First Saudi Arabia G20 finance and central banks’ deputies meeting held in Riyadh

Riyadh, Saudi Arabia 6 - 7 December 2019

The first G20 Finance and Central Bank Deputies (FCBD) Meeting of the 2020 Saudi G20 Presidency was held in Riyadh, Saudi Arabia, 6-7 December, 2019.

The Saudi Minister of Finance, Mohammed Aljadaan, welcomed delegates by providing the opening remarks for the meeting. Mr. Aljadaan highlighted the Kingdom’s roadmap to progress the Presidency’s theme of “Realizing Opportunities of the 21st Century for All”.

The meeting was chaired by the Saudi Assistant Minister of Finance for International Financial Affairs and Macro-Fiscal Policies, Mr. Abdulaziz Alrasheed, and the Deputy Governor of the Saudi Arabian Monetary Authority for Research and International Affairs, Dr. Fahad Aldossari. The meeting was attended by Finance and Central Banks’ Deputies from G20 members, representatives from invited guest countries, and international and regional organizations.

The Saudi Assistant Minister of Finance Abdulaziz Alrasheed highlighted: “Enhancing access to opportunities for all and promoting the digital financial inclusion of young people, women and SMEs are among our priorities for the Presidency year. We will also strive to find innovative solutions to develop domestic capital markets, leverage technology for infrastructure, frame supervisory and regulatory issues for the digital era, and address tax challenges arising from the digitalization of the economy.”

The Deputy Governor of the Saudi Arabian Monetary Authority added “We exchanged views on the global economic outlook, infrastructure investment, and international financial system to reinforce the G20's common path towards strong, sustainable, balanced, and inclusive growth.”

The G20 Finance and Central Banks’ Deputies will meet again in February 2020 in Riyadh to resume discussions on the Finance Track work program ahead of the 1st G20 Finance Ministers’ and Central Bank Governors’ meeting to be held in Riyadh on 22-23 February 2020.

Further information about the G20, including the Presidency Agenda and full program of events, can be found at www.g20.org.

Copyright Press Releases 2019