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  • 31-10-18

    Saudi Arabia not to claim USD6b debts from underdeveloped nations

    (MENAFN) Saudi Arabia was unveiled to have reached a decision not to claim debts at a value of USD6 billion required from underdeveloped countries.

    The decision was made in line with Saudi Arabia's Debt Relief Initiative, a cabinet statement explained, as reported Al-Arabiya.

    The cabinet statement said: "Saudi Arabia is stressing its full cooperation with the United Nations (UN) and the international community to achieve all that is good for mankind and the aspirations of all of security, stability and development."

    The statement further added that the move is part of the Kingdom's constant humanitarian, political and economic part as it backs the execution of the Vision 2030 sustainable targets.

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