HE the Minister of Finance Ali bin Ahmed al-Kuwari participated in a ministerial roundtable meeting titled ‘Sovereign Debt Challenge’ in Paris recently.
The event was held on the sidelines of the 11th edition of the Paris Forum 2024, which concluded in the French capital.
The session was attended by several ministers and dignitaries. The session discussed an overview of the comprehensive assessment of the current weaknesses in global sovereign debt.
In addition to discussing progress in creditor co-ordination, refinancing conditions including expected prospects for more market issuances, and other potential proactive solutions to liquidity pressures for solvent countries facing short-term liquidity risks.
On his part, al-Kuwari emphasised the necessity of effectively addressing the challenges posed by sovereign debts and exploring suitable methods and frameworks to tackle the emerging issues resulting from these debts.
He also discussed Qatar's initiative to alleviate the burden of debt for education, stating: “Qatar's step to cancel outstanding debts reflects tremendous efforts in enhancing education and achieving sustainable development, with beneficiary countries committing to investing in education and community development.”
The minister further elucidated that through co-operation with the World Bank and the Education Above All Foundation, practical plans are being devised to support debtor countries by providing necessary technical assistance.
Co-ordinating additional grants and multi-party loans for educational projects is considered a proactive step towards sustainable development, with a focus on easing the financial burden on concerned nations.
HE the Minister of Finance Ali bin Ahmed al-Kuwari participated in a ministerial roundtable meeting titled ‘Sovereign Debt Challenge’ in Paris recently. The event was held on the sidelines of the 11th edition of the Paris Forum 2024, which concluded in the French capital.
