Saudi Arabia Joins G20 Women’s Empowerment Initiative

The Group of Twenty (G20) was established back in 1999 to promote international financial stability and to create opportunities for dialogue among industrialized and emerging countries. It also includes Saudi Arabia the only Arab member nation. G20 dominates 75 percent of international trade, 80 percent of global investment, and accounts for 85 percent of the world’s Gross Domestic Product (GDP).

According to Arab News, Saudi Arabia recently joined an initiative on women’s empowerment at the G20 summit in Japan. The kingdom signed a pledge to promote participation in the workforce, enhance its education, and encourage involvement in the small and medium-sized business sectors.

Shinzo Abe, Japan’s prime minister, announced the initiative under the title “Women Are Able to Shine”. During the summit, he said “the G20 members will make a united effort to promote women’s empowerment. I believe that these efforts will be a driving force for further development of the G20 as a whole”.

Also, Saudi Arabia is a member of “Troika” that promotes female participation in economics and politics. Netherland’s Queen Maxima, a UN special advocate for inclusive finance, said: “I want to thank the troika, Argentina, Japan, and Saudi Arabia, for supporting this important initiative to promote inclusive economic growth for women”.

WE SAID THIS: The initiative aims to reduce the gender pay gap in the next seven years.