Regional and International Collaboration Essential for Economic Stability
Dubai, February 11, 2025 — Minister of Finance Taif Sami emphasized the critical need for regional and international collaboration to address the escalating economic challenges faced by nations today.
The Ministry of Finance announced that the ninth forum on public finances in Arab countries commenced on February 10 in Jumeirah, Dubai. Organized by the UAE Ministry of Finance in partnership with the Arab Monetary Fund and the International Monetary Fund, this forum serves as a precursor to the World Government Summit 2025, attracting the participation of Arab finance ministers, economic experts, and officials from various financial institutions.
Sami highlighted the necessity of implementing flexible financial policies to navigate the growing economic uncertainties impacting the global market. She pointed out that achieving a balance between development objectives, financial sustainability, and climate initiatives has become increasingly urgent in the current climate of uncertainty.
In her address, Sami underscored the importance of structural reforms in enhancing financial stability and ensuring the sustainability of public expenditures. She called for the development of financial policy tools to improve spending efficiency and bolster financial transparency.
Additionally, Sami stressed the crucial role of regional and international cooperation in supporting Arab countries’ efforts to confront economic challenges and attain sustainable development goals.
The forum, themed "The Flexibility of Public Finance in a World Surrounded by Uncertainty," will delve into various economic challenges across four key sessions. Topics include the overall impact of the economy on public finance, debt pressures, financial policies needed to adapt to climate change, and the evolution of tax systems to keep pace with economic transformations.
Participants will explore financing mechanisms for sustainable development and the contributions of regional and international financial institutions in aiding Arab countries to realize their economic ambitions. The discussions will also extend to opportunities and challenges related to the adoption of modern financial technologies to accelerate digital transformation within the financial sector.
The forum is set to conclude with a ministerial roundtable featuring Arab finance ministers, representatives from the International Monetary Fund, and the Arab Monetary Fund, focusing on strategies for regional financial cooperation and prioritizing future economic and financial policies.
