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 Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations Heads Saudi Delegation at 4th International Conference on Financing for Development

7/3/2025

The Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, Eng. Abdullah A. BinZaraah, headed the Kingdom of Saudi Arabia's delegation participating in the 4th International Conference on Financing for Development, held 30 June to 4 July 2025 in Seville, Spain.


In his speech, Assistant Minister BinZaraah emphasized that the Kingdom of Saudi Arabia is firmly committed to supporting international efforts aimed at achieving sustainable development worldwide, reflecting its leading role in this field. This commitment is evident through both its direct and indirect support via national, regional, and international financial institutions to advance several vital sectors such as infrastructure, health, energy, education, and humanitarian aid around the world.

He noted that the sovereign debt crisis is one of the most significant challenges hindering the path of development. emphasizing the Kingdom's leadership role in launching the “Common Framework for Debt Treatment" during its G20 Presidency in 2020, which provided a unified platform for creditors and debtors to address debt in a transparent, orderly, and fair manner.

The Assistant Minister reaffirmed that the Kingdom places significant importance on adopting financial and structural reforms aimed at achieving inclusive and sustainable growth by enhancing productivity, rebuilding trust, ensuring sustainability, protecting the most vulnerable groups, and empowering the participation of women and youth.

​The Fourth International Conference on Financing for Development aims to mobilize global financing and reform the international financial architecture to accelerate the achievement of sustainable development. 



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Last Update : 7/3/2025 4:47 PM