Saudi Arabia joined on Saturday the G20 Troika, a three-member country committee chaired by current summit presidency, the 2019 presidency of Japan and Saudi Arabia, the future summit Presidency when it hosts the meetings in 2020.

The press release added that the Troika was established to ensure that previous, current and subsequent G20 presidencies work hand-in-hand to achieve consistency and continuity of the group’s agenda.

It noted “As we leave Buenos Aires today, we look back on the Argentine Presidency with much appreciation for its significant progress on the core issues spanning the future of work, infrastructure for development, and sustainable food future, with special emphasis on women empowerment and digital economy. At the same time, the Kingdom looks forward to working with Japan, G20 Presidency in 2019, to further advance the G20 goals of addressing global economic challenges and promoting sustainable, inclusive and balanced world growth.”

Saudi Arabia's Crown Prince Mohammed bin Salman is welcomed by Argentina's President Mauricio Macri as he arrives for the G20 leaders summit in Buenos Aires. (Reuters)

The G20 press release said “Since the announcement of the 2020 G20 Saudi Presidency at the 2017 G20 Hamburg Summit, the Kingdom commenced a whole of government approach for its Presidency’s preparation. The G20 Saudi Secretariat was established to coordinate efforts, with the aim of pursuing a progressive agenda that advances the Group’s accomplishments and priorities across global economic and developmental fronts. Going forward, Saudi Arabia will capitalize on its regional and international roles to engage with G20 members, invited countries, civil societies, and international and regional organizations to incorporate diverse viewpoints that reach policy recommendations addressing current and emerging global challenges impacting societies and economies throughout the world.”

The press release said that the “G20 Saudi Arabia Presidency will include a multitude of meetings, throughout the year of its Presidency, for ministers, deputies, working groups and other stakeholders with the aim of building broad consensus on policy proposals that address G20 topics. These meetings will be crowned by the G20 Leaders’ Summit.”

It concluded that “Saudi Arabia is undergoing major economic and social transformation guided by its Vision 2030, which is closely aligned with core G20 objectives of achieving macroeconomic stability, sustainable development, women empowerment, enhanced human capital, and increased flow of trade and investment.

Working in close cooperation with G20 members and other relevant stakeholders, Saudi Arabia said it looks forward to a successful Presidency where it will play a leading and constructive role in contributing to a positive and sustainable impact in our region and the world at large.”

Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54