While wealthy nations including the US have unveiled mammoth stimulus packages, there has so far been no collective action plan from the G20, and it has been criticised for its slow response.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…1873 Views | the publication reaches you by | Saudi Arabia Today
“We must have an effective and coordinated response to this pandemic and restore confidence in the global economy,” he said.
“This human crisis requires a global response. The world counts on us to come together and cooperate in order to face this challenge.”
As concerns mount for poorer countries without access to capital markets and adequate health facilities, the IMF and World Bank have urged G20 leaders to support its call for governments to put debt payments on hold.
“It is our responsibility to extend a helping hand to developing countries and least developed countries to enable them to build their capacities and improve their infrastructure to overcome this crisis and its repercussions,” King Salman said.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…1627 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?