Saudi Finance Minister Emphasises Commitment To Multilateral Action For Sustainable Development Goals Through G20

Saudi Arabia is committed to enhancing multilateral cooperation to achieve sustainable development goals (SDGs) through its G20 membership, according to Finance Minister Mohammed Al-Jadaan. He highlighted the Kingdom's dedication to global economic stability and addressing challenges faced by developing and low-income countries. The upcoming G20 Leaders' Summit under Brazil’s presidency presents an opportunity for Saudi Arabia to leverage the experiences of leading economies within the group.

The minister praised Brazil’s presidency for effectively executing this year’s G20 agenda under the theme "Building a Just World and a Sustainable Planet." He noted that the focus areas—addressing hunger and poverty, reforming global governance, and fostering sustainable development—align with the group's commitment to multilateralism, food security, and sustainable progress.

Al-Jadaan emphasized Saudi Arabia's efforts in sharing insights from its rapid economic transformation with other G20 nations. These insights are valuable for countries aiming for sustainable development and economic diversification. The Kingdom's strategies under Vision 2030 and national transformation programs offer important lessons in these areas.

The minister also highlighted Saudi Arabia's active participation in the G20 Summit as a testament to its growing regional and global influence. This involvement underscores the strength of the Saudi economy, which is among the fastest-growing worldwide. The Kingdom is eager to engage in international forums to reinforce its significant role in the global economic landscape.

Minister Al-Jadaan reiterated Saudi Arabia's commitment to contributing solutions and policies for shared global challenges. This includes focusing on issues particularly affecting developing and low-income nations. By drawing on the experiences of G20 member countries, Saudi Arabia aims to enhance its strategies for achieving sustainable development goals.

The minister acknowledged that Saudi teams involved in the G20 are working diligently to share their experiences with member nations. These efforts are part of a broader initiative to support sustainable development and economic diversification across different regions.

In conclusion, Minister Al-Jadaan stressed that Saudi Arabia's engagement in global forums like the G20 is crucial for solidifying its pivotal role in international economics and finance. The Kingdom remains committed to fostering multilateral cooperation and contributing positively to global economic stability.

With inputs from SPA