Arab Finance Ministries Deputies Discuss Fiscal Policies, Digital Transformation, and ESG Standards

UAE, 28 January, 2025 : Arab deputy finance ministers convened in Abu Dhabi for the 10th Meeting of Arab Finance Ministries' Deputies to discuss fiscal policies, digital transformation, ESG standards, and the economic impact of financial policies. Organised by the Arab Monetary Fund, the two-day meeting also addressed energy subsidy reforms, with participation from international organisations like the IMF, World Bank, and OECD.

Senior Emirati officials, including H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, and H.E. Dr. Fahad M. Alturki, Director General of the Arab Monetary Fund, emphasised the importance of regional cooperation to address shared challenges and promote sustainable growth.

The meeting featured sessions on energy security, renewable energy incentives, fiscal policy impacts, public debt management, and digital transformation. Upcoming discussions will explore the implementation of ESG standards and the global minimum tax's effect on Arab economies.

H.E. Younis Haji AlKhoori highlighted the role of collaboration in improving financial policies, enhancing transparency, and advancing digital infrastructure. H.E. Dr. Fahad M. Alturki reiterated the importance of knowledge exchange to drive economic integration and stability in the Arab region.

The event will conclude with a session to set the agenda for the 16th Arab Finance Ministers Council meeting, focusing on strategies for resilient and sustainable economic growth.