UAE Ministry of Finance Hosts High-Level Discussions at WGS 2025
The UAE Ministry of Finance (MoF) inaugurated the World Government Summit (WGS) 2025 with two high-profile panel discussions focused on multilateral cooperation and economic resilience.
Held from February 11 to 13 in Dubai, the summit convened global policymakers, financial experts, and senior officials to explore strategies for fostering economic stability and growth.
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, emphasized the UAE's commitment to strengthening international financial collaboration. 'With the growing global economic challenges, there is a need to reshape multilateral cooperation mechanisms and boost coordination between financial institutions and governments,'
he stated. He highlighted the role of fiscal policies, sustainable investments, and financial technologies in ensuring economic resilience.
In collaboration with the International Monetary Fund (IMF), the MoF hosted a session titled 'Reimagining the Future of Multilateral Cooperation and the Fund for the Future.' The discussion, featuring Al Hussaini, IMF Managing Director Kristalina Georgieva, and key finance ministers, addressed economic inequality, climate change, and geopolitical challenges. Participants underscored the necessity of innovative financing mechanisms and an expanded global financial safety net to support developing economies.
Another session, 'Enhancing Resilience: Shaping the Future of the GCC Economy Amid Regional and Global Challenges,' was co-hosted with the GCC General Secretariat. UAE Minister of Economy Abdullah bin Touq Al Marri, Bahrain's Minister of Finance Sheikh Salman bin Khalifa Al Khalifa, and other key figures examined economic diversification, sustainable trade policies, and public-private partnerships as drivers of regional stability.
On February 12, the MoF, in partnership with the Arab Monetary Fund, will lead a discussion on ' The Role of PPPs in Driving Innovation in Social Infrastructure.' Featuring industry leaders, the session will explore how public-private partnerships can enhance critical sectors like healthcare and education, promoting sustainable development and economic innovation.
News Source: Emirates News Agency
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