UAE takes part in G20 Finance Ministers and Central Bank Governors meeting
JAKARTA, 18th February, 2022 – Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has represented the UAE in the first G20 Finance Ministers And Central Bank Governors (FMCBG) meeting in 2022, which was held in Jakarta, Indonesia on 17th and 18th February 2022.
The meeting sought to discuss the three main pillars identified by Indonesia in its G20 2022 Presidency, namely: Global Health Architecture, Sustainable Energy Transition, and Digital Transformation.
Saeed Rashid Al Yateem, Assistant Under-Secretary of the Resource and Budget Sector at the Ministry of Finance (MoF), and senior officials from the ministry attended the meeting, alongside finance ministers, central bank governors of the G20 member, invited countries and officials from regional and international organisations.
Al Hussaini highlighted the importance of this meeting, which provides a platform that allows finance ministers and central bank governors to discuss several financial and economic issues, and offers an opportunity to unify efforts to ensure continuous growth and sustainable global economic development.
He added, “The UAE stresses the importance of collaboration to explore synergies and advance the sustainable finance roadmap.
We are keen to collaborate with Sustainable Finance Working Group and COP to integrate and promote sustainable finance priorities.
“The UAE stresses ensuring stability and a smooth global economic recovery.
The UAE continues to push for the prioritisation of finance track priorities including enhancing remittances, advancing digital currencies, and leveraging technology to enhance MSMEs access to finance,” he noted.
Al Hussaini shed light on the importance of global coordination in implementing tax reform, saying, “The UAE reiterates the support for the two-pillar approach to address the tax challenges arising from the digitalisation of the economy.
A globally coordinated approach is critical in implementing this landmark international tax reform.
”
At the end of the meeting, G20 finance ministers, central bank governors, and international organisations, approved the work plans for the Working Groups, and signed off the first Finance Track communique of the year.
The next FMCBG meeting will occur in Jakarta on 21st and 22nd April 2022.
The 2nd Finance and Central Bank Deputies (FCBD) Meeting took place on the 15th, 16th and 17th of February 2022.
Al Yateem and Thuraya Al Hashemi, Projects Manager at Ministry of Finance, attended the meeting, during which the First Communique Drafting for the FMCBG meeting was discussed.
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Political Aide Criticizes Dual Role Ministers: Former VP’s Aide Slams Reappointment of Ex-Governors as Ministers: …By for TDPel Media. Daniel Bwala, a political aide to former Vice President Atiku Abubakar, expressed strong criticism towards individuals who have served as both...
Ghana Central Bank Suspends Forex Licenses of Guaranty Trust Bank and FBN Bank Amidst Regulatory Breaches: Ghana’s Central Bank has taken decisive action by suspending the foreign exchange licenses of Guaranty Trust Bank and FBN Bank for a period of one...
Ministry of Finance organises ‘MoF Innovates 2022: Journey into Future of Finance’ as part of UAE Innovation Month 2022: Ministry of Finance organises ‘MoF Innovates 2022: Journey into Future of Finance’ as part of UAE Innovation Month 2022 ABU DHABI, 16th February, 2022 –...
Nigeria’s Central Bank Governor, Olayemi Cardoso, to Chair First Monetary Policy Meeting, Expected to Address Soaring Inflation: Olayemi Cardoso, Nigeria’s Central Bank Governor, is gearing up to lead his first monetary policy meeting since his appointment in September 2023. Analysts expect a...
G7 Finance Ministers’ Statement on Ukraine: The ongoing Russian military build-up at Ukraine’s borders is a cause for grave concern. We, the G7 Finance Ministers, underline our readiness to act swiftly...
The Industrial Finance Corporation of Mauritius (IFCM) to serve as a catalyst to boost industrial development and accelerate long term economic growth, says Finance Minister: The Industrial Finance Corporation of Mauritius (IFCM) Ltd (formerly the Investment Support Programme Ltd), was launched, today, in the presence of the Minister of Finance,...
Rishi Sunak supports the Foreign Secretary’s trip to China and suggests he may see Xi Jinping at the G20 summit the following week: Advertisements Despite Conservative worries about “appeasing” China given its strong stance and appalling human rights record, Rishi Sunak welcomes the Foreign Secretary’s visit to the...
Rishi Sunak jokes with US President Biden as world leaders discuss Ukraine, climate change, and inflation at the G20 in India: Joe, hey! While world leaders discuss Ukraine, climate change, and inflation at the G20 in India, Rishi Sunak jokes with US President Biden. At the...
Rishi Sunak recites riot act to the Chinese premier at G20 conference, he make known his ‘serious concerns’ of claims of Beijing spying case.: Rishi Sunak Expresses Concerns at G20 Summit Regarding Chinese Interference in UK Parliament Introduction During the G20 summit held in India, Rishi Sunak, the Chancellor...
Rishi pays a visit to Hindu temple on the last day of G20 conference in India.: Rishi Sunak’s Visit to Hindu Temple and G20 Summit in India Prime Minister’s Visit to Akshardham Temple On their final day in India for the...