As part of the World Governments Summit’s 2025 preparatory day, the Ministry of Finance, the Arab Monetary Fund, and the International Monetary Fund jointly hosted the Ninth Arab Fiscal Forum, which began Monday in Dubai.
In order to discuss strategies for enhancing public finance resilience in the face of global economic crises, the meeting brings together Arab finance ministers, economists, and representatives from regional and international financial institutions.
Designing effective and fair fiscal strategies to manage debt vulnerabilities and upcoming issues in the face of tighter funding limitations will be the main topic of debate. Reforms to public sector enterprises, tax administration, and subsidies are important subjects.The Ministerial Roundtable serves as the event’s concluding session, and there are four panel discussions.
Global growth is expected to stay at 3.3% this year and next, according to the International Monterey Fund (IMF), before lowering to slightly over 3% during the following five years, which is much less than the historical norm.
According to IMF Managing Director Kristalina Georgieva, a resurgence in oil output and a reduction in regional hostilities are predicted to propel growth in the Middle East and North Africa back to roughly 3.6% in 2025.
In general, policymakers have been successful in controlling inflation, but not always; in certain nations, inflation has resumed its upward trend. At the 9th Arab Fiscal Forum, Georgieva stated that this might result in a difference in interest rates between nations and increased borrowing costs for developing and emerging market economies.
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