WFP, UNEP Boost Global Food and Water Security

WFP, UNEP Boost Global Food and Water Security
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WFP, UNEP Boost Global Food and Water Security

WFP, UNEP Boost Global Food and Water Security

The UN World Food Program (WFP) and the UN Environment Program (UNEP) signed an agreement in Nairobi on Friday to tackle the devastating impacts of the climate crisis, environmental degradation and biodiversity and ecosystem loss on the food and water security of millions of people around the world.

The agreement advances collaboration on climate change adaptation, nature-friendly food systems, water resource management and ecosystems restoration.

It was signed by Cindy McCain, WFP’s Executive Director and Inger Andersen, UNEP’s Executive Director.

“Food and water go hand in hand: we urgently need to restore our ecosystems and scale up climate adaptation programs to ensure future generations have the basic resources needed to grow enough food,” said McCain.

“WFP’s global footprint and operational scale, combined with UNEP’s world-class scientific expertise, will help governments, communities, and families on the frontlines of the climate crisis better protect themselves. Our partnership will reduce humanitarian needs and support long-term solutions to hunger.”

According to Andersen: “If we work more closely together, we can create real, meaningful impact. We can enhance climate mitigation and adaptation. We can support vulnerable populations to address nature-induced conflicts and natural disasters. We can maintain healthy, productive, and resilient ecosystems. We can deliver on both our mandates and reduce the vicious cycle of humanitarian and environmental crises.”



SAMA Governor: Saudi Arabia Plays Key Role in Supporting Global Economic Recovery

G20 leaders meet in Brazil. (Reuters)
G20 leaders meet in Brazil. (Reuters)
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SAMA Governor: Saudi Arabia Plays Key Role in Supporting Global Economic Recovery

G20 leaders meet in Brazil. (Reuters)
G20 leaders meet in Brazil. (Reuters)

Saudi Central Bank (SAMA) Governor Ayman Al-Sayari emphasized the Kingdom’s pivotal role in sustaining global economic recovery and maintaining financial stability. He also highlighted Saudi Arabia’s active participation in addressing key issues during Brazil’s presidency of the G20 Summit.

In a statement to the Saudi Press Agency (SPA), Al-Sayari affirmed the Kingdom’s commitment to achieving the summit’s goals and strengthening multilateral cooperation to tackle challenges such as slow growth and rising global debt levels.

Al-Sayari noted that Saudi Arabia’s participation in the G20 reflects its efforts to promote its own interests while contributing to global economic stability, particularly for regional economies. As the only Arab member of the group, Saudi Arabia seeks to leverage its position to enhance global financial resilience.

He recalled the Kingdom’s leadership of the G20 in 2020, during which it prioritized measures to accelerate global economic recovery, foster financial inclusion, ensure financial stability, and assist low-income countries in mitigating the impacts of the COVID-19 pandemic.

Key issues currently under discussion include the slow global economic growth, high inflation rates, rising global debt, and disparities in economic policies among nations.

Al-Sayari highlighted the importance of the G20’s Common Framework for Debt Treatments, a key initiative launched during Saudi Arabia’s presidency of the group. The framework aims to alleviate the debt burden of the world’s most vulnerable countries, a concern that has grown more pressing as sovereign debt levels reach unprecedented heights.

The governor underscored the alignment between the objectives of Saudi Arabia’s Vision 2030 and the G20’s goals, particularly in fostering financial stability and sustainable development. This includes initiatives to develop financial markets, mitigate risks, adopt global best practices, and ensure the financial sector’s stability while expanding its services and products to support the transition to a sustainable economy.

Moreover, Al-Sayari pointed out ongoing efforts to enhance the fintech sector through updated regulatory frameworks and improved guidelines. The Kingdom also aims to increase financial inclusion and awareness by providing individuals and businesses with access to licensed financial services, ensuring consumer protection, and promoting fairness and transparency in financial transactions.