Qatar to explore new strategies for long-term financial sustainability

The Financial Sustainability Conference for Economic Sectors is set to commence in Doha, convening a diverse assembly of decision-makers, experts, and representatives from various spheres including government, private sector, finance, and academia. The primary objective of this conference is to scrutinize the challenges and opportunities related to financial sustainability, and to transform this knowledge into practical recommendations and initiatives.

Among the key themes to be addressed are financial sustainability's role in economic diversification, sustainable finance and banking, accounting and auditing's contribution to sustainability, digital transformation and AI's impact on sustainability, risk management, and enhancing economic resilience amid global changes. This event, organized by the Qatar Association of Certified Public Accountants (QCPA) in collaboration with the Ministry of Commerce and Industry, and sponsored by the Ministry of Finance, Qatar Development Bank, and QNB Group, aims to facilitate knowledge exchange, collaboration, and integration across sectors.

QCPA Chairman Dr. Sultan bin Hassan Al Dhabet Al Dosari emphasized that financial sustainability is crucial for the viability of economic sectors, a balanced economy, and a sustainable future for generations. He stressed the importance of managing financial resources prudently, generating revenues to cover expenditures and meet long-term obligations, while ensuring continuous growth.

Dosari pointed out that this aligns with the goals of Qatar National Vision and the Third National Development Strategy 2024-2030. The conference thus presents an opportunity to exchange ideas, identify challenges, explore innovative solutions, and move beyond traditional financial management to an integrated approach focusing on sustainability, efficiency, revenue diversification, risk management, governance, digital transformation, and preparing for future economic changes.