Latest press releases

B20 Saudi Arabia Convenes Business and Health Leader to Assess Preparedness for the Impact of COVID-19 Second Wave

B20 Saudi Arabia Convenes Business and Health Leader to Assess Preparedness for the Impact of COVID-19 Second Wave

16 July 2020

B20 Saudi Arabia organized a virtual event today to convene leading experts from business, government and international organizations for a conversation on planning for possible rebound of infection. Experts and business leaders reviewed what steps should be taken to prepare for a second wave, its potential impact on the global economy and what governments and business must do to mitigate the risk.

B20, WTO and ICC JOINT STATEMENT ON TRADE FINANCING AND COVID-19

B20, WTO and ICC JOINT STATEMENT ON TRADE FINANCING AND COVID-19

9 July 2020

B20, WTO and ICC released a joint statement today to draw attention to the significance of the growing trade finance gap and suggest possible avenues for private and public sector actors to work together to reduce it. The statement also welcomes the many positive emergency measures that many central banks, governments, development banks and regulators have taken, which helped stabilize the situation in trade finance markets.

B20 Announces Six Policies World Leaders Must Adopt to Accelerate Economic and Health Recovery from COVID-19

B20 Announces Six Policies World Leaders Must Adopt to Accelerate Economic and Health Recovery from COVID-19

6 July 2020

B20 Saudi Arabia today announced a six-point plan designed to combat the current global pandemic and lay a foundation to address future resurgences of the disease, including a potential “second wave” of the virus in the coming months. More than 750 business leaders from the G20 countries and beyond, including from multinational corporations and micro, small and medium-sized enterprises (MSME), provided input to the report.

B20 & S20 JOINT STATEMENT ON DIGITALIZATION IN RESPONSE TO COVID-19

B20 & S20 JOINT STATEMENT ON DIGITALIZATION IN RESPONSE TO COVID-19

29 April 2020

As the world tries to find effective solutions to the COVID-19 pandemic, governments and businesses are becoming increasingly reliant on digital technologies to support their communities and citizens. The B20 and S20 call on the G20 Leaders to act on a list of short-term and medium-term priorities for a swift and globally coordinated response on a number of important policy issues across the entire spectrum of the digital domain.

B20 Saudi Arabia Convenes Global Business and Health Leaders to Assess What the World Will Look Like After the COVID-19 Crisis

B20 Saudi Arabia Convenes Global Business and Health Leaders to Assess What the World Will Look Like After the COVID-19 Crisis

22 April 2020

B20 Saudi Arabia hosted a virtual plenary session entitled “Reviving Business for a New Normal”. The event featured three panel discussions with prominent business and public health leaders from the WHO, ICC, Bayer, Enel and Case Foundation. Mr. Yousef Al-Benyan, Chair of B20 Saudi Arabia kicked off the plenary attended by more than 600 participants from across the world.

Statement on Finance and Trade

Statement on Finance and Trade

14 April 2020

COVID-19 has hurt the global economy by squeezing both supply and demand, causing an immediate shock to cash flows of businesses. The B20 urges the G20 to develop an action plan to tackle the unfolding economic crisis keeping an eye on unintended consequences. The B20 proposes a set of pragmatic recommendations to the Finance Ministers, the Central Bank Governors, and the Trade and Investment Ministers of the G20 to commit to and include in their Action Plan.

Joint Statement on Employment, Skills & Women by B20, L20 and W20

Joint Statement on Employment, Skills & Women by B20, L20 and W20

5 April 2020

B20, L20 and W20 welcome the commitment of the G20 Leaders made at the Extraordinary Summit on 26 March and call for urgent and coordinated efforts by the G20 to contain the impact of COVID-19 pandemic on the workforce. There is an urgent need for the G20 to take coordinated and gender-sensitive response to an unprecedented global health, social and economic crisis, even while governments enact national measures.

B20 Saudi Arabia welcomes the G20 Leaders’ commitment to tackle the COVID-19 pandemic

B20 Saudi Arabia welcomes the G20 Leaders’ commitment to tackle the COVID-19 pandemic

27 March 2020

B20 Saudi Arabia welcomes the statement on the need for global coordination to respond to the impact of COVID-19, announced at the end of the Extraordinary G20 Leaders’ Summit. We commend the leadership of the Kingdom of Saudi Arabia, in particular The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, for organizing the meeting at this critical juncture and address this devastating pandemic.

Open letter to G20 Heads of State and Government by B20 Saudi Arabia, ICC and WHO

Open letter to G20 Heads of State and Government by B20 Saudi Arabia, ICC and WHO

23 March 2020

B20 Saudi Arabia in partnership with the International Chamber of Commerce (ICC) and the World Health Organisation (WHO), wrote an open letter to G20 Heads of State and Government appealing for coordinated action by G20 leaders in response to the COVID-19 pandemic - an unprecedented health and economic crisis.

B20 Saudi Arabia announces long-term initiative to address Covid-19 and similar pandemics

B20 Saudi Arabia announces long-term initiative to address Covid-19 and similar pandemics

19 March 2020

The impact of the COVID-19 pandemic on the global business community has been both disruptive and far reaching. B20 Saudi Arabia has launched a unique initiative to address the current issue at hand alongside preparing for future crises with similar or even more devastating impact on the business and financial markets.