Saudi Finance Minister Mohammed Al-Jadaan recently led the Kingdom’s delegation at the G20 Finance Ministers and Central Bank Governors meeting in South Africa. He emphasized the need to accelerate international trade reforms to address pressing global economic challenges.
During the summit in KwaZulu-Natal, Al-Jadaan stressed that outdated trade structures require urgent updates. “We must implement reforms that reflect today’s economic realities,” he stated. His remarks highlighted Saudi Arabia’s proactive role in shaping global financial policies.
Saudi Central Bank Governor Ayman Al-Sayari also attended the high-profile meeting. The delegation discussed ways to enhance international cooperation amid rising economic uncertainties.
The minister pointed out that delays in trade reforms could hinder global recovery efforts. He called for stronger multilateral collaboration to accelerate international trade reforms. These changes would help stabilize supply chains and promote fairer trade practices.
The G20 talks also covered digital transformation in finance and sustainable economic growth. Saudi officials shared insights on balancing innovation with regulatory frameworks.
This meeting reinforced Saudi Arabia’s position as a key player in international economic discussions. The Kingdom has consistently pushed for policies that support emerging markets and inclusive growth.
Al-Jadaan’s message aligns with Saudi Vision 2030, which prioritizes economic diversification and global partnerships. By advocating to accelerate international trade reforms, the Kingdom aims to foster a more resilient global trading system.
The G20 summit underscored the urgency of modernizing trade mechanisms. Saudi Arabia’s leadership in these discussions signals its commitment to driving meaningful change. As Al-Jadaan emphasized, swift and coordinated action is essential for future prosperity.
