RIYADH: Saudi Arabia’s consistent commitment to prudent economic policies has firmly positioned it as a prominent member in the G20 top world economies.
During a decade of active participation, the Kingdom has wielded its influence to shape global economic stability and promote a more equitable international economic order.
Saudi Arabia has consistently pursued economic decisions that have contributed to the balanced growth of its banking system, the Saudi Press Agency reported.
The Kingdom's participation in the G20 summit, with its rich history, serves as a confirmation of its standing in the global economic forum.
Moreover, Saudi Arabia’s participation cements its commitment to actively and positively contribute to the attainment of global economic stability.
It also underscores its role in shaping a global economic system that fosters balanced and sustainable global economic growth while safeguarding the interests of both developed and developing nations.
In 2008, during the inaugural summit held in Washington, King Salman spearheaded Saudi Arabia’s maiden G20 delegation, marking the beginning of a crucial era.
At this gathering, world leaders pledged to enhance collaboration and enact essential reforms aimed at safeguarding the global financial system against potential future crises.
In the subsequent years, including the 2009 London Summit, Saudi Arabia maintained its active role in discussions pertaining to global economic growth and financial governance.
In 2012, under the leadership of former finance minister Ibrahim bin Abdulaziz Al-Assaf, Saudi Arabia made substantial contributions to dialogues concerning global economic development, financial stability, and governance. The Kingdom placed a strong emphasis on addressing the issue of tax evasion as part of these deliberations.
In 2013, the G20 Summit held in Russia centered its discussions on global economic developments and the establishment of a framework for robust, equitable, and sustainable growth. Concurrently, the summit explored strategies to reinforce global financial resources.
The following year, in 2014, King Salman led the Kingdom’s delegation to the Australian city of Brisbane. During this summit, King Salman underscored Saudi Arabia’s eagerness to enhance its active role within the G20, emphasizing the Kingdom's keen interest in the proposals and discussions taking place during the meeting.
In 2015, the G20 summit convened in Turkey, and King Salman once again led the Kingdom’s delegation. During his address at the summit, he stressed the imperative for the international community to intensify their endeavors in eradicating the dangers of terrorism.
The subsequent year, in 2016, the G20 summit was hosted in China, with Saudi Arabia’s Crown Prince Mohammed bin Salman at the helm of the Kingdom’s delegation. During this summit, the crown prince engaged in discussions concerning bilateral relations between Saudi Arabia and several other nations, including Indonesia, the UK, the US, India, and Russia, on the sidelines of the event.
In 2017, at the G20 summit held in Germany, Saudi Arabia affirmed that terrorism has no religion and is a crime that targets the entire world without differentiating between religions and races.
Subsequently, Saudi Arabia continued its active participation in the G20 summit in the years that followed, maintaining its commitment to global economic stability and cooperation.
