Global obstacles to growth top agenda at Riyadh event

Global obstacles to growth top agenda at Riyadh event

RIYADH (Rahnuma): Overcoming global challenges to generate new opportunities for economic growth and job creation on Thursday topped the agenda as Saudi Arabia held its first official event in the runup to hosting the G20 summit of world leaders.

Welcoming delegates to the Saudi G20 Finance Track symposium, in Riyadh, the Kingdom’s Minister of Finance Mohammed Al-Jadaan highlighted the importance of improving access to opportunities to ensure that growth dividends were shared by all.

Around 300 representatives of G20 member states, invited guest countries, international organizations, academia, and the private sector, attended the seminar as the countdown to next year’s summit began under Saudi Arabia’s presidency.

Saudi Arabian Monetary Authority (SAMA) Gov. Ahmed Abdulkarim Al-Kholifey was among the delegates who took part in sessions which included exploring the links between access to opportunities and economic growth, with a particular focus on the obstacles faced by women, young people, and small and medium-sized enterprises (SMEs).

Participants also discussed the role of the public and private sectors in leveraging technology and innovation to create jobs, and ways to promote sustainable and inclusive growth.

In addition, the symposium offered attendees the chance to view displays from the Kingdom’s businesses, NGOs, and government entities that focused on technology, innovation, sustainable jobs, and the empowerment of both women and young people.

At a separate meeting, the G20 sherpas — the official representatives of the leaders of the G20 member states — gathered in the Saudi capital for the first time under the Kingdom’s presidency.

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