UAE takes part in G20 FMCBG meeting in Indonesia

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has represented the UAE in the first G20 Finance Ministers And Central Bank Governors (FMCBG) meeting in 2022, which was held in Jakarta, Indonesia on Feb.17 and 18, 2022.

The meeting sought to discuss the three main pillars identified by Indonesia in its G20 2022 Presidency, namely: Global Health Architecture, Sustainable Energy Transition, and Digital Transformation.

Saeed Rashid Al Yateem, Assistant Under-Secretary of the Resource and Budget Sector at the Ministry of Finance (MoF), and senior officials from the ministry attended the meeting, alongside finance ministers, central bank governors of the G20 member, invited countries and officials from regional and international organisations.

Al Hussaini highlighted the importance of this meeting, which provides a platform that allows finance ministers and central bank governors to discuss several financial and economic issues, and offers an opportunity to unify efforts to ensure continuous growth and sustainable global economic development. He added, “The UAE stresses the importance of collaboration to explore synergies and advance the sustainable finance roadmap. We are keen to collaborate with Sustainable Finance Working Group and COP to integrate and promote sustainable finance priorities.

“The UAE stresses ensuring stability and a smooth global economic recovery. The UAE continues to push for the prioritisation of finance track priorities including enhancing remittances, advancing digital currencies, and leveraging technology to enhance MSMEs access to finance,” he noted.

WAM