Minister Of Economy And Planning Highlights Saudi Arabia's Commitment To Sustainable Development At Global Economy Summit

Minister of Economy and Planning Faisal Alibrahim represented Saudi Arabia at the First Summit for a Sustainable, Inclusive, and Resilient Global Economy. This event was part of the High-Level Week of the 80th Session of the United Nations General Assembly in New York. Speaking on behalf of King Salman bin Abdulaziz Al Saud, Alibrahim highlighted Saudi Arabia's commitment to sustainable development.

Alibrahim stressed that Saudi Vision 2030 is not just about rhetoric but involves a clear strategy based on three principles: impact-driven, scalable, and evidence-based approaches. He noted that these principles are crucial for achieving effective development. The Kingdom has established a stable financial system that supports transformation and diversification.

The summit aimed to unify efforts among countries and international financial institutions toward achieving the Sustainable Development Goals (SDGs). It gathered heads of state and leaders from organizations like the International Monetary Fund and the World Bank Group to discuss SDG-related issues and their global implementation progress.

Alibrahim emphasized the importance of private sector involvement as a growth engine for jobs. He mentioned that resources are increasingly directed through targeted instruments to maximize social returns. This approach ensures active participation from private entities in supporting economic growth.

In his concluding remarks, Alibrahim stated, "We have to aim for joint collaboration and set foundations and standards for credible commitments that are built on a concrete approach, and that we discuss in two years to share the real and impactful results we have achieved." He also highlighted that future generations will evaluate us based on how much we improve people's lives rather than the number of plans initiated.

The summit served as a platform for discussing strategies to achieve sustainable development globally. It focused on aligning efforts across nations and financial bodies to address challenges related to SDGs effectively.

With inputs from SPA