UAE, 20 May, 2025 : The UAE participated in the Joint Annual Meetings of Arab Financial Institutions held on April 9 in Kuwait, reaffirming its commitment to regional financial development and cooperation.
The UAE delegation, led by Central Bank Governor H.E. Khaled Mohamed Balama and Ministry of Finance Undersecretary H.E. Younis Haji AlKhoori, joined high-level discussions on Arab economic integration, sustainable development, and financial stability. Topics included fiscal risk management, energy subsidy reforms, and digital transformation in public financial systems.
Key meetings included sessions of the Arab Monetary Fund, Arab Fund for Economic and Social Development, and Arab Bank for Economic Development in Africa. Delegates reviewed financial statements, assessed 2024 achievements, and discussed strategies to enhance investment and financial sustainability.
The Abdlatif Y. Al-Hamad Development Award was presented to Bahrain International Airport’s expansion project, nominated by Abu Dhabi Fund for Development. It was also announced that the UAE will host next year’s session.
Highlighting the UAE’s leadership, H.E. Balama emphasized the role of Arab financial institutions in funding strategic regional projects and promoting integration. H.E. AlKhoori stressed the importance of sustainable financing, public-private partnerships, and tools like green and social bonds.
The meetings concluded with calls for stronger fiscal coordination and innovative financing to support development across Arab nations.
Source : www.mof.gov.ae
