Riyadh, 1 May 2024 (TDI): The Democratic Socialist Republic of Sri Lanka engaged in Global dialogue at a WEF meeting held in Riyadh, Saudi Arabia. The country has been struggling with its economy since April 2022.
The Foreign Minister, Ali Sabry, said that the country is ready to position itself for dialogue between the Global South and North to deal with the economic challenges.
The recent Special Meeting on Global Collaboration, Growth, and Energy for Development, organised by the WEF, brought together 1,000 leaders from 92 countries to Riyadh on April 28-29. They aimed to devise practical, cooperative, and sustainable answers to common global problems.
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The World Economic Forum (WEF) is a renowned international organisation that fosters dialogue and cooperation among global leaders from various sectors. With a focus on addressing pressing global challenges, the WEF aims to facilitate collaborative efforts aimed at promoting economic growth, sustainable development, and positive societal change.
The meeting focused on the challenges faced by the Global Southern states, representing nations primarily in Asia, Africa, and South America. These are the areas which are usually referred to as Third-World or developing regions.
Sri Lanka engaged in Global dialogue at the WEF meeting and represented the stance of the developing world at the forum’s session titled “North to South, East to West: Rebuilding Trust” alongside his Saudi counterpart, Prince Faisal bin Farhan.
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“It was a great opportunity for me to showcase Sri Lanka and the challenges that countries in the Global South face, and also to position Sri Lanka as an important player, particularly in the Global South, in shaping the future for collaboration, peace and stability, rather than confrontation,” Foreign Minister, Ali Sabry said.
The minister was in Riyadh at the invitation of Prince Faisal, with whom he also held a meeting.
“We look forward to elevating the partnership. We intend to sign the investment protection agreement that would probably pave the way for the inflow of investment into Sri Lanka,” Foreign Minister Ali Sabry.
