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Saudi Arabia exempts least developed countries from $6 billion debt

King Salman

King Salman

Jeddah : Saudi Arabia has canceled $6 billion of debt owed to the Kingdom from the least developed countries, the Saudi Press Agency (SPA) reported.

The initiative was revealed during the weekly meeting of the Saudi Council of Ministers on Tuesday chaired by Custodian of the Two Holy Mosques King Salman.

The cabinet discussed Saudi Arabia’s cooperation with the international community to achieve stability and development as well as the humanitarian and economic role played by the Kingdom, particularly with regard to its commitment to the UN Sustainable Development Goals (SDGs).

—AB/UNA-OIC

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