“Finance” is looking at the prospects for international cooperation and the economic flexibility of the Gulf states

The Ministry of Finance organized two high -ranking dialogue sessions, within the activities of the first day of the World Summit of Governments 2025 “, which started in Dubai today and continues until February 13 in Dubai, dealt with ways to enhance international multilateral cooperation in the financial and economic fields, and the flexibility of the economies of the Cooperation Council states Al -Khaleeji, and Al -Saltan witnessed the participation of a group of decision makers and financial experts from around the world, to discuss innovative solutions to face global economic challenges and develop sustainable financial policies that enhance stability and growth.

Supporting economic stability
“The participation of the Ministry of Finance in the World Government Summit is to confirm the commitment of the UAE to enhance international cooperation and develop a more flexible and sustainable financial system. With the growing global economic challenges, the need to reformulate the mechanisms of cooperation is highlighted Parties, and enhance coordination between financial institutions and governments to create solutions capable of supporting economic stability and comprehensive growth. “

Al -Husseini added, “Enhancing the flexibility of economies, especially in light of the current geopolitical and economic changes, requires an integrated approach that combines effective financial policies, sustainable investments, and innovative financial technology,” stressing that the UAE, through its ambitious economic strategy, is keen to play a pivotal role in Support international efforts to enhance financial governance, provide an attractive investment environment, and harness modern technology to develop more efficient financial systems. Through this summit, we look forward to exchanging experiences and consolidating cooperation with international partners, in order to establish the state’s position as a leading global center for financial and economic dialogue. ”

Multi -party cooperation
In detail, the Ministry of Finance and the International Monetary Fund held a session entitled “Re -perception of the Future of Multilateral Cooperation and the Future Fund”, in the presence of Muhammad bin Hadi Al -Husseini, Minister of State for Finance, and Crystalina Georgiva, Director General of the International Monetary Fund, and the participation of a group of international officials, and ministers Finance, representatives of international financial institutions, as well as global economists.

The session reviewed the most prominent challenges facing the multilateral cooperation system in light of the escalation of national and geopolitical tendencies, and the increasing complications that surround global issues, such as climate change, economic disparity, and others, and the participants also highlighted the importance of developing innovative financing mechanisms and expanding the scope of the global financial safety network to confront Economic crises and meet the needs of developing countries.

The session, which was moderated by Dr. Jihad Azour, Director of the Middle East and Central Asia Department of the International Monetary Fund, dealt with several axes, most notably enhancing international financial cooperation in light of the changing global scene and the dangers of geo-economic tensions, and the role of technology in supporting the global financial safety network, and harming these The network to protect the global economy from economic crises and meet the needs of the most vulnerable countries, and build a sustainable debt management framework in countries with weak economies. The session also witnessed valuable interventions from international experts and officials, and concluded with a number of recommendations aimed at enhancing international cooperation, restructuring financial systems to be more comprehensive, and supporting developing economies to face the upcoming global challenges.

Promote the elasticity of the Gulf economy
The Ministry of Finance and the General Secretariat of the Cooperation Council for the Arab States of the Gulf also organized a session entitled “Promotion of Flexibility: Forming the Future of the Gulf Cooperation Council economy in light of regional and global challenges”, as it witnessed the participation of a group of decision makers and economic experts, who discussed the most prominent economic challenges facing the GCC countries In addition to reviewing promising opportunities to enhance economic flexibility and sustainable development. Abdullah bin Touq Al -Marri, Minister of Economy in the UAE, Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy in the Kingdom of Bahrain, and Jassem Mohammed Al -Badawi, Secretary -General of the Cooperation Council for the Arab Gulf States, and His Excellency Crystalina Georgiva, Director General of the International Monetary Fund .

Abdullah bin Touq Al -Marri reviewed, during the session, the global economic transformations and the importance of adapting to a multi -polar economic reality. His Excellency discussed the future of trade and supply chains, highlighting the need to build flexible and sustainable systems. He also presented a comprehensive vision on the UAE Vision 2031, which aims to form the economic future of the country through diversification and innovation, stressing the position of the UAE as a global center for trade and investment. His Excellency called for enhancing cooperation and integration with the Gulf Cooperation Council countries to create joint growth opportunities that support sustainable economic development in the region.

In turn, Sheikh Salman bin Khalifa Al Khalifa stressed the importance of adopting flexible financial policies to confront global turmoil, reviewing the lessons learned from debt management and public spending in times of crisis and economic shocks. He also stressed the role of partnerships between the public and private sectors in accelerating the pace of economic growth and diversification.

Jassem Al -Badawi dealt with opportunities for regional integration as a major factor to enhance the competitiveness of the Council of Council, and highlights cooperation in commercial policies and infrastructure.

Crystalina Georgeva provided a comprehensive analysis of global economic transformations and how global macroeconomic trends, including inflation, interest rate dynamics, commercial turmoil and geopolitical tensions, affect the economies of the Gulf Cooperation Council countries.

Partnership between the public and private sectors
The Ministry of Finance, in cooperation with the Arab Monetary Fund, will hold a session entitled “The role of partnership between the public and private sectors in paying innovation in social infrastructure”, in which Yunus Haji Al -Khoury, Undersecretary of the Ministry of Finance, and Engineer Sharif Al -Alami, Undersecretary of the Ministry of Energy and Brown speaks Energy and Petroleum Affairs, Dr. Fahd bin Muhammad Al Turki, General Manager and Chairman of the Board of Directors of the Arab Monetary Fund, Imad Fakhoury, Global Director of Infrastructure Finance and Partnership between the Public and Private Sectors at the World Bank Group, and Abdel Fattah Sharaf, Chairman of the Board of Directors of HSBC “The Limited Middle East.

The session aims to study the possibilities of strengthening partnerships between the public and private sectors in accelerating the implementation of development strategies in the social infrastructure sector, with a focus on the vital sectors, such as health care and education.

The session highlights how to employ innovation provided by the private sector to improve the quality of basic services, which directly affects the welfare of society. The session deals with mechanisms to integrate best global practices and set a framework that reflects successful models, to enhance innovation in the main sectors, which contributes to achieving sustainable development and achieving the maximum benefit from the partnership between the two sectors.