Saudi Arabia waives $6 bln worth of debt owed by underdeveloped countries

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Time: October 30, 2018     

The Cabinet’s decision on Tuesday is a continuation of Saudi Arabia’s role in supporting the implementation of the goals of the 2030 Sustainable Development Plan. (SPA)

Saudi Arabia’s cabinet of ministers endorsed in Tuesday’s meeting the Kingdom’s Debt Relief Initiative for the underdeveloped countries by waiving more than $ 6 billion of debt owed.

In a statement on Tuesday, “Saudi Arabia stressing its full cooperation with the United Nations and the international community to achieve all that is good for mankind and the aspirations of all of security, stability and development”.

The Cabinet’s decision on Tuesday is a continuation of Saudi Arabia’s humanitarian, political and economic role in the sense of responsibility and its Islamic and international standing and supporting the implementation of the goals of the 2030 Sustainable Development Plan.

This article was first published in Al Arabiya English  

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