Al-Kuwari attends the 13th Session of the Council of Arab Finance Ministers in Saudi Arabia

HE the Minister of Finance Ali bin Ahmed al-Kuwari attended the inaugural session of the joint annual meetings of the Arab financial institutions of the IMF, Arab League, as well as the meeting of the 13th session of the Council of Arab Finance Ministers in Jeddah on Thursday. During the session, the most important regional and international economic developments and challenges facing them were reviewed. Also discussed were the measures needed to support the economies of Arab countries in their stage of recovery from the repercussions of the coronavirus pandemic. The ministers of finance discussed several topics and working papers including modernising the role of the state to stimulate growth driven by the private sector, in addition to digital transformation strategies in government securities markets in the Arab countries. Working papers on “Modernising the State’s Role to Stimulate Private Sector-driven Growth” were presented. The International Monetary Fund, World Bank Group and Arab Monetary Fund also presented various papers.