UAE participates in the first G20 Finance Ministers and Central Bank Governors meeting in 2023

UAE participates in the first G20 Finance Ministers and Central Bank Governors meeting in 2023

- Mohamed bin Hadi Al Hussaini: The UAE’s economy continues to withstand global effects, where we expect to achieve 4.2% of non-oil economic growth by the end of this year.

- Mohamed bin Hadi Al Hussaini: We emphasise the need to strengthen joint international action to set priorities and draw strategies that would achieve the best means of financing and investments needed to combat climate change and mitigate its repercussions.

- Mohamed bin Hadi Al Hussaini: The UAE leveraged private sector participation in the development of smart cities through collaborative models that incentivise effective partnerships in various areas.

- Mohamed bin Hadi Al Hussaini: We welcome the direction to develop the Economic Vulnerabilities and Risks Framework, which will be key to informing resource mobilisation in line with the objectives of the Pandemic

- Fund.The meeting discussed the progress under the G20 priorities set by the Indian presidency for the year 2023, and means of bolstering international cooperation to achieve the G20 priorities and goals.

- The meeting discussed global economic recovery and means of strengthening the role of Multilateral Development Banks in development financing.

His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the first G20