Saudi Arabia, Canada Launch New Phase of Cooperation in Education, Knowledge, Capabilities

The Canadian ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in the educational fields. (Asharq Al-Awsat)
The Canadian ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in the educational fields. (Asharq Al-Awsat)
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Saudi Arabia, Canada Launch New Phase of Cooperation in Education, Knowledge, Capabilities

The Canadian ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in the educational fields. (Asharq Al-Awsat)
The Canadian ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in the educational fields. (Asharq Al-Awsat)

Riyadh hosted on Tuesday the first Saudi-Canadian Forum for Educational Partnership, in the presence of Saudi Minister of Education Yousef Al-Benyan and Canadian Ambassador to the Kingdom Jean-Philippe Linteau.

The forum aims to strengthen cooperation and partnerships between educational institutions in the two countries. It witnessed the participation of around 180 experts and stakeholders in the fields of education, health and industry.

Al-Benyan underlined the importance of education in achieving the goals of Saudi Arabia’s Vision 2030, especially in terms of qualifying students to compete globally. He noted that the forum reflected the commitment of Saudi Arabia and Canada to develop the existing strategic partnership between them.

The minister touched on his recent visit to Canada and pointed to many existing opportunities for cooperation in the fields of general and higher education, early childhood programs, teacher development, in addition to medical, technical and vocational training programs.

He stressed the importance of boosting cooperation between the two countries in research and development in priority areas in line with Vision 2030.

In remarks to Asharq Al-Awsat, Linteau said Canada is a committed partner in supporting the Kingdom’s move towards a knowledge-based economy as described in the goals of Vision 2030.

He added that the forum will serve as a platform for dialogue, communication and cooperation in the fields of joint research, technical training, capacity building, student and faculty exchange, curriculum development and opening external centers.

The ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in education due to the importance of this sector in developing human capital and supporting innovation to achieve a prosperous future for the two countries.

The forum aims to explore the most important areas of educational cooperation, such as: information technology, tourism, health care, clean energy, mining, and agriculture, he went on to say.



US Treasury's Bessent Urges IMF, World Bank to Refocus on Core Missions

 Treasury Secretary Scott Bessent speaks, Wednesday, April 23, 2025, to the Institute of International Finance Global Outlook Forum at the Willard Hotel in Washington. (AP)
Treasury Secretary Scott Bessent speaks, Wednesday, April 23, 2025, to the Institute of International Finance Global Outlook Forum at the Willard Hotel in Washington. (AP)
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US Treasury's Bessent Urges IMF, World Bank to Refocus on Core Missions

 Treasury Secretary Scott Bessent speaks, Wednesday, April 23, 2025, to the Institute of International Finance Global Outlook Forum at the Willard Hotel in Washington. (AP)
Treasury Secretary Scott Bessent speaks, Wednesday, April 23, 2025, to the Institute of International Finance Global Outlook Forum at the Willard Hotel in Washington. (AP)

US Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate change that have reduced their effectiveness.

Bessent, in remarks outlining his vision for US engagement with the IMF and World Bank on the sidelines of the institutions' spring meetings, said that they serve critical roles in the international financial system.

"And the Trump administration is eager to work with them - so long as they can stay true to their missions," Bessent said in prepared remarks to the Institute of International Finance.

"The IMF and World Bank have enduring value. But mission creep has knocked these institutions off course. We must enact key reforms to ensure the Bretton Woods institutions are serving their stakeholders - not the other way around," he said, calling on US allies to join the effort. "America First does not mean America alone."

Bessent said the IMF needed to focus on its key mandate and adhere to strong standards in its lending.

"The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues. These issues are not the IMF's mission."

"And sometimes, the IMF needs to say 'No.' The organization has no obligation to lend to countries that fail to implement reforms."

Bessent added that the World Bank must be "tech-neutral and prioritize affordability in energy investment. In most cases, this means investing in gas and other fossil fuel-based energy production."

He added that it could also finance renewable energy projects along with systems to manage energy latency in wind and solar.