Riyadh - SPA
Dr. Alkholifey: The Kingdom has made many achievements related to policy coordination and finding solutions in the G20
The Governor of the Saudi Arabian Monetary Authority (SAMA), Dr. Ahmed
Abdulkarim Alkholifey, confirmed that the Kingdom of Saudi Arabia has
achieved many accomplishments related to the agenda of coordinating
policies, finding solutions and developing initiatives that enable the
G20 to achieve the slogan of this year, "Realizing Opportunities of the
21st Century for All".
In a statement to the Saudi Press Agency (SPA), Dr. Al-Khulaifi
explained that the main priority for financial legislation was set under
the title“ Framing Supervisory and Regulatory Issues for the Digital
Era" and a number of basic priorities fall under this goal, most notably
agreeing on roadmap to boost global cross-border payments, a historic
step aimed at improving global cross-border payment arrangements.
Dr. Alkholifey indicated that the Kingdom's presidency worked with
the G20 countries and relevant international organizations to discuss
the best ways to develop the digital infrastructure, in addition to
coming up with many reports and supported studies, most notably the “G20
High-Level Policy Guidelines on Digital Financial Inclusion for Youth,
Women, and SMEs”. These guidelines provide a set of featured policy
options targeting financial inclusion gaps for youth, women, and SMEs
through digital financial services in order to reach conditions in which
all people can live, work and thrive; as well as utilize and share
benefits of innovations and digitalization.