MoF participates in the G20’s Fifth Exceptional International Financial Architecture meeting

SourceZawya
SectorFinancial Markets
CountryUnited Arab Emirates

The Ministry of Finance (MoF) participated in the G20’s virtual Fifth International Financial Architecture meeting, to discuss the latest international efforts to mitigate the repercussions of the COVID-19 pandemic, and to alleviate the debt burden for countries in need.MoF lead the UAE delegation, which included UAE Central Bank and Abu Dhabi Fund for Development representatives. G20 members, international organisations, invited countries and additional guests including Kuwait and Paris Club Secretariat also attended the meeting.MoF noted that since the early days of the COVID-19 outbreak, the UAE stood at the forefront of international relief efforts by providing financial and non-financial support to more than 100 countries. MoF reiterated its readiness to further collaborate and explore define the exceptional policies and measures that must be taken to support countries towards a strong, ...read more...