Submitting the final statement of the “Thought Group” to the Saudi...

          Artists displayed 11 pieces of art in one poster, demonstrating the efforts of the teams during the year            

After a year-long business trip, the Saudi "Thought Group 20" concluded its work yesterday, issuing its final statement containing 32 recommendations from its 11 working teams to the Presidency of the G20 led by Saudi Arabia to take effective decisions regarding them to solve the current world problems, whether caused by the pandemic Or those that preceded it related to climate, environment and carbon economics.
A number of Saudi artists were able to embody these efforts and express them through 11 pieces of art, all combined in one art poster, which were unveiled yesterday, at a time in which the final statement issued yesterday stressed that the Corona pandemic crisis has produced crises that necessitate taking multilateral measures to confront Common global challenges, in light of warnings that Corona will cause a social and economic division in all parts of the world unless countries unite to reduce its negative effects ... and to the details of the recommendations announced yesterday:

Policy recommendations
To face the challenges also, the Group of Twenty Thought called for more cooperation and coordination efforts to ensure that the presumptive aspects that accompanied health crises are reduced, by emphasizing the importance of health, as a global public good, by enhancing flexibility and preparedness at the global level, and classifying funding allocated to health as An investment and a fundamental factor in achieving long-term global economic growth, and it is an opportunity to transform health system investments into a people-centered approach, providing health services for all, as a fundamental human right.
The recommendations raised focused on universal health care coverage worldwide, with the United Nations agreeing to be available by 2030, with the achievement of the sustainable development goals. This includes protection from financial risks, access to high-quality basic health care services, access to safe, high-quality essential medicines and vaccines at affordable prices for all, improving the conditions of the two worlds in the field of health, ensuring inclusiveness of early childhood education, care and development, and placing them in national strategies. To achieve long-term sustainability goals.

Safety nets
The recommendations called for the establishment of dedicated cooperative work teams to strengthen economic safety nets during health crises, focus on diagnostic efforts to address future pandemics, strengthen global solidarity and pluralism to combat the Corona pandemic and future shocks, ensure countries coordinate their financial and monetary policies to combat the pandemic, and organize joint action to support countries. Limited income, by providing rapid liquidity, and comprehensive debt relief.
She emphasized reforming the global financial safety net, expanding its scope to increase resilience to shocks, strengthening multilateral cooperation to address global economic challenges, undertaking internal reforms to ensure the sustainability and legitimacy of rule-based multilateral systems, and improving multilateral cooperation between G20 members and non-member countries alone. Whether, governance reform, and improve the main functions of the World Trade Organization.

the concerned
The recommendations called for expanding multi-stakeholder participation in the G20 to meet current policy challenges affecting the global economy, such as public health, climate change and global conflicts, and to strengthen innovative frameworks to help bridge the investment gap for a sustainable and resilient infrastructure, while redesigning the system. Financial to support the sustainable development goals and maximize their impact, as well as expand cooperation between the countries of the Middle East and Africa and the Group of Twenty, through improving trade and restructuring global value chains to enhance competitive production, diversification and economic transformation.

Young people’s needs
The statement stressed the need to increase funding to find innovative educational solutions that meet the needs of today’s youth, while creating appropriate conditions to prevent future losses in education, coordinating government policies to reduce the economic impact of the pandemic, and adapting international efforts to support the most vulnerable countries and populations at risk, and developing policies that work On protecting the physical health and economic well-being of migrant workers, and preparing them for a more stable and prosperous future.
The final statement called for the recommendations to adopt innovative new technologies and approaches to support access to equal learning opportunities, meet the requirements of competitive labor markets, and encourage quality local governance through “smart decentralization” that will improve community participation during the reshaping of urban policy, and the adoption of a comprehensive approach to implementing the sustainable development goals. Including the merging of shared values ​​and social principles based on beliefs, and the adoption and promotion of the use of measurement tools, which provide a new theoretical and empirical basis for evaluating well-being, away from GDP and other economic indicators.

Mitigation measures
The final statement called for measures to mitigate the negative effects of the demographic transition, work for coordinated tax reform, use the circular carbon economy approach, strengthen cooperation to protect the climate, protect, preserve and restore biodiversity, and strengthen measures that support technology and innovation in order to provide a sustainable global food market. And stability, while preserving energy security and market stability for a prosperous future, as well as overcoming policy fragmentation, promoting innovation for a sustainable water, energy and food association, and supporting the formulation of rules and standards to meet new challenges that affect the global economy, such as artificial intelligence and cyberspace.
The statement stressed the promotion of cross-border investment flows, the establishment of a supervisory framework to reap the benefits of digital trade, the development of a comprehensive agenda to increase the flexibility of the financial system while integrating digital money and financial tools, and raising awareness of digital financial culture to reach the disadvantaged, while ensuring a safe and secure electronic system. It protects the independence of citizens, especially children and youth.

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