Riyadh Governor Inaugurates 11th Riyadh Economic Forum on Monday

Riyadh Governor Inaugurates 11th Riyadh Economic Forum on Monday
TT

Riyadh Governor Inaugurates 11th Riyadh Economic Forum on Monday

Riyadh Governor Inaugurates 11th Riyadh Economic Forum on Monday

Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Governor of Riyadh Region Prince Faisal bin Bandar bin Abdulaziz will inaugurate on Monday the 11th edition of the Riyadh Economic Forum.
The event will be attended by ministers, government officials, business leaders, and economy experts.
The three-day forum will focus on key economic and development issues in sessions that aim to come up with effective solutions and recommendations that strengthen the national economy to help it respond to emerging challenges.
Chairman of the forum's Board of Trustees Dr. Khalid Al-Rajhi said that the Custodian of the Two Holy Mosques' patronage offers vital support to the forum, strengthening its efforts to research ways to boost the national economy and the private sector's role in economic development, all in line with Vision 2030.



Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)
TT

Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)

US President Joe Biden has pledged a $4 billion US contribution to the World Bank's International Development Association (IDA) fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday, Reuters reported.

Biden announced the US pledge during a closed session during the Group of 20 summit in Rio de Janeiro, according to the sources, who spoke on condition of anonymity.

The amount is a record and substantially exceeds the $3.5 billion that Washington committed in the previous IDA replenishment round in December 2021.