The United Arab Emirates Ministry of Finance, alongside the Central Bank of the UAE, participated in the Joint Annual Meetings of Arab Financial Institutions in Kuwait, focused on strengthening Arab financial cooperation, economic stability and financing for sustainable development amid global financial challenges. The meetings also announced that the UAE will host the next session. The Emirati delegation, led by Central Bank Governor Khaled Mohamed Balama and including Ministry of Finance Undersecretary Younis Haji AlKhoori, took part in Boards of Governors meetings for the Arab Fund for Economic and Social Development, the Arab Monetary Fund and the Arab Bank for Economic Development in Africa, as well as Shareholders’ Councils meetings for the Arab Authority for Agricultural Investment and Development and the Arab Investment and Export Credit Guarantee Corporation. Delegates reviewed annual reports, approved financial statements, assessed 2024 achievements and discussed development plans, investment stimulation, financial sustainability and the use of innovative financing, including tools such as green bonds and social financing. On the sidelines, the Council of Arab Finance Ministers discussed public debt management and fiscal risk mitigation, including an Arab Monetary Fund framework for managing potential contingent liabilities; sessions also covered energy subsidies (Arab Monetary Fund and International Monetary Fund), digital transformation in public financial management, fiscal policy and growth drivers (World Bank), and developments on the global minimum tax and taxation of multinational corporate profits (OECD). A high-level workshop titled “Achieving Development Goals Amid Financial Uncertainty and Debt Vulnerabilities: Future Trends” was scheduled for April 10, 2025, to address rising debt levels, financial market volatility and geopolitical impacts on development. The meetings concluded with calls to strengthen collaborative efforts to address current economic challenges and to adopt more integrated fiscal policies across Arab countries.
Ministry of Finance (United Arab Emirates) 2025-05-19
United Arab Emirates Ministry of Finance and Central Bank attend Arab Financial Institutions annual meetings and confirm UAE will host next session
The UAE Ministry of Finance and Central Bank participated in the Joint Annual Meetings of Arab Financial Institutions in Kuwait, focusing on Arab financial cooperation and sustainable development financing. Discussions included public debt management, fiscal risk mitigation, and innovative financing tools like green bonds. The UAE will host the next session, with calls for integrated fiscal policies across Arab nations.