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Friday, 01 July 2022 01:10 GMT

Energy Security Is Important To Ensure Growth, Prosperity Of Countries: Saudi Finance Minister


(MENAFN- Emirates News Agency (WAM))

VIENNA, 23rd June, 2022 (WAM) -- Minister of Finance Mohammed bin Abdullah Al-Jadaan of the Kingdom of Saudi Arabia participated in the forum and ministerial meeting of the OPEC Fund for International Development, which was held on 21st - 22nd June, in the Austrian capital, Vienna, in the presence of their the finance ministers of member states.

According to the Saudi Press Agency (SPA), the meeting's agenda included reviewing the fund's annual report and financial statements, evaluating its performance for the current year 2022, discussing its upcoming work plans, exchanging the views of partner countries and institutions on the current situation and the fund's role in bridging the energy poverty gap, as well as future scenarios for international development.

In his participation in the forum accompanying the annual meetings, Al-Jadaan called for considering the security of energy supplies and economic development in parallel with climate challenges, pointing out that no country will be able to grow and prosper without the availability of reliable energy sources.

He stressed the need for Member States to work together to build a future resilient to climate change, noting that supporting both adaptation and mitigation policies requires a strong and well-regulated financial system that provides a sustainable business environment, calling for benefiting from the huge and growing pool of international funds in Financing fair green transitions.

WAM/Esraa Ismail/Rola Alghoul

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