His Excellency Mohammed bin Hadi Al Hussaini participates in the IMFC meeting

On the sidelines of the World Bank Group and International Monetary Fund Annual Meetings

  
His Excellency Mohammed bin Hadi Al Hussaini participates in the IMFC meeting

His Excellency Mohammed bin Hadi Al Hussaini participates in the IMFC meeting

His Excellency Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs recently participated in the International Monetary and Financial Committee (IMFC) meeting, which on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings. The meeting, which was held virtually, sought to discuss the International Monetary Fund (IMF) Managing Director’s Global Policy Agenda.

A number of finance ministers of the IMFC member countries attended the meeting, which was chaired by Kristalina Georgieva, Managing Director of the International Monetary Fund.

In his intervention during the meeting, His Excellency Mohammed bin Hadi Al Husseini expressed his pleasure to continue productive collaboration with the IMFC members to contribute to advancing economic priorities and agenda.

His Excellency Al Husseini stated that many of the IMFC members continue to effectively address the health response and the resulting economic challenges, noting that the fiscal and monetary policies put in place last year played a key stabilising role, more so for the private sector and particularly SMEs, which is an important driver of diversification and innovation efforts.

His Excellency said: “We welcome the IMF’s work on climate and its objective to expedite the recovery and build forward resilient and sustainable economies. This can be achieved through strong collaboration with all stakeholders, including Ministries of Finance, Central Banks, and private sector. The approach to climate must be comprehensive and inclusive of all aspects including adaptation and mitigation, which reflects the priorities of all members.”

His Excellency added: “Our region remains committed to implementing the climate actions that fit within the Paris agreement framework. To this end, two members of our constituency, Egypt and the UAE, have expressed interest in hosting COPs 27 and 28, respectively.”

His Excellency welcomed the establishment of the Resilience and Sustainability Trust (RST) of the IMF, where many countries represented in the constituency have expressed interest. His Excellency emphasised the essential role the RST can play in supporting Low-and Middle-Income Countries.

His Excellency concluded his intervention by inviting all members to the innovation and sustainability-focused Expo 2020 in Dubai, “where a record 192 countries have come together to share innovations, promote growth and investment, and plan for a stronger and a more resilient future,” His Excellency said.

-Ends-

For more information, please contact: 
Mary Khamasmieh
Weber Shandwick
E: mkhamasmieh@webershandwick.com

Rawad Khattar
Weber Shandwick
E: RKhattar@webershandwick.com

Sara Abuhassira
Weber Shandwick
E: SAbuhassira@webershandwick.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

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.


More From Press Releases