The Cabinet has approved a headquarters agreement with the International Monetary Fund (IMF) that will see the Washington-based lender make Riyadh its regional headquarters, state news agency SPA reported yesterday. No further details were provided.

And an official day for the Saudi Green Initiative: The Cabinet has set 27 March of each year as an official day for the Saudi Green Initiative (SGI). Launched in 2021, the SGI outlines three targets for a sustainable long-term climate action through emissions reduction across key sectors, greening the nation and bolstering biodiversity.

Also approved at yesterday’s Cabinet meeting:

  • Mandating the Tourism Ministry to discuss and sign a MoU for tourism promotion between the Saudi Tourism Authority (STA) and South Korean counterparts;
  • Mandating the Culture Ministry to discuss and sign a MoU in the cultural field with Turkey;
  • Mandating the Environment, Water and Agriculture Ministry to discuss and sign a MoU in fisheries and aquaculture with Algeria;
  • A MoU between the Finance Ministry and Egyptian counterparts to establish a high-level financial dialogue;
  • A MoU with Sierra Leone in air transport services;
  • A MoU between the Saudi Food and Drug Authority (SFDA) and Indonesia’s Halal Product Assurance Organizing Body (BPJPH) to ensure the quality of halal products.
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