Saudi Minister of Finance leads Saudi delegation to the G20 meeting in Sydney

 

 

 

 

 

 

 

(G-20) held its meetings at the level of its finance ministers and central bank governors of the member States in Sydney, Australia between 21 -24 February 2014 .

Dr. Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance, led the Kingdom of Saudi Arabia’s delegation to the meeting with participation of Dr. Fahd bin Abdullah Al-Mubarak, Governor of Saudi Arabian Monetary Agency (SAMA), and Nabil bin Mohammed Al Saleh, Saudi Ambassador to Australia.

Upon arrival at Sydney Airport, Dr. Al-Assaf was received by Saudi Ambassador to Australia Nabil Al-Saleh, Deputy Ambassador Faissal Gazy Hifzi  and a number of other officials.

In a statement to Saudi Press Agency (SPA), Dr. Al-Assaf said that the meeting’s agenda includes the latest developments of the global economy.

He added that the meeting aims to discuss investment in the infrastructure, including role of small and medium enterprises in this field and the role of the private sector generally to invest in infrastructure.

“This meeting is an opportunity to highlight the G20 on the Kingdom of Saudi Arabia’s successful experiment regarding cooperation between the private sector and the governmental sector in the infrastructure,” the Minister of Finance said.

Al-Assaf added that the Kingdom’s message to the meeting is to enhance development of the global economy and reduce unemployment, stressing that the Kingdom of Saudi Arabia  always highlights issues pertaining to Arab and developing countries.

The meetings discuss among other issues the situation of the global economy; investment and infrastructure; and challenges facing the growth and reforms of the International Monetary Fund relating to quotas and governance.

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