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Saudi Arabia Supports New Global Alliance for South-South and Triangular Cooperation
Saudi Arabia has praised the Global Alliance for South-South and Triangular Cooperation, noting its potential benefits to enhance international development cooperation and coordination between developing countries.
Saudi Permanent Representative to the UN, Ambassador Dr. Abdulaziz Alwasil, presented the Kingdom’s position in statements on the occasion of United Nations Day for South-South Cooperation.
Alliance Aims to Strengthen International Cooperation
The new alliance offers a voluntary approach to development cooperation ‘leveraged’ by the UN. Saudi Arabia put particular emphasis on eliminating duplication of efforts and respecting the respective countries’ priorities, sovereignty and development strategies.
The platform aims to facilitate partnership cooperation on mutual gain and better development cooperation. Riyadh sees more mutual coordination as useful for coordinating international development efforts that serve the needs of the nation and region.
Vision 2030 Aligns With South-South Cooperation
The Kingdom of Saudi Arabia, too, underscored the linkage between the goals of the alliance and Saudi Arabia’s Vision 2030 transformation program. The two strategies intermingle quite closely in areas such as economic diversification, technological innovation, digital transformation, sustainability and youth empowerment.
The Kingdom considers these elements as components of inclusive and sustainable development to be important. Its experience in domestic economic and technological transformation might have another kind of positive influence and improve the prospects of international cooperation with developing economies.
Saudi Fund for Development Supports Global Projects
Saudi Arabia’s Saudi Fund for Development (SFD) plays a crucial role in development cooperation in a country. Kingdom’s address says that the fund has helped in social and infrastructure development projects in over 100 countries around the world.
The SFD’s international activities establish a foundation for Saudi Arabia to play its role in supporting the world outside its borders for development priorities that have already been determined. These initiatives are part of Riyadh’s strengthened commitment to sustainable economic development and cooperation with the Global South.
Riyadh Reaffirms Commitment to Inclusive Growth
Interestingly, with regard to multilateral cooperation, Saudi Arabia is supporting the new alliance. Through collaboration with member states of the United Nations and other international partners, the Kingdom is to foster development models which will take into account national priorities and facilitate exchange of knowledge, technologies and economy.
The project also provides a chance to enhance the cooperation between developing countries and international institutions. Saudi Arabia’s involvement could enhance its influence on the formulation of feasible concepts for South-South cooperation.
FAQs
What is the Global Alliance for South-South and Triangular Cooperation (GASSC)?
It is a platform, voluntarily established under the auspices of the UN to enhance cooperation between developing countries and facilitate triangular development cooperation.
Which country sent its representative to the UN talks?
Amb. Dr. Abdulaziz Alwasil, Saudi Arabia’s Permanent Representative to the UN, represented Saudi Arabia.
In what ways does the partnership fit in with the Saudi Vision 2030?
The disparities, innovation, digital transformation, sustainability and youth empowerment are some of the key elements of the Saudi Vision 2030 and the core tenets of the alliance.
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