As Saudi Arabia hosts the virtual G20 Leaders' Summit on November 21-22, it will help shape a $5 trillion pandemic response stimulus package that is to include clear climate mitigation measures. RIYADH/BEIRUT (Reuters) - When Saudi Arabia, the world’s top oil exporter and a leading U.S. ally, took over the G20 presidency in December 2019, hopes in the kingdom were high. "[8], In the sideline of the summit, Saudi Arabia will be organizing preparatory ministerial meetings as well as other meetings of high governmental officials and representatives from the private sector and non-governmental organizations. Saudi Arabia hosts the G20 summit Saturday in a first for an Arab nation, with the downsized virtual forum dominated by efforts to tackle the … G20.org . The Saudi G20 Presidency will host a high-level side meeting at the G20 Summit Side Event on Safeguarding the Planet: The Circular Carbon Economy (CCE) Approach will start at 3:30 PM AST. Women 20 is one of the 8 official G20 policy recommendation engagement groups. Saudi Arabia's Monetary Authority had issued the new note on October 24. [11][12], On 7 October 2020, the European Parliament released a resolution denouncing the human rights violations of Saudi Arabia. Under Saudi Arabia’s presidency, G20 has been resilient and spearheaded global action needed to deal with the pandemic. Saudi Arabia is not only a key player in the region, it plays an important role in stabilizing the global economy. The G20 Leaders’ Summit held in March was instrumental in developing a consensus among G20 countries to contain the spread of the pandemic and laid a foundation to the subsequent G20 ministerial meetings. When Saudi Arabia, the world's top oil exporter and a leading U.S. ally, took over the G20 presidency in December 2019, hopes in the kingdom were high. Saudi Arabia is the first Arab nation to host a G20 summit. This year’s Y20 Summit will take place in the Kingdom of Saudi Arabia from 15 to 17 October 2020. Amid criticisms for funding shortfalls by member states, Saudi Arabia in a statement elaborated on how G20 countries have been at the forefront of the fight against the COVID-19 pandemic, in the same statement Saudi Arabia noted that the member countries have contributed more than $21 billion for the production and distribution of vaccines along with injecting a separate amount of $11 … Mohammed Al-Jadaan, Minister for Finance will be holding the G20 Presidency Press Conference now. G20 host Saudi Arabia is seeking to remove the term “fossil fuel subsidies” from policy briefs expected to inform ministerial and leaders’ summits later this year. Embarrassment for the kingdom, the current G20 president, as it gears up to host world leaders next month. Read - Upcoming G20 Summit Will Be A Milestone: Saudi Arabia The world will not forget Saudi Arabia’s presidency of the G20, especially that it carried forth the vision of providing a new impetus to global cooperation around the unifying theme of “Realizing Opportunities of the 21st Century for All”. — G20 Saudi Arabia (@g20org) November 20, 2020 He also hailed “encouraging developments” on the development of a COVID-19 vaccine, following promising test results from Moderna and Pfizer. UN Special rapporteur Agnes Callamard says countries should not accept that the next G20 will be held in Riyadh, Saudi Arabia. Under Saudi Arabia’s presidency, G20 has been resilient and spearheaded global action needed to deal with the pandemic. Through this event, the Saudi government is trying to make the public forget about their human rights abuses. And on Saudi Arabia’s great rival, Iran, she said there was a reason why Saudi Arabia was chairing the G20, and Iran was isolated. The G20 Leaders’ Summit is taking place virtually across Saturday November 21 to Sunday November 22. Following the 2008 economic crisis, it became a … G20 member countries should press Saudi Arabia to release everyone detained unlawfully and provide accountability for past abuses in advance of the virtual G20 leaders’ summit on November 21, 2020. Saudi Arabia will virtually host the G20 World Leaders’ Summit on November 21-22. Prime Minister of Italy, Giuseppe Conte will be giving a speech as the holder of the upcoming G20 Presidency. The move seems to go against a 2009 commitment by the club of major economies to phase out “inefficient fossil fuel subsidies that encourage wasteful consumption”. Fahad Al-Mubarak, G20 Sherpa, and H.E. [13], Under the Group of Twenty (G20) Riyadh summit, Saudi Arabia planned on hosting the B20 event, for which it was criticized by human rights groups and pro-democracy activists over the treatment of women in the country. Activists urged diplomats, politicians and blue chip companies like HSBC, MasterCard and PepsiCo., to boycott the business event and said Saudi Arabia's real change-makers are behind bars, continuously facing abuse in prison cells, including electric shocks, flogging and sexual assault. The Y20 is a forum for developing cooperation with the future generation, and provides a platform for young people to have their voices heard on issues relevant to the G20 agenda. View Article. After signs of stabilization at the end of 2019, global economic growth is expected to pick up modestly in 2020 and 2021. Saudi Arabia's first participation in the G20 meetings was in 2008 Washington summit. We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. The G20 Saudi Secretariat was established to support, coordinate and collaborate with all Saudi government efforts leading to the G20 Presidency in 2020. [14], The Secretary of State for Foreign, Commonwealth and Development Affairs, Dominic Raab, received calls in November 2020 to boycott the G20 summit in Saudi Arabia because of the Kingdom's atrocious human rights record and recent attempts of driving the Bedouin tribe from their land to make way for its upcoming futuristic megacity project, Neom.[15]. A Conversation with G20 Labour Sherpas Blog by: Dr. Ilham Mansour Al-Dakheel Over the last several months, the B20 Saudi Arabia’s Future of Work & Education Taskforce has worked diligently on recommendations for more and better employment, inclusive growth and sustainable development. The G20 Saudi Arabia meeting will be held virtually as the world, and the US in particular, is ravaged by the coronavirus pandemic which has led to more than 55 million cases and 1.3 million deaths. The MEPs also criticized the country for keeping women's and other human rights defenders in detention, and urged the European Union members to downgrade their diplomatic and institutional representation at the Riyadh G20 Summit. Saudi Arabia hosts the G20 summit Saturday in a first for an Arab nation, with the downsized virtual forum dominated by efforts to tackle the coronavirus pandemic and a crippling economic crisis. The resolution passed by Member of the European Parliament (MEPs) published highlighting the Kingdom's brutal treatment of the Ethiopian migrants, who were abandoned by the Houthis in Yemen and later detained by Saudi authorities. [2] However, due to the COVID-19 pandemic, it was held virtually. The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP would … A series of demands such as, moving towards a zero-carbon economy, guaranteeing access of information to all, fully integrated gender perspective plans, were made by Amnesty. The current presidency typically cooperates closely with the previous and upcoming presidencies to set the G20 agenda and organize a smooth transition from one year to the next. On preserving the planet, Saudi Arabia worked to unite the stances of G20 countries to work on policies that promote a better more sustainable future, including the importance of conserving the environment and natural resources and addressing climate change. The Group of Twenty (G20) is the central forum for international cooperation on financial and economic issues. The Gulf nation had taken over the rotating G20 presidency in 2020 and announced the theme for the summit as ‘Realizing opportunities of the 21st century for all’ chaired by Saudi Arabia's King Salman back in September. Saudi Arabia assumed the G20 Presidency on December 1, 2019 with an ambitious theme, namely 'realising opportunities of the 21st century for all'. Saudi Arabia, which is presiding over the Group of 20 countries this year, said Monday that the upcoming November gathering of world leaders will be held virtually amid the coronavirus pandemic. Welcome! The virtual G20 summit, held online in the Saudi capital on 21 and 22 November, may have deprived Mohammed bin Salman (MBS) of a prime opportunity to polish Saudi Arabia’s image – tarnished by allegations of human rights violations – but, if nothing else, it provided a rough sketch of the kingdom’s political future in the wake of Joe Biden’s election win. 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