UAE participates in 8th meeting of Undersecretaries of Arab Ministries of Finance

UAE participates in 8th meeting of Undersecretaries of Arab Ministries of Finance

ABU DHABI, 20th January, 2023 (WAM) -- The UAE recently participated in the eighth meeting of the Undersecretaries of Arab Ministries of Finance, where they discussed the latest developments in economic diversification policies and the current status of investment and economic growth in Arab countries.

The meeting was organised by the Arab Monetary Fund (AMF) on 18th and 19th January in Abu Dhabi.

Undersecretaries of Arab Ministries of Finance, along with a number of experts from the International Monetary Fund (IMF), the World Bank Group (WBG) and the Organisation for Economic Co-operation and Development (OECD), attended the meeting.

Dr. Abdulrahman Al Hamidy, Director-General Chairman of the Board of Executive Directors of AMF, inaugurated the meeting. Panel discussions were held, and entities gave presentations on various topics.

The presentations were "Revenue Mobilisation for a Resilient and Inclusive Recovery in the Middle East and Central Asia" by the IMF; "Improving Performance and Governance of State-owned Enterprises" by the WBG; and "The Role of Fiscal Policy in Supporting Climate Finance and Sovereign Green and Sustainable Financing Instruments", and "Assessing Debt Sustainability to Face Vulnerabilities" by the AMF.

During his intervention, Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), emphasised the importance of this meeting as