The United Arab Emirates held the fifth annual meeting of Arab Deputy Ministers. Organised by the Arab Monetary Fund (AMF), in cooperation with the UAE Ministry of Finance, the meetings took place over the course of two days at the Sofitel Hotel in Abu Dhabi. At the meeting white papers and other relevant topics were discussed along with preparations for the next Council of Arab Finance Ministers meeting set for April 2020. Also, tax legislation challenges and the role the markets play in financing development and infrastructure projects in Arab countries were discussed.
H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, headed the UAE delegation at the meeting. Also present were Dr. Abdulrahman Bin Abdullah Al Hamidy, Director General and Chairman of the Board of Executive Directors of AMF, deputies of Arab finance ministries, experts and representatives from the International Monetary Fund (IMF), the World Bank Group (WBG), the Organisation for Economic Co-operation and Development (OECD) and several financial affairs specialists from Arab countries.
H.E. Younis Haji El Khoori highlighted the importance of the Arab Deputy Ministers meeting as an opportunity to share knowledge and learn about best practices for economic development in the Arab region in order to achieve sustainable growth.