Saudi Arabia calls on the World to suppress global supply chain disruptions
Saudi Finance Minister Muhammad Al-Jadaan revealed, on Friday, that he made it clear at a meeting of G20, that concerns related to the “Covid-19” pandemic and its variables, in addition to geopolitical tensions, have increased supply chain disruptions and affected food and energy security.
“From this standpoint, I refer to the need to protect supply chains from any future disruptions while supporting the Indonesian presidency’s position on the importance of the G20’s response to the challenges of energy and food security, and the protection of the most vulnerable groups,” Al-Jadaan added.
The Saudi Finance Minister had earlier called on G20 members to support the distribution of fertilizers to farmers and to enhance communication between producers and users.
This comes at a time when G20 finance officials held a meeting, which began last Thursday, in Washington, in light of a global economic situation suffering from the consequences of the Russian invasion of Ukraine, while Russia’s participation raises doubts about the possibility of reaching any settlement.
Last week, financial officials discussed the issues of the International Monetary Fund’s (IMF) special drawing rights allocations for poor countries, debt, and the state of the global economy eight months after the Russian war on Ukraine.
The “G20” meetings coincide at a time when the International Monetary Fund announced, a few days ago, that the global economy has recorded a severe slowdown, announcing reduced expectations for global growth next year, and anticipating a recession in Germany and Italy.
Saudi Arabia is actively participating in the G-20 meetings, held in Bali, Indonesia, where Saudi Foreign Minister Prince Faisal bin Farhan stressed, before the summit last July, that the Kingdom is engaged with the international community to facilitate growth and recovery.
He added that his country will spare no effort in supporting the Indonesian presidency of G20 and engaging with the global community in general, to enhance global cooperation.