First G20 Finance Ministers meeting starts in Riyadh on Saturday

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Finance Minister Al-Jadaan will chair the first G20 Finance Ministers and Central Bank Governors meeting under the Saudi G20 Presidency in Riyadh on Saturday.

RIYADH — The Saudi capital is set to host the first G20 Finance Ministers and Central Bank Governors meeting under the Saudi G20 Presidency on Feb. 22–23

The meeting will bring together finance ministers and central bank governors from G20 countries and invited countries, as well as heads of international and regional organizations.

Finance Minister Mohammed Al-Jadaan and the Central Bank Governor Ahmed Alkholifey will chair the meeting. The finance ministers and central bank governors will discuss global economic outlook and possible policy responses to support growth and safeguard against downside risks.

In addition, they will discuss the priorities of the Saudi G20 Presidency under the theme of “Realizing Opportunities of the 21st Century for All”, including enhancing access to opportunities for all.

They would address the tax challenges arising from the digitalization of the economy, utilizing the benefit of technology for infrastructure, developing domestic capital markets, and framing supervisory and regulatory issues for the digital era.

On the margins of the meeting, the Saudi G20 Presidency will be hosting a ministerial-level G20 Symposium on International Taxation in Riyadh on Saturday (Feb. 22).

The symposium will discuss the progress made on tax transparency and will focus on addressing the tax challenges arising from the digitalization of the economy.

Finance Minister Al-Jadaan will deliver the opening remarks and participate in the discussion on digital taxation. — SG


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