COVID-19 repercussions on global economic sectors examined

COVID-19 repercussions on global economic sectors examined

Top officials during the virtual meeting. Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs, recently participated in the meeting that was held by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), with the governors of the Mena region, Afghanistan and Pakistan on the sidelines of the 2021 IMF/World Bank Spring Meetings. The meeting took place virtually and discussed the latest developments related to the COVID-19 pandemic and its repercussions on various global sectors. Abdulhamid Saeed, Governor of the Central Bank of the UAE, along with finance ministers, central bank governors and leaders of regional financial institutions of the Mena region, Afghanistan and Pakistan participated in the meeting. During his speech, Al Tayer praised the IMF's efforts to mitigate the repercussions of the unprecedented global health crisis. Al Tayer stressed on the importance of this meeting as a platform to share views and devise sound and effective solutions to mitigate the pandemic's repercussions and achieve post-pandemic economic recovery. Al Tayer noted that the road to economic recovery will require ensuring an effective, affordable, and equal rollout of vaccines, particularly for Low-Income Countries. This could expedite the pace of economic development and global recovery and prevent further