UAE participates in 1st Sustainable Finance Working Group 2023

UAE participates in 1st Sustainable Finance Working Group 2023

The UAE has participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held under the Indian Presidency.

The meeting held at Guwahati, Assam, India, sought to discuss the 2023 SFWG work plan and agree on the group’s priority areas for 2023 in line with the priorities of the Indian Presidency.

The UAE delegation included Ms. Thuraiya Alhashmi, Director of the International Tax Department at the Ministry of Finance, and Mr. Khalifa Alfaheem, Senior Director, of Monetary Operations, Monetary Management at the Central Bank of the UAE. G20 members, invited countries, SFWG country members and international organizations such as the International Monetary Fund (IMF) also attended the meeting.

During the two days of the meeting, members shared views on the proposed work plan for the SFWG in 2023, the planned way forward for the working group, and the reports that the group will submit during 2023. The members discussed gaps and challenges to mobilizing finance for climate action, as well as best practices and financial instruments that can enable finance for sustainable development goals in 2030.

Additionally, the members discussed capacity building and technical assistance required to fill the knowledge and skills gaps to attract