Saudi Arabia Affirms Need For Reforms In Global Financial System At Brasilia Summit

  • 12/15/2022
  • 22:11
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Brasilia, Brazil, May 11, SPA -- The Kingdom of Saudi Arabia stressed on Tuesday the necessity of enhancing reforms in the world financial system in order to support the efforts of the developing countries to achieve economic growth along with social equality. In a statement, on behalf of the Kingdom of Saudi Arabia, at the Arab-South American Summit, Prince Saud Al-Faisal, the Foreign Minister, said that the reforms must include tools more adequate to prevent and to manage financial crisis and to give more role to the developing countries in the decision-making process in the financial multi-party organizations without disrupting the interests of other countries. --MORE 1423 Local Time 1123 GMT www.spa.gov.sa/261526

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