The Ministry of Finance concludes the field visits program for the initiative "Money leaders"

Dubai, November 24 / WAM / The activities of the “Field Visits to Financial Institutions” program were concluded as part of the “Money Leaders” initiative, which is organized by the Ministry of Finance, in cooperation with a number of local financial departments and international financial institutions, as part of the Ministry’s ongoing efforts to empower young national competencies and prepare them to lead the future of financial work in the country, as the “Money Leaders” initiative is one of the Ministry of Finance’s initiatives within the “Young Financial Advisors” program, in partnership with the Federal Youth Foundation.

The program represents the second phase of the initiative, and continued for a week between November 17 and 20, which included a series of field visits to the Department of Finance in both the governments of Abu Dhabi and Dubai, the World Bank Group, and the International Finance Corporation, with the aim of providing a direct opportunity for participants to learn about the best financial and administrative practices applied locally and internationally, and to expand their awareness of the financial planning system and public resource management.

His Excellency Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said that the implementation of the field visits program for the “Financial Leaders” initiative comes as a practical translation of the Ministry’s vision in preparing a generation of financial leaders capable of combining theoretical knowledge with practical application, and gaining experience from the reality of government financial work, whether at the federal, local or international level. These field experiences represent a qualitative opportunity for Emirati youth to learn about the best practices that contribute to developing their competencies and enhancing their understanding of the vital role of financial policies in supporting sustainable economic growth.

He added: We are proud of our partnership with the financial departments in the country and international institutions, which confirms the integration of national efforts in preparing a financially aware generation qualified to assume influential leadership roles. We believe that initiatives constitute an essential pillar in achieving the goals of society, by investing in the energies of youth and employing them to serve the comprehensive development process of the UAE.

The program included a schedule full of activities and events, which began with visits to the Department of Finance in Dubai to learn about best practices in preparing local budgets and managing government revenues, followed by a visit to the International Finance Corporation to learn about development financing programs and the role of global financial institutions in supporting economic sustainability.

The program also included a station at the Department of Finance in Abu Dhabi to review the financial control management system and digital transformation in financial operations, and concluded with a visit to the World Bank Group to learn about international experiences in the field of macrofinancial policies.

The program was designed in coordination with the relevant departments in the Ministry of Finance to ensure the integration of the content with the theoretical topics that the participants received during the first week of the initiative, in a way that enhances their analytical and leadership capabilities and gives them a comprehensive vision of the government financial work system locally and internationally.

Her Excellency Buthaina Al Mazrouei, Director General of Government Finance Affairs at the Department of Finance – Abu Dhabi, said: We at the Department of Finance – Abu Dhabi are committed to supporting the Ministry of Finance’s initiatives aimed at empowering youth and building their capabilities in the government financial management system. During the visit, we presented an integrated presentation on the department’s advanced work model, which includes preparing the general budget, transitioning to program and performance budgeting, revenue and treasury management, and government accounts, in a way that reflects the financial governance standards adopted by the emirate.

She added: At the Department of Finance, we focus on developing a financial system based on innovation and foresight, by accelerating applications of artificial intelligence and advanced analytics to support planning and decision-making. The initiatives represent a practical platform for young people to gain an in-depth understanding of the role of public finance in enhancing spending efficiency, sustaining resources and achieving development priorities in Abu Dhabi and the UAE.

Arif Abdul Rahman Ahli, Executive Director of the Planning and Public Budget Sector at Dubai Finance, said that the department’s participation in the “Field Visits to Financial Institutions” program within the “Finance Leaders” initiative embodies Dubai Finance’s commitment to supporting the efforts of the Ministry of Finance and the public finance sector in the country, aimed at preparing a generation of young talent capable of leading the future of this vital sector.

He stressed Dubai Finance’s keenness, through the partnership, to transfer its practical expertise in the areas of budget preparation, resource planning, and government spending management, in a way that enhances the program participants’ understanding of the financial system and its important role in supporting the process of sustainable economic development.

He added: Empowering Emirati youth represents a fundamental pillar in developing the efficiency of government financial work, and it also contributes to consolidating the state’s readiness to keep pace with the requirements of the future. Therefore, we are proud that Dubai Finance is one of the main stations at which the field visits program stops, which highlights its pivotal role in developing financial policies and strengthening the public financial management system in the emirate.

Safaa Al-Tayeb Al-Kokali, Regional Director for the Gulf Cooperation Council Countries at the World Bank, said: The Young Financial Advisors Program represents a strong investment in Emirati youth by providing them with advanced financial knowledge and providing them with the opportunity to learn about decision-making mechanisms in the public sector. This reflects the future vision of the UAE within the framework of the National Youth Agenda 2031, and the World Bank is proud to support this initiative by sharing global knowledge and contributing to enhancing the skills that enable youth to shape the future of the economy in the country.

The “Field Visits to Financial Institutions” program aims to complement the educational experience of participants in the “Money Leaders” initiative, by combining theoretical training within the sectors of the Ministry of Finance, and practical application in the field, in a way that enhances their ability in strategic financial thinking and decision-making, and enables them to contribute effectively to supporting the competitiveness of the national economy and achieving sustainable development goals.

Abdullah Jafri, Regional Director for the United Arab Emirates at the International Finance Corporation, said: We at the International Finance Corporation were pleased to receive participants in the “Money Leaders” initiative to introduce our work and our role in supporting economic growth and enhancing investment opportunities in emerging markets through financing and developing the private sector. Our contribution to this program stems from our commitment to exchanging experiences and linking national competencies with global practices, which contributes to empowering youth, creating quality job opportunities, and enhancing cooperation between the public and private sectors to achieve sustainable development. These initiatives complement our goals of building more competitive markets and expanding economic opportunities for all.

The “Money Leaders” initiative is one of the initiatives of the Ministry of Finance, and a contribution to achieving the general goals of society. It aims to enable an elite group of Emirati youth to engage in 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. The initiative also seeks to enhance national financial awareness, establish a comprehensive understanding of the government financial work system, and build a new generation of financial leaders capable of strategic thinking and formulating innovative solutions to future challenges, thus contributing to supporting the UAE’s sustainable economic growth and enhancing its global competitiveness.

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