UAE: Ministry of Finance announces four-year strategic plan

UAE: Ministry of Finance announces four-year strategic plan

The Ministry of Finance has launched a four-year strategic plan that will serve as a roadmap to accelerate government performance. This will be done through financial empowerment, innovation, future foresight, financial leadership and sustainable development, the ministry announced on Sunday.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said: “We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency.

“The ministry will pursue excellence in federal government work. In a fast-changing world, we will ensure our economy is resilient and agile, ensuring long-term national goals are met. From human capital and legislative structures to the local business environment, financial policies, international relations and global partnerships, our plan sets out realistic medium-term goals. It will also empower government enablers to drive implementation of our strategic initiatives.”

The country will prioritise attracting and empowering talent; providing efficient institutional services and artificial intelligence-enabled digital infrastructure; and applying best practices in human resources; leadership, quality standards, institutional excellence, and performance measurement. “We will also encourage innovative practices based on flexibility, proactivity, and readiness to consolidate the best practices in institutional