Qatar participates in G20 Finance Ministers and Central Bank Governors Meeting

The State of Qatar took part in the G20 Finance Ministers and Central Bank Governors Meeting, which took place in Asheville, North Carolina, United States. The event focused on various economic and financial issues, such as global economic developments, the role of the private sector, banking sector trends, AI and digital assets, monetary policies, sovereign debt, economic imbalances, financial literacy, and combating fraud.

During the meeting, Qatar's Minister of Finance, HE Ali bin Ahmed Al Kuwari, stressed the significance of international coordination and cooperation to tackle global economic and financial challenges, enhance the stability of the international financial system, and promote sustainable and inclusive growth. He also highlighted the importance of creating a supportive environment for the private sector, promoting innovation, and leveraging technological advancements to boost competitiveness and spur economic development.

In this context, HE the Minister pointed out that conflicts can hamper economic growth by disrupting trade and raising energy and transport costs, leading to higher inflation and negatively impacting investment, especially in emerging economies. He emphasized the need for stronger international cooperation, reaffirming Qatar's commitment to energy security and market stability, as well as fostering economic partnerships that encourage integration and help address geopolitical challenges.