Vice Governor of National Development Fund: Saudi Arabia among strongest G20 economies in post-pandemic recovery

Khalid Shareef, Vice Governor of the National Development Fund, confirmed during a dialogue session at the “Knowledge Gathering” that Saudi Arabia injected more than SAR 25 billion into the accounts of beneficiaries during the COVID-19 pandemic in 2020. This support also included rescheduling operations with borrowers, which helped mitigate the impact on the economy and the private sector.
Shareef highlighted that this support reflects the Kingdom’s economic strength, noting that it is one of the strongest economies within the G20 in the process of recovering from the crisis.
The seventh edition of the Knowledge Gathering focused on the role of development funds and banks in fostering a diversified and sustainable economy. It also addressed the strategy and roles of development funds, the contribution of development financing institutions in supporting government policies and their goals, and the financial sustainability of these funds in alignment with Vision 2030.
The Knowledge Gathering initiative aims to enrich specialized knowledge through a series of seminars and discussions, enhancing communication and partnerships in knowledge, keeping pace with global trends, and improving financial culture in connection with technological advancements. The initiative targets leaders of the financial system, as well as those interested and specialists from the financial sector and other related parties.
Additionally, the Knowledge Gathering initiative is part of the Ministry of Finance’s new communication activities, aiming to serve as a knowledge hub to inform specialists and the public about the latest technologies and developments in the financial sector.