Saudi Arabia committed to achieving sustainable development goals, says envoy to UN

Abdallah Al-Mouallimi, Saudi Arabia’s permanent representative to the UN, speaks during the sustainable development forum in New York. (SPA)
Updated 21 July 2019

Saudi Arabia committed to achieving sustainable development goals, says envoy to UN

  • Abdallah Al-Mouallimi, Saudi Arabia’s permanent representative to the UN, said the Kingdom committed to sustainability as part of Vision 2030
  • Al-Mouallimi pointed out that the Kingdom continues to strengthen its measures on climate change

NEW YORK, US: Saudi Arabia is committed to achieving sustainable development, and the Kingdom’s Vision 2030 plans fall in line with the economic, social, and environmental dimensions of sustainable development, said Abdallah Al-Mouallimi, Saudi Arabia’s permanent representative to the UN.

In his address to the UN High-Level Political Forum (HLPF) on sustainable development, Al-Mouallimi said that this year’s focus on empowerment, justice, comprehensiveness, and expertise exchange and capacity building would have a great impact on achieving the objectives of the sustainable development agenda and on overcoming the obstacles to a more inclusive and just world.

Al-Mouallimi stressed the Kingdom’s continuous efforts to create jobs through strategic initiatives and giant projects, and its great achievement in integrating its financial market to the indexes of international emerging markets, and to the UN initiatives for sustainable markets.

With regards to the environment, Al-Mouallimi pointed out that the Kingdom continues to strengthen its measures on climate change, toward the full implementation of the Paris Convention. In addition, it continues its cooperation with other GCC countries to meet global, environmental, and climatic challenges related to fossil fuel uses.

Al-Mouallimi noted that the Quality of Life Program 2020 continues to progress. The number of Saudi citizens over the age of 15 has increased by 50 percent in 2018. In addition, and as part of its commitment to the principle of inclusiveness and social diversity, a special residence system was established for non-Saudis to enable them to live with their families and to go about their work with ease.

 

 


G20 financial inclusion meeting explores technology to bridge gap

Saudi Arabia will host the G20 summit in November.
Updated 5 min 37 sec ago

G20 financial inclusion meeting explores technology to bridge gap

  • The G20 GPFI seminar was a one-day event that brought together speakers and attendees from G20 members and non-G20 countries

RIYADH: Financial inclusion and its potential for unlocking economic opportunities and enabling development was on the agenda for a G20 meeting held recently in Riyadh.

According to The Global Findex Database 2017, there are about 1.7 billion unbanked adults worldwide. Those excluded from financial services are disproportionately young people and women. In addition, the SME financing gap is estimated to be $4.5 trillion.
The first G20 Global Partnership for Financial Inclusion (GPFI) meeting was preceded by a seminar on the same subject.
There remain challenges in the field of financial inclusion despite significant progress over the past decade, according to a press statement about the meeting. The G20 GPFI is exploring how technological advancements can help bridge the gap in the number of young people and women with no access to banking services.
The G20 GPFI seminar was a one-day event that brought together speakers and attendees from G20 members and non-G20 countries, international organizations, nongovernmental organizations, multilateral development banks, standard-setting bodies, as well as regional and international regulators, and private sector stakeholders.

FASTFACT

According to The Global Findex Database 2017, there are about 1.7 billion unbanked adults worldwide. Those excluded from financial services are disproportionately young people and women. In addition, the SME financing gap is estimated to be $4.5 trillion.

In his opening remarks the Saudi co-chair of the G20 GPFI, Haitham Al-Ghulaiga, said: “The focus in 2020 will be to harness digital and innovative technologies to advance financial inclusion of youth, women and SMEs to unleash their full potential and contribution to economic growth in both advanced and emerging markets.”
Following the seminar, the Saudi G20 presidency presented its priorities and work program for the GPFI meeting, which focused on three areas: Advancing digital financial inclusion of youth, empowering women through digital financial inclusion, and promoting digital and innovative SME financing.
Saudi Arabia will host the G20 summit in November.