Governor of the Saudi Central Bank (SAMA) Dr. Fahd bin Abdullah Al-Mubarak, participated in 2nd meeting of G20 finance ministers and central bank governors.
The meeting was held under the Indonesian presidency, on the sidelines of 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, SPA reported.
They discussed key issues related to significant changes in the global economic outlook since the February meeting, including the economic and financial implications of the crisis in Ukraine, the epidemic prevention, preparedness and response mechanism.
The minister touched on the global economy prospects, explaining the importance of international cooperation to support global economic recovery and prevent negative repercussions.
Al Jadaan reviewed Saudi Arabia’s continuous efforts to support individuals and countries in need, including its urgent support with an amount of $10 million to Ukrainian refugees in neighboring countries.
SAMA governor pointed out to the importance of providing the necessary flexibility to different national circumstances and priorities, stressing the need to build on previous efforts, especially through the use of the circular carbon economy approach, which was adopted at the Riyadh Summit during the Kingdom’s presidency of G20 held in 2020.
Source: Bahrain News Agency