Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance

Prince Turki Al-Faisal, chairman of King Faisal Center for Research and Islamic Studies (KFCRIS), mentioned that multilateralism is under pressure.  (File photo: AP)
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Updated 20 January 2020

Saudi Arabia's Prince Turki Al-Faisal: Multilateralism can encourage dialogue, genuine collaboration if given the chance

  • “Multilateralism can encourage dialogue and genuine collaboration if given the chance", the prince said

RIYADH: Multilateralism and global governance, a central principle to solving international issues, is under threat and its decline was the main topic of discussion at the Think 20 (T20) inception conference, an intellectual backbone for the G20.

At the opening keynote address, Prince Turki Al-Faisal, chairman of King Faisal Center for Research and Islamic Studies (KFCRIS),  told the attendees, “multilateralism can encourage dialogue and genuine collaboration if given the chance. Presumably alliances and teamwork are good things and that corporation under a role base system.”

During the T20 conference, the research and policy advice network for the G20, held at King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh on Sunday, Al- Faisal mentioned that multilateralism is under pressure. 

“Fear takes over many developed societies, high popular expectations, mistrusting, national and international systems and institutions and various political and economic concepts are the only ingredients that are promoting extreme nationalism and isolations, which is ironic since most of those societies have benefited from multilateral initiatives and are likely to continue to prosper a union rather than an isolation," Prince Turki said.

During the "Multilateralism for a Prosperous World” session, Prince Turki mentioned the issue of where international interests lies. 

“I think we are facing a potential for divisions continued rather than being removed from the world stage whether it is on trade as we see the various issues that have come up in the world. These are all challenges that the world faces and I hope that through events like G20, specifically that T20, it should provide the research and the policy recommendations and find solutions,” he added. 

Faisal bin Fadel Al-Ibrahim, vice minister of economy and planning, said in the aftermath WWII, organizations such as the UN, the IMF, and the World Bank were seen as instrumental institutions in which multilateral cooperation occurred. He also mentioned that one of the major challenges of the 21st century was trying to update current multilateral institutions to the rise of emerging nations.

Abdul Aziz Al-Rasheed, deputy minister of finance, pointed out that the main challenges that multilateral organizations are facing is that “they have delivered in terms efficiency but I think that they failed in terms of distribution.”

Al-Rasheed mentioned that Saudi Arabia’s G20 theme is to realize the opportunities of the 21st century, “multilateralism organizations and platforms have to deliver for all and not for the few,” he said. 


Saudi Arabia announces 16 more deaths from COVID-19 as restrictions partially eased

Updated 28 May 2020

Saudi Arabia announces 16 more deaths from COVID-19 as restrictions partially eased

  • The health ministry announced 3,531 new cases of recovery
  • Saudi Arabia will see a partial ease in coronavirus lockdown restrictions from Thursday

RIYADH: Saudi Arabia announced 16 more deaths from the novel coronavirus COVID-19 and 1,644 new cases of the disease on Thursday.
The health ministry urged citizens and residents to abide by measures to prevent the spread of the virus as the Kingdom starts to ease coronavirus lockdown restrictions from Thursday.
Of the new cases, 611 were recorded in Riyadh, 360 in Jeddah, 148 in Makkah, 101 in Dammam and 91 in Hufof.
The health ministry also announced 3,531 new cases of recovery, which brings the total number of patients who have recovered in the Kingdom so far to 54,553.
A total of 441 people have died from the coronavirus in the Kingdom so far.