The UAE participates in the Al -Ula conference for emerging market economies

Al -Ula on February 16 / WAM / The UAE represented by His Excellency Mohammed bin Hadi Al -Husseini, Minister of State for Finance, participated in the work of the Al -Ula conference for emerging market economies, organized by the Saudi Ministry of Finance and the Regional Office of the International Monetary Fund in Riyadh, on February 16 and 17 in Al -Ula Governorate Saudi Arabia.
The conference brings together decision makers and economic experts to discuss financial and economic issues at the regional and international levels, and policies aimed at stimulating the comprehensive prosperity of emerging market economies.
Within the framework of the activities of the conference, His Excellency Al -Husseini participated in the high -level round table meeting entitled “Work together to support the recovery of the Middle East economies after the conflict”, which brought together representatives of the Gulf Cooperation Council states, the Group of Seven countries, the International Monetary Fund, the World Bank, and the European Commission, And the Arab Coordination Group, with the aim of exchanging opinions and knowledge about the challenges facing economies that suffer from the newly produced conflicts, and the participants in the meeting discussed ways to develop a common point of view of cooperation paths to support the recovery of these economies.
His Excellency also attended a number of sessions that discussed the most prominent economic challenges facing emerging markets and the global economy.
And the session “Emerging Markets: Challenges in the field of policies in the midst of structural transformations in the global economy” focused on the challenges facing economic policy makers in light of the change in the global economy, and discussed the session “High debt and low financial space – support public financial systems and multilateral solutions to restructure Debt “, the mechanisms available to support the sustainability of public finances and address debt crises, while the” monetary policy and capital flows session in light of the high uncertainty “discussed the impact of global monetary changes on investment flows and capital in emerging markets.
As for the “productivity in emerging market economies and developing economies: challenges and opportunities”, it highlighted ways to enhance productivity to achieve sustainable economic growth, while the session “dealing with trade tensions and uncertainty” discussed the risks of global trade conflicts and their effects on supply chains Economic growth, and the “Flexibility of the Financial System in Emerging Markets” session focused on enhancing financial stability and building financial systems capable of steadfastness in front of crises.
Participation comes within the framework of the UAE’s keenness to enhance its active presence in international economic platforms, and to consolidate strategic partnerships that contribute to supporting financial and development stability at the regional and global levels.

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