In a recent statement to the Saudi Press Agency, Yaarub Al-Yaarubi, the senior adviser to the executive director of the World Bank, emphasized Saudi Arabia’s pivotal role in driving economic growth in the Middle East and shaping global policies. Al-Yaarubi commended the Kingdom’s global significance, pointing to its substantial support for the World Bank International Development Association, particularly in aiding low-income countries. He also applauded Saudi Arabia’s proactive efforts in addressing climate change, highlighting the Kingdom’s noteworthy global initiatives. World Bank President Ajay Banga’s recent meeting with Crown Prince Mohammed Bin Salman further underscored collaborative discussions on reducing poverty, promoting shared prosperity, and advancing sustainable development.
Saudi Arabia’s Minister of State, Adel Al-Jubeir, emphasized the Kingdom’s unwavering commitment to global development on November 16, citing its adherence to UN commitments established decades ago. Al-Jubeir highlighted Saudi Arabia as one of the “very few countries” meeting the UN guideline of providing 0.7 percent of gross domestic product for foreign assistance. The Saudi Fund for Development alone has financed over 800 projects and programs, exceeding $20 billion in more than 100 developing countries worldwide. Al-Yaarubi’s statements and the recent World Bank report further illuminate Saudi Arabia’s active role within the G20, showcasing efforts to achieve stability, support developing nations, and contribute to regional and international development institutions.