The Saudi Deputy Minister of Finance for International Relations, Khalid Bawazier, led the Kingdom’s delegation at the third meeting of the G20 Finance and Central Bank Deputies held May 14-15 in Fort Lauderdale, Florida.
Bawazier said that significant progress had been made during this year’s G20 Finance Track meetings. He emphasized the importance of maintaining focus on practical outcomes, especially regarding support for sustainable growth, coordination among creditors on sovereign debt issues, and enhancing international economic cooperation amid ongoing global challenges.
The event included a dialogue session with members of the American private sector to discuss solutions for strengthening the private sector’s role in economic development. Participants from the private sector noted that Saudi Arabia serves as a successful example by setting a clear vision that encourages investment and joint work between countries.
Discussions during the meetings covered global economic developments, sustainable growth strategies, sovereign debt challenges, and global imbalances. Attendees explored ways to address these risks through increased international cooperation.
The United States assumed the presidency of the G20 from South Africa in December 2025. The U.S. presidency is focusing on three main areas: launching economic prosperity by reducing regulatory burdens, ensuring reliable and affordable energy supply chains, and advancing new technologies and innovations.
