PHOTO
Dubai: The Ministry of Finance (MoF) recently held the third meeting of the Government Financial Policy Coordination Council for 2019. The meeting was headed by H.E Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council.
The meeting was also attended by members of the UAE government council from the various financial departments including: H.E. Salah Mohamed Al Weswasi, Executive Director of Policy and Financial Systems Sector at DoF- Abu Dhabi; Arif Abdulrahman Ahli, Executive Director of Budget and Planning Division of DOF – Dubai; H.E. Waleed Al Sayegh, Director General of the Sharjah Finance Department; H.E. Marwan Ahmed Al Ali, Director General of the DOF – Ajman; H.E. Yousef Al Balushi, Director General of DOF – Ras Al Khaima ; H.E. Youssef Abdullah Al Awadi, Deputy Director of DoF – Fujairah.
H.E. Younis Haji Al Khoori stressed the pivotal role that the meetings of the Government Financial Policy Coordination Council play, and the contributions of its members ranging from all UAE government’s financial departments and relevant government entities in coordinating and developing financial policies that improve the financial systems and enhance the UAE’s competitiveness levels.
During the meeting, members discussed a set of major topics, foremost of which was the proposed amendment to the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF), which is one of the best international practices in publishing countries’ financial and economic data. The meeting also reviewed the UAE’s financial statements for 2018-2019, Financial Risks Record on the national level, Forming the Financial Objectives and Rules in the UAE project, as well as the UAE’s most important financial and monetary developments.
The Government Financial Policy Coordination Council was formed by Resolution No. 39 of 2008 of the Cabinet. Its members consist of the Undersecretary of the Ministry of Finance, representatives from local UAE governments, and a representative of the UAE Central Bank. Three periodical meetings are held annually, and the council is reconstituted every three years.
-Ends-
For more information, please contact:
Mary Khamasmieh
Weber Shandwick
M: +971 50 2731 753
E: mkhamasmieh@webershandwick.com
Rawad Khattar
Weber Shandwick
M: +971 56 336 2131
E: RKhattar@webershandwick.com
Evita Karam
Weber Shandwick
M: +971 50 412 0310
E: EKaram@webershandwick.com
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.
