G20 Framework Working Group meet to review process on plans

A handout photo released by the Saudi Energy Ministry on April 10, 2020 shows Saudi Arabia’s Energy Minister Abdulaziz bin Salman (3rd-L) chairing a virtual extraordinary meeting of G20 Oil ministers, in the capital Riyadh. (AFP)

RIYADH (RAHNUMA): The G20 Framework Working Group concluded its sixth and final meeting under the Saudi presidency on Thursday.

Participants included representatives of the G20 Finance Ministers and Central Bank Governors (FMCBGs) in addition to relevant international organizations.

Dr. Naif Alghaith, the Lead of the Saudi FWG team, said: “The impact of the crisis was quick and severe, presenting the G20 with a unique challenge to act swiftly and collectively.

“The endorsement of the Action Plan by G20 Finance Ministers and Central Bank Governors in April and its subsequent update in October is a testament to the G20’s well-coordinated and prompt response, which would have not been possible without the utmost determination and cooperation of all member countries to alleviate the toll of the pandemic on the global economy.”

The IMF and the OECD presented their latest assessments on the global economy.

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