Under South Africa’s presidency for 2025, the UAE is taking part in the third meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) through the Ministry of Finance and the Central Bank of the UAE. Representatives from invited nations, international organizations, and G20 member states gathered in the city of Durban for the summit.
The UAE delegation, which was led by Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, included Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance; Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance; and Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE.
The purpose of the summit is to examine the status of the 2025 priorities established by the G20 presidency of South Africa. The acceptance of the formal communiqué, to which the UAE contributed through working group remarks and participation in writing sessions at the deputy level, will mark its conclusion.
The global macroeconomic outlook, international financial architecture, infrastructure development, international taxation, barriers to African growth and development, sustainable finance, financial sector concerns, and financial inclusion are just a few of the many themes discussed.
The Third G20 Finance Ministers and Central Bank Governors Meeting, according to Mohamed Bin Hadi Al Hussaini, offered a strategic forum for enhancing international cooperation on global financial and economic concerns.
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