UAE Ministry of Finance to join G20 Finance Track under Brazil’s presidency

UAE Ministry of Finance to join G20 Finance Track under Brazil’s presidency

The UAE Ministry of Finance (MoF) will participate in the Finance Track of the 2024 Group of 20 (G20), following an invitation from the Federative Republic of Brazil who assumed the presidency of the G20 on 1st December 2023, and will host the G20 Summit in Rio de Janeiro on 18-19 November 2024. Brazil’s invitation is testament to the long-standing bilateral relations between the UAE and Brazil. The Ministry’s engagement in the Finance Track commences with the G20 Finance and Central Bank Deputies (FCBD) meeting scheduled for 14th to 15th December 2023 in Brasília, which will discuss the G20 Finance Track priorities set by Brazil’s Presidency. The meeting will be preceded by a Joint Sherpa and Finance and Central Bank Deputies meeting, which will bring together the Sherpa and Finance Tracks to discuss topics related to hunger, climate change, and bioeconomy. Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, expressed his gratitude for Brazil’s invitation to participate in the G20 Finance Track. He said, “We applaud the Presidency’s agenda of reducing social and economic inequalities around the globe with its motto – building a just world and a sustainable planet. These are critical issues, and it is timely