Economic Insights – Baghdad
Finance Minister Taif Sami emphasized the critical need for regional and international cooperation to address escalating economic challenges on Tuesday.
During her participation in the ninth forum for public finance in Arab countries—a collaborative effort organized by the UAE Ministry of Finance in conjunction with the Arab Monetary Fund and the International Monetary Fund, in advance of the World Government Summit 2025—Finance Minister Sami articulated the necessity of implementing flexible financial policies. This approach is essential for coping with growing economic uncertainties while balancing development needs, financial sustainability, and climate initiatives. She stated that the current climate dictates a pressing requirement for such measures.
Minister Sami also underscored the significance of institutional reforms in fostering financial stability and ensuring the sustainability of public expenditure. She called for advanced financial policy tools to enhance spending efficiency and promote financial transparency.
Moreover, she reiterated the vigor of regional and international collaboration in bolstering the efforts of Arab nations as they navigate economic challenges and strive toward sustainable development.
The forum, themed “The Flexibility of Public Finance in an Uncertain World,” engaged participants in discussions through four dedicated sessions that aimed to dissect leading economic challenges. Topics included the overall economic impact on public finance, pressures surrounding debt, financial policies in response to climate change, and the evolution of tax systems to align with ongoing economic transformations.
Throughout the event, participants explored financing mechanisms for sustainable development and deliberated on the role of regional and international financial bodies in supporting Arab countries in realizing their economic aspirations. Additionally, there were discussions focused on the opportunities and challenges of integrating modern financial technologies to enhance digital transformation within the financial sector.
The forum will conclude with a ministerial roundtable, where Arab Finance Ministers will gather alongside representatives from the International Monetary Fund and the Arab Monetary Fund to discuss strategies for regional financial cooperation and prioritize upcoming economic and financial policies.
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