Ministry of Finance launches the “Money Leaders” initiative

Today, the Ministry of Finance announced the launch of the “Money Leaders” initiative within the “Young Financial Advisors” program launched by the Federal Youth Authority in partnership with the Ministry, the Central Bank of the United Arab Emirates, the Securities and Commodities Authority, and a number of national and private entities, to qualify Emirati youth as certified financial advisors.

The initiative came within the framework of the Ministry of Finance’s commitment to supporting national initiatives that promote building a financially aware generation capable of leading the future, and as a contribution to achieving the goals of society.

The “Finance Leaders” initiative aims to enable an elite group of Emirati youth to undergo an integrated practical experience within the government financial work system, and to acquire the knowledge and skills that qualify them to assume influential leadership roles in the public finance sector, in a way that keeps pace with the requirements of the national economy and enhances the country’s global competitiveness.

Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, said that the “Money Leaders” initiative comes within the framework of the Ministry of Finance’s commitment to enhancing community participation in the national development process, and its contribution to achieving the goals of the general society by empowering Emirati youth and preparing them to be partners capable of leading the future of the financial sector in the country. Youth are the pillar of development and the basis of sustainable progress, and through this initiative we seek to open new knowledge and professional horizons for them that enable them to build leadership paths in the government financial work system.

Al-Husseini added: “This initiative constitutes a practical translation of the Ministry’s vision of developing national human capital, by providing an integrated experience that combines theoretical knowledge and practical application within the various sectors of the Ministry of Finance, such as budget and revenues, government financial management, tax legislation, and international financial relations, to learn about important files within the scope of the Ministry’s work, including government public debt and digital transformation. This experience represents a unique opportunity for young people to interact with leaders and experts in the Ministry, and gain an in-depth understanding of the role of public finance in supporting economic growth and achieving financial stability for the state.”

He stressed that preparing a new generation of financial leaders is a strategic investment in the future of the UAE, as these young people will in the future lead financial planning, public resource management, and anticipating innovative solutions to future challenges. With combined efforts between the Ministry of Finance and the Federal Youth Foundation, we are moving with confident steps towards establishing a pioneering Emirati model in empowering youth and employing financial knowledge to serve sustainable development and enhance the country’s global competitiveness.

For his part, Dr. Sultan bin Saif Al Neyadi, Minister of State for Youth Affairs, said that the ‘Money Leaders’ initiative comes within the ‘Young Financial Advisors’ program to reflect the state’s commitment to providing a stimulating environment that supports young people and enables them to acquire the practical experience and financial knowledge necessary to develop their leadership skills and capabilities, as this type of program represents a true translation of the state’s directions and the vision of the wise leadership, to empower young people and qualify them to be active partners in shaping the future of the nation and achieving sustainable development.

Al Neyadi added that this step reflects the importance of cooperation and integration between government agencies to qualify and empower young people in the field of financial culture, in line with the state’s directions to provide them with knowledge and tools that qualify them to make strategic financial decisions, especially since this initiative comes within the joint national efforts to achieve the goals of the National Youth Agenda 2031, through the economics axis, which consolidates the role of youth in leading the country’s financial future with confidence and efficiency, through integrated youth platforms for learning and practical training.

He noted that Emirati youth today constitute a focus for building a generation of financial leaders capable of shaping the future in the areas of investment and saving, and increasing community financial awareness, as empowering youth in these areas contributes to strengthening the role of the family and society as an essential tributary that supports the national economy, by establishing financial culture among individuals and enabling them to make responsible financial decisions that contribute to the sustainability of development.

The initiative seeks to enhance national financial awareness by introducing participants to the Ministry of Finance’s specializations and its role in the sustainability of financial resources in the government, in addition to providing practical experiences that link theoretical knowledge with realistic practices in government institutions, and provides opportunities for direct interaction with leaders and experts within the Ministry, and allows young people to expand the horizons of their knowledge through local and international partnerships and field visits to a number of government agencies and international financial institutions.

The “Money Leaders” initiative is scheduled to be implemented during the month of November over two consecutive weeks. The first week includes an integrated program presented by sectors of the Ministry of Finance, which includes budget and revenues, government financial management, tax legislation, and international financial relations. The second week includes field visits to government agencies and international institutions, including the Department of Finance in Dubai and Abu Dhabi, the World Bank Group, and the International Finance Corporation, allowing participants an integrated experience that combines theoretical knowledge and practical application.