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Wednesday, October 4, 2023

UAE joins third G20 FMCBG meeting actively

Mohamed bin Hady Al Hussain, Minister of State for Financial Affairs, led the UAE delegation in the third G20 Finance Ministers and Central Bank Governors FMCBG meeting in Gandhinagar, Gujarat. The meeting focused on G20 priorities set by the Indian presidency for 2023.

Al Hussain emphasized the need for global collaboration to address economic uncertainty, promote food and energy security, tackle investment-for-development challenges, and shape the future of the multilateral trade system. He also praised the G20’s efforts in addressing climate change and finance and health collaboration.

The meeting covered various topics such as the global economic outlook, pandemic preparedness, sustainable finance, infrastructure development, financial inclusion, and international taxation. The UAE delegation attended side events on tax evasion, corruption, money laundering, infrastructure investment, and held meetings with representatives from the European Commission, French Treasury, and Brazilian Ministry of Finance.

The ministers and governors reaffirmed their commitment to G20 priorities and planned to review the outcomes during the next meeting in Marrakesh.

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