DUBAI: Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, has highlighted the importance of the Forum of Public Finance in the Arab States as an important platform for the exchange of expertise and experience in the development of mechanisms to encourage the growth of SMEs and the wider private sector.

“The global and regional macro-economy is going through significant developments at a number of different levels. We are witnessing the birth of the era of digital currency, which will result in new challenges for Arab economies in the future as they adopt new monetary and financial reforms. Policymakers will also be looking for ways to enhance spending efficiency to achieve economic growth and support sustainable social and economic development,” Sheikh Hamdan said.

He welcomed Christine Lagarde, Managing Director of the International Monetary Fund, IMF, and the participating ministers with the hopes that the Forum will result in recommendations in line with the aspirations of Arab society.

The Ministry of Finance, MoF, is participating in the third forum of Public Finance in the Arabic States on 10th February in Dubai. It is organised by the Arab Monetary Fund, AMF, in collaboration with the IMF.