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Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development

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Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development Empty Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development

Post by claud39 on Wed Jul 08, 2020 9:24 am

Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development


July 7, 2020

Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development Logo




Riyadh, Kingdom of Saudi Arabia, July 7, 2020

 The Saudi G20 Presidency and the Paris Forum will hold a high-level virtual Ministerial conference on July 8, 2020.

 The conference will discuss challenges around international capital flows volatility - as exacerbated in emerging market economies by the unprecedented COVID-19 crisis - and possible policy responses to help restoring sustainable flows of capital and mobilizing robust financing for development. The conference will be co-chaired by Mr. Mohammed Aljadaan, Minister of Finance of the Kingdom of Saudi Arabia, and Mr. Bruno Le Maire, Minister of Economy and Finance of France.

 The conference will bring together Finance Ministers and Central Bank Governors, heads of International Financial Institutions (IFIs), chief executives of private financial institutions and prominent scholars. The global response to the COVID-19 pandemic is delivering results, however, the situation remains challenging.

 Capital outflows from many emerging and developing countries have reached unprecedented levels, and their ability to draw upon an international pool of capital in a robust manner has been called into question. In this context, the conference will foster in-depth discussions on key issues related to financial resilience and debt sustainability as well as considering the progress on the G20 Debt Service Suspension Initiative and on developing the finance agenda amid the COVID-19 pandemic.

 The conference outcomes are expected to feed into the discussion of the G20 Finance Ministers and Central Bank Governors’ meeting to be held virtually on July 18, 2020, under the Saudi G20 Presidency. Further details on upcoming meetings, including the Host Year Calendar, is available at www.g20.org. Media Enquiries: G20Media@saudisecretariat.gov.sa +966 11 829 6129



[url=https://g20.org/en/media/Documents/G20SS_PR_Paris Forum Ministerial Conference_EN.pdf]https://g20.org/en/media/Documents/G20SS_PR_Paris%20Forum%20Ministerial%20Conference_EN.pdf[/url]
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Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development Empty THE G20 AND THE PARIS FORUM DISCUSS ENHANCING FINANCING FOR DEVELOPMENT

Post by claud39 on Wed Jul 08, 2020 9:27 am

THE G20 AND THE PARIS FORUM DISCUSS ENHANCING FINANCING FOR DEVELOPMENT






08/07/2020





Saudi G20 Presidency and the Paris Forum Convene a Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development %D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%B9%D8%B4%D8%B1%D9%8A%D9%86-%D9%88%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D8%A8%D8%A7%D8%B1%D9%8A%D8%B3-%D9%8A%D9%86%D8%A7%D9%82%D8%B4%D8%A7%D9%86-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%84%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9







In cooperation with the Paris Forum, the Group of Twenty, headed by Saudi Arabia, will hold today (Wednesday) a high-level virtual conference on restoring balanced levels of capital flows and enhancing financing for development.



The Saudi Presidency of the Group of Twenty, in a statement, stated that the conference will discuss the challenges that lead to instability of international capital flows that have worsened in the economies of emerging markets due to the unprecedented "Covid-19" crisis, as well as possible policy measures that would contribute to the restoration of Balanced levels of capital flows and the mobilization of financing for development.



The conference, chaired by Saudi Finance Minister Mohamed Al Jadaan and French Minister of Economy and Finance Bruno Lemerre, will include a number of finance ministers and central bankers from the G20 countries and other countries, in addition to heads of international financial institutions, and executive heads of financial institutions from the private sector, as well as a number of prominent researchers And thought centers.

She added that "although the global response to the pandemic has produced effective results, the situation remains a challenge, as outward capital flows have reached unprecedented levels in emerging markets," noting that "the ability of these markets to attract foreign capital effectively is facing difficulty." Larger".

The statement noted that the conference included the expansion of the international coordination circle of the most important issues related to strengthening financial durability, and the sustainability of progress made in the G20 initiative to suspend debt service payments, and what is related to the financing for development agenda in light of the Corona pandemic, which has become an urgent issue.

The results of the conference are expected to be discussed at the upcoming virtual meeting of the G20 finance ministers and central bank governors, to be held on July 18 under the presidency of Saudi Arabia.









https://uabonline.org/%d9%85%d8%ac%d9%85%d9%88%d8%b9%d8%a9-%d8%a7%d9%84%d8%b9%d8%b4%d8%b1%d9%8a%d9%86-%d9%88%d9%85%d9%86%d8%aa%d8%af%d9%89-%d8%a8%d8%a7%d8%b1%d9%8a%d8%b3-%d9%8a%d9%86%d8%a7%d9%82%d8%b4%d8%a7%d9%86-%d8%aa/
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