UAE participates in Joint Annual Meeting of Arab Financial Institutions to overcome development challenges in the Arab region

 

The United Arab Emirates (UAE) will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be held on April 29th in Rabat, Morocco, to discuss means of overcoming the development challenges faced by the Arab region.


Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the UAE delegation, which will include Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE), Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, and Ibrahim Obaid Al Zaabi, CBUAE's Assistant Governor of the Monetary Policy and Stability Department, along with a number of specialists from the Ministry and the CBUAE.


Al Hussaini emphasised the significance of these meetings in offering a robust platform for exchanging views and discussing the most prominent financial and economic topics and developments in the Arab region. He highlighted the UAE's keenness to open channels of constructive dialogue with several Arab countries and to share expertise and successful experiences in the economic and financial fields.


"The UAE's participation in the meeting comes within the country's keenness to develop sustainable development plans and strategies to strengthen the Arab region's position and boost their economies to build a better future for their peoples and future generations," he noted.


The meeting will discuss several key issues, including the Arab financial sector's current situation, means of financing development, ways to enhance public-private partnerships, and the role of financial institutions in supporting development in the Arab region. It will also address the impact of COVID-19 on the region's economies and financial systems and explore ways to mitigate its effects.


The Joint Annual Meeting of Arab Financial Institutions brings together representatives from several Arab financial institutions, including central banks, monetary authorities, development banks, and other financial institutions. The meeting aims to promote cooperation and coordination among Arab financial institutions and to enhance their role in supporting development efforts in the Arab region.

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