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Al-Jadaan, Keynote Speaker, at G20 Finance Ministers’ Meeting, Stresses Significance of Consensus

Riyadh, Minister of Finance Mohammed bin Abdullah Al-Jadaan has participated in the working dinner of the G20 finance ministers on Thursday, November 29, 2018, on the sidelines of the G-20 Summit, in Buenos Aires, as the keynote speaker, at the encounter.

The first session focused on the developments, in the global economy, risks surrounding volatility of financial markets and the growing trade differences, the lessons learned over the last ten years, since the Group's first summit, in November 2008, and the cooperation to meet the future challenges of achieving sustainable and comprehensive growth.

While the second session tackled the financial track of the group's work and how to activate the group's role by building on what has been achieved, mechanisms to reach consensus on controversial financial and economic issues and streamlining the G20 agenda.

Al-Jadaan thanked the Argentine Presidency for pushing forward the agenda and efforts to reach consensus on the issues, stressing the importance of consensus among the members of the group, the need to make the group more efficient and focus on an effective agenda reflecting the role of the group, in addressing pressing global issues, through: a central agenda for each ministerial meeting, with a minimum number of subjects through which practical results can be achieved on the ground, interactive discussion, at the level of experts to prepare the work schedule and prepare for meetings of ministers and governors of central banks, is a must, too, he added, and establishing clear terms of reference for each working group and reduce the number of meetings, is required, the minister said, referring to the Kingdom's aspiration to join the troika group, he concluded.

Source: Saudi Press Agency

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