Qatar is participating in the meeting of the 14th regular session of the Council of Arab Finance Ministers within the framework of the joint annual meetings of Arab financial bodies, which will be held in Rabat, Kingdom of Morocco, on Saturday, April 29, with the participation of finance ministers in Arab countries.
The meeting is also attended by the League of Arab States, the Arab Fund for Economic and Social Development, and the Arab executive directors of the International Monetary Fund and the World Bank Group, as observers. The Arab Monetary Fund has assumed the functions of the secretariat of the Council since its inception.
Dr. Abd al-Rahman bin Abdullah al-Hamidi stressed that the meeting of the Council represents an important opportunity to discuss the challenges facing financial policy makers in the Arab region in the context of regional and international economic and financial developments, noting the development taking place in the various topics covered by the meeting of this session.
He also praised the efforts made by the Arab countries in terms of public finance reforms, and their importance in achieving financial sustainability and supporting opportunities for comprehensive and sustainable growth in light of the current conditions.
The session’s agenda includes a number of important topics, including the report of Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund. The Council will also discuss regional and international economic developments, and the challenges facing the economies of Arab countries in light of the current international developments.
In this context, several working papers and topics will be discussed, including: the working paper on “Enhancing the Mobilization of Domestic Revenues in the Arab Countries” presented by the International Monetary Fund, the working paper on “Issues of Improving the Performance of Government Institutions and Companies” presented by the World Bank Group, and the guide on “Sovereign Sustainable Financing Instruments” and the study on “Debt Sustainability to Face Exposure to Shocks” presented by the Arab Monetary Fund. The Council will also discuss the map of global corporate tax reform implementation and its implications for Arab countries, in light of a presentation to be presented by the Organization for Economic Cooperation and Development (OECD). The agenda also includes the exchange of experiences item, discussing the role of fiscal policy in enhancing food security and supporting the transition to a circular carbon economy, where a number of Arab finance ministers will review the experiences of their countries in this regard. On the other hand, Mr. Mohammed bin Abdullah Al-Jadaan, Minister of Finance in the Kingdom of Saudi Arabia, will give a brief presentation on the latest developments in the activities of the Group of Twenty and their connection to the economic issues and priorities of the Arab countries.
The agenda includes a discussion of issues proposed to be included in the annual message of the Board of the World Bank Group and the International Monetary Fund.
