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The fourth meeting of G20 finance ministers and central bank governors was held

news agency wam , 28 Oct 2024 - 12:32

The Ministry of Finance (MoF) of the United Arab Emirates said in a statement that a delegation representing the country participated in the fourth meeting of G20 finance ministers and central bank governors on the sidelines of the annual meeting of the World Bank Group and the International Monetary Fund.


According to Amac News: The announcement states that the meeting was held in Washington DC, USA.
The delegation of the United Arab Emirates participated in this meeting with the presence of experts from the Ministry of Finance and the Central Bank and headed by Mohammad bin Hadi Al Husseini, the Minister of Finance of the UAE.
Mohammad bin Hadi Al Husseini emphasized the vital role of multilateral development banks in strengthening cooperation with local partners. Emphasizing the UAE's progress in digital infrastructure and financial innovations, he emphasized the country's efforts to promote financial inclusion with advanced financial technologies.
The Minister of Finance of the UAE mentioned the support schemes for Small, Small and Medium Enterprises (MSME) in the UAE, as well as efforts to use digital tools to facilitate access to the necessary financial resources for these companies.
During the meeting of Finance Ministers and Central Bank Governors, the members discussed ways to increase the efficiency of multilateral development banks and their response to global needs by building capacities and supporting sustainable development goals by improving governance in these banks and increasing geographic representation.
In addition, members emphasized the importance of strengthening cooperation between governments and the private sector to address development priorities and discussed the outlook for global financial stability.
In light of the 25th anniversary of the G20 financial pathway, the members reviewed the developments in the global economy and the key achievements of the pathway during this period.


Story Code: 1922

News Link :
https://www.amacnews.com/en/news/1922/the-fourth-meeting-of-g20-finance-ministers-and-central-bank-governors-was-held

AMAC
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