Wed 12-04-2017 15:29 PM

UAE to participate in Joint Annual Meeting of Arab Financial Institutions in Morocco

ABU DHABI, 12th April, 2017 (WAM) -- The UAE, represented by the Ministry of Finance, MoF, will participate in the Joint Annual Meeting of Arab Financial Institutions to be held on 18th and 19th April in Rabat, Morocco. The series of meetings represent a major Arab platform to discuss key topics which include finance, economy, and the creation of future strategies to support the sustainable development for Arab countries.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will head the UAE delegation which will include Mubarak Rashed Al Mansouri, UAE Central Bank Governor, Younis Haji Al Khoori, Under-Secretary of the MoF, Khalid Ali Al Bustani, Assistant Under-Secretary for International Financial Relations, Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector at MoF and a number of specialists at the Ministry and the bank.

Obaid Humaid Al Tayer stressed the MoF’s commitment to strengthen UAE relations with various countries and regional and global institutions to discuss topics within the region’s interest. These topics include sustainable economic development and enhancing joint Arab integration. The meetings also aim to review the UAE’s leading economic and financial model to attract experiences and investments that support and strengthen the macroeconomic growth of the country.

Al Tayer said, "The Ministry of Finance commits to participating in the Joint Annual Meetings of Arab Financial Institutions as these meetings represent an important platform to discuss financial and economic plans and draw future plans and strategies to empower sustainable developments in Arab countries. The Ministry’s participation in such meetings as a representative of the UAE provides technical and financial support to the projects of wider government entities, maximising the benefits of these projects for the country and society."

The Joint Annual Meeting of Arab Financial Institutions will witness the participation of the Under-Secretaries of Arab Ministers of Finance and Economy, Arab Central Bank Governors, Heads of Arab financial institutions, representatives from the International Monetary Fund, the World Bank Group and Islamic Development Bank Group, and experts in financial and economic fields.

The event will incorporate a number of elements such as the opening session, the 46th meeting of the Board of Governors of the Arab Fund for Economic and Social Development, the 40th Annual Meeting of the Board of Governors of the Arab Monetary Fund, AMF, the 44th session of the Arab Investment and Export Credit Guarantee Corporation, DHAMAN, the 42nd meeting of the Board of Governors of the Arab Bank for Economic Development in Africa, BADEA, the 41st meeting of the Shareholders Council of the Arab Authority for Agricultural Investment and Development, AAAID, and the eighth ordinary session of the Council of Arab Ministers of Finance.

A number of other topics will be discussed, such as a briefing note on the UAE’s innovative programme initiative to support Arab countries, and proposed projects that are submitted by the Arab Fund for Economic and Social Development, Arab Monetary Fund, Arab Investment and Export Credit Guarantee Corporation, Arab Bank for Economic Development in Africa, Arab Authority for Agricultural Investment and Development, as well as reviewing the financial and operational performance of Arab financial entities that participated in the previous meeting in 2016.

 

WAM/Rasha/Moran