• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In

G20 Finance Ministers to Discuss Collective Action for Sustained Global Recovery

July 17, 2020 News Bulletin

On July 18, 2020, the G20 Finance Ministers and Central Bank Governors (FMCBG) will host a virtual meeting to continue discussions on the global economic outlook and plan collective action needed for a sustained global economic recovery. 

This meeting follows the Extraordinary G20 Leadership Summit on March 26 of this year, in which the G20 FMCBG committed to combating the COVID-19 pandemic and laying the foundations for a quick economic recovery, while enacting measures to better protect against future shocks.  

The G20 Action Plan, formed in response to COVID-19, was endorsed by the G20 FMCBG on April 15 – this action plan will be the subject of review and implementation tracking in upcoming FMCBG meetings. The Action Plan also aims to strengthen financial assistance for countries in need, through measures such as suspending debt and delivering over $14 billion in relief funds to the poorest countries. 

Progress on key measures from the G20 Finance Track will also be reviewed at the FMCBG meeting; these measures include enhancing access to opportunities for all, financial resilience and development, infrastructure investment, addressing tax challenges arising from the digitalization of the economy, and financial sector issues around enhancing global cross-border payment arrangements, London Interbank Offered Rate (LIBOR) transition and digital financial inclusion for youth, women, and supporting SMEs. 

Share
0

You also might be interested in

Weekly Market Brief – 12/23/2022

Weekly Market Brief – 12/23/2022

Dec 28, 2022

Saudi Arabia Macroeconomic Developments Saudi Arabia’s holdings of U.S. Treasuries[...]

Top Leaders Gather for USSABC Business Conference in Los Angeles

Top Leaders Gather for USSABC Business Conference in Los Angeles

Aug 25, 2016

On August 25, 2016, the U.S.-Saudi Arabian Business Council (USSABC)[...]

Lockheed Martin Awarded Contract to Supply Kingdom with THAAD System

Lockheed Martin Awarded Contract to Supply Kingdom with THAAD System

Mar 27, 2020

March 25, 2020 – Lockheed Martin Corporation has secured a[...]

  • About Us
  • Membership
  • Visa Services
  • Events & Programs
  • Advisory Services
  • Resources
  • Store

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
P.O. Box: 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next