September 30, 2020, the Presidency of the Kingdom of Saudi Arabia of the G20 and the International Monetary Fund (IMF) concluded a high-level virtual conference on “Enhancing Opportunities in the Arab Countries” by highlighting possible solutions to achieve a strong, sustainable and comprehensive economic recovery, especially after the emerging coronavirus pandemic .

The discussion included ways to mitigate the significant impact of the emerging corona virus pandemic on the most affected groups in society.

The conference was chaired by Minister of Finance Muhammad Al-Jadaan, Governor of the Saudi Arabian Monetary Agency Dr. Ahmed Al-Khulaifi, and Director General of the International Monetary Fund, Kristalina Georgieva, and the conference was attended by finance ministers and central bank governors from Arab countries and heads of international and regional financial institutions, in addition to a number of prominent specialists.

In his speech at the conference, Finance Minister Muhammad Al-Jadaan said: “In July 2020 AD, finance ministers and central bank governors of the G20 countries, under the Kingdom’s presidency of the group, approved the list of policy options for the G20 to enhance opportunities for all. This list is presented, accompanied by a research paper on The topic is an introduction to the G20 of the International Monetary Fund and the World Bank, a valuable set of policy options that can be employed to support the immediate response to the COVID-19 pandemic and advance our economies towards a strong, sustainable, balanced and comprehensive recovery.

On the other hand, the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed Al-Khulaifi, said: “The impact of the repercussions of the Covid-19 crisis on the groups of society most at risk, especially women and youth, have been disproportionately compared to other groups, which further stressed the need to enhance access to opportunities for all, Thus, more holistic approaches to growth would do better at extracting untapped economic potential and strengthening the role of all segments of society.

International Monetary Fund Director-General Kristalina Georgieva said: “In the Arab world, vulnerable societies suffer from the most severe repercussions of the Covid-19 crisis, and it is urgent to increase the availability of opportunities more than ever before, and this means raising the amount of government spending and its effectiveness in terms of health care, education and networks. Social protection, better integration of youth and women in the workforce, increased investment in digital infrastructure to support the knowledge economy, and improved access to finance and government services.

Arab finance ministers, central bank governors, and heads of international and regional organizations and institutions discussed more the main policies to enhance access to opportunities for all, focusing on the pivotal role that empowering women and youth can play in supporting economic activity, and the importance of employing technology to accelerate development in the Arab world. The role of education and healthcare in promoting access to opportunities for all, including the response to the COVID-19 pandemic.

It is expected that the outcomes of this conference will contribute to drawing a road map towards the next annual meeting in 2021 of the International Monetary Fund – and the World Bank, which will be held in Marrakesh.

For more information, please visit the official G20 website: www.g20.org .

02 October 2020 – 15 Safar 1442

12:57 AM


He stressed the pivotal role that empowerment of women and youth can play in supporting economic activity

On September 30, 2020, the Presidency of the Kingdom of Saudi Arabia of the G20 and the International Monetary Fund (IMF) concluded a high-level virtual conference on “Enhancing Opportunities in the Arab Countries” by highlighting possible solutions to achieve a strong, sustainable and comprehensive economic recovery, especially after the emerging coronavirus pandemic .

The discussion included ways to mitigate the significant impact of the emerging corona virus pandemic on the most affected groups in society.

The conference was chaired by Minister of Finance Muhammad Al-Jadaan, Governor of the Saudi Arabian Monetary Agency Dr. Ahmed Al-Khulaifi, and Director General of the International Monetary Fund, Kristalina Georgieva, and the conference was attended by finance ministers and central bank governors from Arab countries and heads of international and regional financial institutions, in addition to a number of prominent specialists.

In his speech during the conference, Finance Minister Muhammad Al-Jadaan said: “In July 2020 AD, the finance ministers and central bank governors of the G20 countries, under the Kingdom’s presidency of the group, approved the list of policy options for the G20 to enhance opportunities for all. This list is presented, accompanied by a research paper on The topic is an introduction to the G20 of the International Monetary Fund and the World Bank, a valuable set of policy options that can be employed to support the immediate response to the COVID-19 pandemic and advance our economies towards a strong, sustainable, balanced and comprehensive recovery.

On the other hand, the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed Al-Khulaifi, said: “The impact of the repercussions of the Covid-19 crisis on the groups of society most at risk, especially women and youth, have been disproportionately compared to other groups, which further stressed the need to enhance access to opportunities for all, Thus, more holistic approaches to growth would do better at extracting untapped economic potential and strengthening the role of all segments of society.

International Monetary Fund Director-General Kristalina Georgieva said: “In the Arab world, vulnerable societies suffer from the most severe repercussions of the Covid-19 crisis, and it is urgent to increase the availability of opportunities more than ever before, and this means raising the amount of government spending and its effectiveness in terms of health care, education and networks. Social protection, better integration of youth and women in the workforce, increased investment in digital infrastructure to support the knowledge economy, and improved access to finance and government services.

Arab finance ministers, central bank governors, and heads of international and regional organizations and institutions discussed more the main policies to enhance access to opportunities for all, focusing on the pivotal role that empowering women and youth can play in supporting economic activity, and the importance of employing technology to accelerate development in the Arab world. The role of education and healthcare in promoting access to opportunities for all, including the response to the COVID-19 pandemic.

It is expected that the outcomes of this conference will contribute to drawing a road map towards the next annual meeting in 2021 of the International Monetary Fund – and the World Bank, which will be held in Marrakesh.

For more information, please visit the official G20 website: www.g20.org .

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