Mof Concludes Its Participation In Idb Group Meetings



Tunisia, 5 April, 2018: The Ministry of Finance (MoF) concluded its participation in the 43rd Annual Meetings of the Islamic Development Bank (IDB) Group held in Tunisia. The meeting was attended by 57 ministers of Finance and Economics of the IDB group member countries, and more than 1000 participants representing several Arab, regional and international financial institutions and entities, as well as experts in various economic sectors. The UAE delegation, headed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, alongside the 43rd meeting of the IDB Group, participated in the meetings of the Supreme Council for the Funds of Al Aqsa and Al Quds, the Fund’s management committee meeting, and participating in the annual periodic meetings for the Group’s institutions, including the eighteenth meeting of the Assembly of Islamic Cooperation for the Development of the Private Sector (ICD). That, in addition to, the 25th meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the thirteenth meeting of the General Assembly of the International Islamic Trade Finance Corporation (ITFC), and the eleventh annual meeting of the Board of Governors of the Islamic Solidarity Fund for Development (ISFD). HE Obaid Humaid Al Tayer stressed the importance of the UAE’s participation in the meetings of financial institutions for their key role in building international strategic partnerships and strengthening financial and economic relations with regional and international entities, institutions and funds to achieve the highest levels of global financial competitiveness for the UAE. HE said: “The IDB Group meetings are an ideal platform to review the UAE's leading financial and development model, exchange expertise and experienceson developing financial policies, and strengthening the network of UAE’s relations with various global financial institutions.” HE added: “Through its participation in the meetings, the Ministry of Finance was committed to discuss importanttopics and highlight the challenges facing the Group and its institutions, with focusing on the need to adopt and implement governance in all procedures and operations, and rationalise spending and directing it towards mutual development projects to achieve sustainable economic development.”

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