Fort lauderdale: Deputy Minister of Finance for International Relations Khalid Bawazier headed the Kingdom's delegation participating in the third meeting of the G20 Finance and Central Bank Deputies, held May 14-15, 2026, in Fort Lauderdale, Florida in the United States.

According to Saudi Press Agency, during his participation, Bawazier commended the progress achieved during the G20 Finance Track meetings this year, emphasizing the importance of maintaining focus on practical and actionable outcomes. He highlighted the significance of supporting sustainable growth, strengthening coordination among creditors in sovereign debt issues, and enhancing international economic cooperation amid evolving global challenges.

The meetings also included a dialogue session presented by prominent players from the American private sector. This session aimed to discuss solutions to enhance the role of the private sector in promoting economic development. Participants from the private sector noted that the Kingdom serves as a successful example by setting a clear vision, which motivates the private sector to invest and collaborate with countries.

The discussions during the meetings were extensive, covering global economic developments, sustainable growth, sovereign debt challenges, and global imbalances. The participants explored ways to address the associated risks through strengthened international cooperation.

The United States assumed the G20 presidency from the Republic of South Africa starting in December 2025. The U.S. presidency focuses on three main areas, including launching economic prosperity by reducing regulatory burdens, securing reliable and affordable energy supply chains, and pioneering new technologies and innovations.