PHOTO
As part of the Ministry of Finance (MOF)’s endeavor to enhance cooperation with EU countries, H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, held a virtual meeting yesterday with H.E. Roberto Gualtieri, Italian Minister for Economic Affairs and Finance. The meeting discussed areas of cooperation in financial affairs, trade and investment, and the UAE’s participation in the Global Partnership for Financial Inclusion (GPFI) programme within the G20 financial track, during the G20 2021 Italian Presidency.
H.E. Obaid Humaid Al Tayer reaffirmed the UAE’s keenness to cooperate with the Italian Presidency to enhance financial inclusion and encourage SMEs that need more access to financing opportunities. H.E. noted that the UAE and Italy are looking forward to further cooperate in various fields of mutual interest, and to benefit from the G20 platform and strong bilateral ties.
H.E. said: “We sincerely thank Italy for its continuous support and cooperation, specifically for the opportunity for the UAE to take part in the G20 GPFI programme for the next three years as a non-G20 member.”
The meeting also deliberated the importance of providing fast, safe and affordable ways for cross-border payments, including remittances, in the COVID-19 aftermath, seeking new partnerships in cross-border investments, as well as innovative ways of providing humanitarian relief for countries with high migration flows. The Italian Minister of Finance also stressed the importance of strengthening economic ties between the two countries and continuing international cooperation to overcome the pandemic.
The UAE’s participation in the G20 meetings for 2020 came in response to the invitation it received from Saudi Arabia, which chairs the G20 until the end of November 2020, leading to the G20 Leaders’ Summit in Riyadh on 21-22 November 2020.
-Ends-
For more information, please contact:
Mary Khamasmieh
Weber Shandwick
E: mkhamasmieh@webershandwick.com
Rawad Khattar
Weber Shandwick
E: RKhattar@webershandwick.com
Evita Karam
Weber Shandwick
E: EKaram@webershandwick.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
