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Minister AlRajhi heads an extraordinary virtual meeting with the G20 Labor and Employment Ministers

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Following the extraordinary G20 virtual summit held in response to the Covid-19 global outbreak, the Saudi Arabian Minister of Human Resources and Social Development, Eng. Ahmed AlRajhi, hosted his counterparts from the G20 member states for an extraordinary virtual labor and employment meeting, in which the top labor officials of the 20 largest economies discussed coordinated action to address the pandemic’s devastating impact on job markets the world over.

Eng. AlRajhi commenced the meeting by setting a sobering tone of urgency, stating: “Sustainable development is human-centric in its goals, but it’s also human- powered. Our human capital is the real engine of our new economies and must therefore be protected and invested in, more critically than ever during such an unprecedented global crisis”. Saudi Arabia holds the rotating presidency of the G20 during these previously unseen circumstances.

Furthermore, the minister emphasized the central role of the global body, reminding the attendees that “the world’s eyes are on us, and our coordinated leadership of the global economy can and must assuage the fears of workers worldwide.” He added urging his fellow ministers; “Let us reassure them that the G20 will do what it takes to stabilize job markets and protect people’s livelihoods”.

 

Referring to recent urgent measures taken by his government to mitigate the threat posed by the highly infectious virus to jobs and businesses, including a SAR 50 billion stimulus to shore up the country’s private sector and SAR 9 billion to shoulder up to 60% of the salaries earned by currently employed citizens, Eng. AlRajhi affirmed: “In the Kingdom of Saudi Arabia, the government of the Custodian of the Two Holy Mosques has already begun this process with targeted measures aimed at safeguarding jobs and incomes, while easing the dire situation faced by our national private sector.” The nation has also implemented various temporary policies to support companies in sustaining their business, such as canceling some fees and penalties, reimbursements, easing regulations, and loans for small businesses and startups.

 

He continued: “And I am confident that, through our collaborative efforts and shared knowledge, the G20 nations will fulfill their collective responsibility and provide the crucial leadership needed to complete the countermeasures to the damaging effects of this pandemic, until we emerge not only fully recovered, but stronger and readier for any similar future event.”

Concluding his statement by encouraging a unified global response that rises to the unique occasion, the Saudi minister asserted: “Never before have all job markets on earth been hit together, hard, by one single calamity. Equally momentously, we combat it together, and shall beat it as one”.

Official Statement: Click here

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