March 26, 2023
1 min read

UAE participates in G20 meet on finance

The UAE delegation further emphasised the importance of coordinated short and long-term policy measures to promote food and energy security…reports Asian Lite News

The UAE participated in the second Framework Working Group (FWG) meeting within the G20 Finance Track for 2023, which was held in Chennai, India, from the 24th to 25th of March to discuss the progress made on the 2023 FWG work plan.

G20 members, invited countries, and international organisations attended the meeting.

The UAE delegation included Shamma Yousif Abdelghani, Project Manager and Deputy Chief Innovation Officer at the Ministry of Finance, Saood AlNoori, Head of Asia Affairs – Diplomatic Engagement COP28, and Fares Khamis Al Kaabi, Senior International Economic Analysis at the Central Bank of the UAE.

FWG members discussed global economic outlook and challenges with specific focus on global inflation.

Additionally, they shared their views on food and energy insecurity by emphasising their implications on growth prospects and inflation.

During the meeting, the UAE delegation presented the UAE’s economic outlook in light of the current global landscape, including economic uncertainties and inflation levels.

The UAE delegation further emphasised the importance of coordinated short and long-term policy measures to promote food and energy security.

Lastly, the UAE delegation highlighted emerging uncertainties in the finance sector and discussed effective ways to promote global financial stability and prevent spillover effects.

The Indian presidency had also arranged a side event for the members to discuss macroeconomic risks stemming from climate change and transition pathways.

The side event was co-organised with the UAE, as the upcoming host of COP28, where the outcome of the discussions of the side event will help guide the G20 report on the macroeconomic risks stemming from climate change and transition pathways.

The members agreed to review the progress on the group’s work plan during the next upcoming meeting, at a date to be set by the Indian presidency.

ALSO READ-Xi, Putin align G20 stand

Previous Story

ChatGPT bug may have exposed payment information

Next Story

Dubai logs over AED8.6bn in weeklong real estate deals

Latest from -Top News

Trump-Putin bhai, bhai

The closer Trump and Putin get Britain, France and other Western countries which, since the end of the Second World War, have seen America as an ally, will have to rethink their

Mali embraces solar power for rural areas  

The border village of Karan and its 3,000 people used to go days without electricity. Now, enough power is available around the clock to run small video gaming centers and boost commercial

British exports shine in African infrastructure 

Established 18 years ago, Dints is a London-based project integrator that specialises in connecting buyers, suppliers, logistics providers, and funding partners  A significant partnership between UK Export Finance (UKEF) and British firm
Go toTop

Don't Miss

UAE dispatches 50 tonnes of food aid to Burkina Faso

The relief aid is a continuance of the country’s humanitarian

Indian mission in Riyadh hosts wives, relatives of diplomats on women’s day

The event was widely attended by wives and relatives of