Crown prince leads Saudi delegation at Summit for New Global Financial Pact

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Updated 22 June 2023
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Crown prince leads Saudi delegation at Summit for New Global Financial Pact

  • Event attended by more than 300 officials, heads of state, business leaders
  • Summit announced last year by French President Macron and Barbadian PM Mottley

PARIS: Saudi Crown Prince Mohammed bin Salman led the Kingdom’s delegation at the Summit for a New Global Financial Pact in Paris, which kicked off on Thursday.

The event brought together more than 300 officials including heads of state, directors and representatives of international organizations and NGOs, private sector partners, philanthropists, climate experts, and members of civil society.

French president Emmanuel Macron opened the summit, which is set to focus on climate finance, by saying the global lending system needed to be reformed to ensure low-income countries “shouldn’t have to choose” between fighting climate change or poverty.

“We can make it work much better if this money and these liquidities were at the service of progress on the planet and tackling this double challenge that I mentioned: poverty and climate change, (and) biodiversity,” he said.

“Policymakers and countries shouldn’t ever have to choose between reducing poverty and protecting the planet,” he added.

WHO’S GOING?

Saudi Crown Prince Mohammed bin Salman

United Nations Secretary-General Antonio Guterres

World Bank Director Ajay Banga

IMF Managing Director Kristalina Georgieva

Chinese Premier Li Qiang

German Chancellor Olaf Scholz

President of the European Commission Ursula von der Leyen

President of the European Council Charles Michel

Brazilian President Luiz Inacio Lula da Silva

Egyptian President Abdel Fattah El-Sisi

South African President Cyril Ramaphosa

Also speaking at the summit, Antonio Guterres, secretary-general of the UN, said the global financial architecture is outdated.  

“We can take steps right now and take a giant leap to achieve global justice. I put forward the policy brief, a detailed blueprint for a redesigned global financial architecture capable of serving as a safety net for all countries,” he said.

“I have no illusions. This is a question of power and political will, and change will not happen overnight, but we can take urgent action today to meet the urgent needs of the developing and emerging economies,” he added.




French President Emmanuel Macron (R) and Saudi Crown Prince Mohammed bin Salman at the Palais Brogniart for the New Global Financial Pact Summit in Paris on June 22, 2023. (AFP)

Organizers said participants would be discussing institutional reforms on taxation, debt restructuring for poor countries, and an international carbon emissions tax, particularly in the maritime transport sector and on global financial transactions.

The summit, which concludes on Friday, was announced last year by French President Emmanuel Macron and Mia Mottley, Prime Minister of Barbados.

Macron said: “We must jointly agree on the best way to address these challenges in poor and emerging countries of the developing world, on the amount of investments, and on the reform of all infrastructures such as the World Bank, the International Monetary Fund, public and private funds.

Mottley said: “We must together build a more responsive, fair, and inclusive international financial system to combat inequalities, finance the climate transition, and bring us closer to achieving sustainable development goals.


Saudi Shoura Council speaker participates in Rome conference

Saudi Arabia's delegation was headed by the speaker of the Shoura Council, Dr. Abdullah bin Mohammed Al-Asheikh. (Supplied)
Updated 14 sec ago
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Saudi Shoura Council speaker participates in Rome conference

  • Event aims to build bridges, promote mutual understanding

ROME: The Second Parliamentary Conference on Interreligious Dialogue — titled “Strengthening Trust and Embracing Hope for our Common Future” — has started in Rome, with the participation of the Saudi delegation headed by Shoura Council Speaker Dr. Abdullah bin Mohammed Al-Asheikh. The event is being attended by heads of parliaments from around the world.

Lorenzo Fontana, the president of the Chamber of Deputies of Italy, praised the body’s significant and vital role, stressing the importance of the conference in building bridges and promoting mutual understanding.

 


Pesticides workshop held in AlUla

The workshop targeted farm owners, agricultural workers, and those interested in the sector. (SPA)
Updated 31 sec ago
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Pesticides workshop held in AlUla

  • The workshop was part of a series of different guidance programs and workshops implemented by the National Center for Palms and Dates throughout the year in many regions of the Kingdom

ALULA: A workshop, titled Safe Handling of Palm and Date Pest Pesticides, was held on Friday in the AlUla Governorate. The event, which was organized by the National Center for Palms and Dates, in collaboration with the Royal Commission for AlUla, took place in the agricultural sector of the commission’s headquarters.

The workshop targeted farm owners, agricultural workers, and those interested in the sector. It aimed to raise awareness about safe pesticide use while enhancing efficiency in agricultural pest control in a way that improves production quality while ensuring environmental safety.

The workshop was part of a series of different guidance programs and workshops implemented by the National Center for Palms and Dates throughout the year in many regions of the Kingdom. They bid to support the agricultural sector’s development and enhance sustainability practices.

 

 


KSrelief distributes shelter aid in Somalia’s Togdheer region

The assistance comes as part of a 2025 initiative to distribute shelter aid to displaced persons in the African country. (SPA)
Updated 37 sec ago
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KSrelief distributes shelter aid in Somalia’s Togdheer region

  • The assistance will be distributed in cooperation with the UN World Health Organization to 45 healthcare facilities in northwestern Syria, based on field-identified needs

TOGDHEER: The King Salman Humanitarian Aid and Relief Center recently distributed 1,030 pieces of clothing, 475 shelter bags, and 20 tents to several camps in the Togdheer region of Somalia, benefiting 1,525 families and 9,150 individuals. The assistance comes as part of a 2025 initiative to distribute shelter aid to displaced persons in the African country.

Earlier, three relief trucks provided by the Saudi aid agency arrived on Wednesday in the town of Sarmada in Syria’s Idlib governorate, carrying 20 tonnes of medical aid.

The assistance will be distributed in cooperation with the UN World Health Organization to 45 healthcare facilities in northwestern Syria, based on field-identified needs. The aid supports frontline medical teams in underserved areas, benefiting about 150,000 people.

Elsewhere, the agency distributed 3,000 cartons of dates to families in need in the Shabwa governorate of Yemen, benefiting 18,000 individuals.

 


Masam Project achieves massive success in Yemen

Updated 45 sec ago
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Masam Project achieves massive success in Yemen

  • KSrelief has implemented 3,438 diverse humanitarian projects across 107 countries, valued at over $7 billion, since its launch in May 2015

RIYADH: Masam, a project launched by the Saudi aid agency KSrelief, has achieved a significant milestone by clearing 67,585,167 sq. meters and removing 500,000 explosives from Yemeni lands since its launch in June 2018.

Items removed include anti-personnel and anti-tank mines, unexploded ordnance, and explosive devices indiscriminately planted to harm civilians.

Demining efforts have dramatically reduced casualties — and allowed displaced people and farmers to return and resume cultivation — earning widespread praise from the UN and international organizations.

The agency has also initiated the Artificial Limbs Centers Project in several Yemeni cities, providing prosthetics and aiding physical rehabilitation to those injured by explosives.

The Masam Project stands as a vital contribution in enabling a safe and dignified life for Yemenis.

KSrelief has implemented 3,438 diverse humanitarian projects across 107 countries, valued at over $7 billion, since its launch in May 2015.

 


Saudi foreign minister arrives in Istanbul for OIC meeting

Updated 20 June 2025
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Saudi foreign minister arrives in Istanbul for OIC meeting

ISTANBUL: Saudi Arabia’s Minister of Foreign Affairs, Prince Faisal bin Farhan, arrived in Istanbul on Friday to take part in the 51st session of the Council of Foreign Ministers of the Organization of Islamic Cooperation.

The high-level meeting, to be hosted by Turkiye, will see foreign ministers from OIC member states convene on Saturday to discuss avenues for strengthening joint multilateral cooperation, the Saudi Press Agency reported.

The agenda also includes deliberations on regional developments and their broader international implications, SPA added.

The gathering comes amid heightened tensions across parts of the Islamic world, with participants expected to address key geopolitical challenges and reaffirm the OIC’s collective stance on pressing issues.