Framework Working Group Meet To Review Progress On G20 Action Plan

The G20 Framework Working Group concluded its sixth and final meeting under the Saudi presidency.

The group discussed the progress report on the G20 action plan and explored ways to return to strong, sustainable, balanced, and inclusive growth.

Participants included representatives of the G20 finance ministers and central bank governors in addition to relevant international organizations.

During the meeting, participants discussed the global economic development, the future outlook, and the progress made in line with the G20 action plan.

Commenting on the group’s progress report, Dr. Naif Alghaith, the Lead of the Saudi FWG team, said: “The impact of the crisis was quick and severe, presenting the G20 with a unique challenge to act swiftly and collectively.

Speaking to the FWG's updated progress report which will be submitted during the Riyadh G20 Leaders Summit in November 2020, Dr. Naif Alghaith, the Lead of the Saudi FWG team, said, “The impact of the crisis was quick and severe, presenting the G20 with a unique challenge to act swiftly and collectively.”

The endorsement of the Action Plan by G20 Finance Ministers and Central Bank Governors in April and its subsequent update in October is a testament to the G20's well-coordinated and prompt response, which would have not been possible without the utmost determination and cooperation of all member countries to alleviate the toll of the pandemic on the global economy.”

The IMF and the OECD presented their latest assessments on the global economy.

The meeting ended with a presentation by the Italian FWG team, offering an overview of priorities of the upcoming Italian G20 presidency.

saudi gazette .