UAE takes part in G20 finance meeting in US
The UAE Ministry of Finance has taken part in the second meeting of G20 finance ministers and central bank governors in the US. Discussions focused on priority economic and financial issues, including the latest developments in the global economy and the outlook for growth, state news agency Wam reported. Co-operation on digital transformation and skills development, sovereign debt challenges and…
The UAE's Ministry of Finance participated in the second meeting of G20 finance ministers and central bank governors held in the US. The two-day conference, which took place in Asheville, North Carolina, focused on key economic and financial matters. These included the latest global economic developments, growth prospects, digital transformation, skills development, sovereign debt challenges, and addressing global imbalances.
Mohamed Al Hussaini, Minister of State for Financial Affairs, stressed the importance of cooperation among G20 members to foster sustainable and balanced growth. He also emphasized the need to share best practices in government services and investment in future skills. "The G20 is a vital platform for enhancing international cooperation and developing joint solutions to global economic challenges," stated Mr Al Hussaini.
The UAE showcased its efforts in digital transformation and improving government services to boost efficiency and ease of doing business. They also presented programs to cultivate national talent and prepare employees for evolving labor market demands. During the meeting, discussions with private sector representatives covered banking, the role of artificial intelligence in healthcare, advanced manufacturing, and digital assets.
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