Jakarta: G20 Finance Ministers and Central Bank Governors (FMCBGs) plan to meet under the Saudi G20 Presidency on Wednesday.
The meeting aims discuss the global economic development and outlook the downside risks and the possible policy responses to safeguard against it and support a swift and sustained global economic recovery.
FMCBGs will also discuss updates to the G20 Action Plan – Supporting the Global Economy through the Covid-19 Pandemic (the G20 Action Plan) in addition to the progress made on the G20 Debt Service Suspension Initiative and its proposed extension into 2021.
"The meeting will be co-chaired by Mr. Mohammed Aljadaan, Saudi Minister of Finance, and Dr. Ahmed Alkholifey, Governor of the Saudi Arabian Monetary Authority," stated The Saudi G20 Secretariat in a press release on Monday.
Traditionally, the October G20 Finance Ministers and Central Bank Governors meeting is held in Washington D.C. on the sidelines of the International Monetary Fund and World Bank Group Annual Meetings.
Due to the ongoing covid-19 pandemic, G20 meetings are currently held virtually.