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Saudi Arabia participates in closing of UN high-level political forum 2021

Saudi Minister of Economy and Planning Faisal bin Fadhel Al-Ibrahim

Saudi Arabia’s Minister of Economy and Planning Faisal bin Fadhel Al-Ibrahim led the Kingdom’s delegation at the closing session of the UN high-level political forum.

The session tackled the goals of sustainable development and followed up on plans for 2030 under the theme ‘ sustainable and flexible recovery from coronavirus.

Governmental agencies, private sector and non-profit organizations were represented in the delegation.

They showcased the Kingdom’s efforts to tackle the pandemic, and the initiatives to cushion the financial impacts of the pandemic.

Moreover, the delegation presented the Kingdom’s environmental efforts, highlighting the Saudi green and the Middle East green initiatives.

Al-Ibrahim called on the international community to work together to enhance social, environmental and economic efforts, according to the Saudi Press Agency (SPA).

He noted that only nine years are separating the world from the 2030 SDG goals deadline.

The pandemic took its toll on the Saudi economy, especially with the drop in oil prices and the widening of fiscal deficit in 2020 to %11.3 of the GDP.

However, the measures taken by Saudi authorities to support the private sector enterprises and protect jobs, have considerably contributed to preserving the stability of the economy of the Kingdom, the Minister said, citing the IMF’s report of Article 4 consultations for 2021.

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