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Saudi Minister of Finance Virtually Participates in 1st Meeting of G20 Ministers of Finance and Health

Jakarta, The Minister of Finance, Mohammed bin Abdullah Al-Jadaan of the Kingdom of Saudi Arabia participated virtually yesterday in the first meeting of the joint finance and health ministers of the Group of Twenty (G20), which is being held under the Indonesian presidency, in the presence of the finance and health ministers from the G20 countries, a number of representatives of the invited countries and heads of international and regional organizations.

In his speech during the meeting, the Saudi Minister of Finance affirmed the importance of cooperation between the Ministers of Health and Finance in mobilizing efforts to build a basis for pandemic prevention and preparedness in the future, stressing the need for the health system’s resilience to remain the basis for future action to prevent and respond to pandemics, pointing to the main role of the Mediation Fund. Finance and strengthening the health and financial coordination of the G20, for their role in shaping the health and financial future.

It is worth mentioning that the meetings of the G20 Ministers of Finance and Health began during the Japanese presidency in 2019 and continued during the Saudi presidency, with the aim of addressing the outbreak of the coronavirus (Covid-19), where the G20 leaders committed during the extraordinary meeting to increase support for the prevention of pandemics and closing the gaps potential.

Also, during the Italian presidency, a working group of the G20 was launched, consisting of experts from the ministries of finance and health, in accordance with the Kingdom of Saudi Arabia's recommendation, and with the support of the World Health Organization; the Organization for Economic Cooperation and Development, and other relevant international organizations.

Source: Saudi Press Agency