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Saudi G20 Presidency Says to Restore Growth with People-Centered Agenda

Saudi G20 Presidency Says to Restore Growth with People-Centered Agenda

Sunday, 22 November, 2020 - 12:45
Members of the media watch on a projected screen at the International Media Center in Saudi Arabia's capital Riyadh as Saudi King Salman bin Abdulaziz gives an address opening the G20 summit on November 21. Fayez Nureldine/AFP

The Saudi G20 Presidency on Sunday expressed commitment to working with members of the Group of 20 to ensure vaccines will be available at an affordable price and on an equitable basis.

On the second and last day of the G20 Leaders Summit, the Saudi G20 Secretariat said: “The pandemic has accelerated the need for coordinated and collaborative work on long-term and forward-looking solutions and has also demanded a quick reaction to protect the people while we ensure the continuity of businesses.”

“The G20 Saudi Presidency is committed to working with G20 members to ensure vaccines will be available at an affordable price, on an equitable basis, where they are most needed and as quickly as possible, and incentivize innovation consistent with members' international commitments.”

It called for global cooperation to shape a better world.

The statement said that “the Saudi Presidency is committed to promoting policy discussions to ensure equal opportunities for all” and “fostering a people-centered approach to effectively overcome the 21st century challenges.”

“The aim of the presidency is to empower people by further creating equal opportunities for women and youth through access to advanced education, universal health care and adequately protecting people from labor market risks in a changing world of work,” it added.

It called for addressing inequalities by supporting the most vulnerable high-risk groups to save lives and protect livelihoods while shaping a better future.

It said “the G20 countries will continue working towards recovery of international trade and investment, supporting the necessary reform of the World Trade Organization (WTO) to which the Riyadh Initiative on the Future of the WTO provides political support, encouraging greater international competitiveness of Micro-, Small and Medium-Sized Enterprises, fostering economic diversification; and strengthening international investment.”

“The G20 Action Plan provides specific actions to protecting lives; safeguarding people’s jobs and incomes; restoring confidence, preserving financial stability, reviving growth and recovering stronger; minimizing disruptions to global supply chains; providing help to all countries in need of assistance; and coordinating on public health and financial measures,” the statement added.

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