Dubai: The 9th Arab Fiscal Forum concluded on a high note today after a series of engaging and constructive discussions aimed at tackling vital economic issues affecting both Arab and global economies. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, stated that the Arab Fiscal Forum has become a strategic platform to enhance financial and economic integration among Arab nations.
According to Emirates News Agency, H.H. Sheikh Maktoum emphasized the need for a comprehensive approach to establish modern financial systems, focusing on improving spending efficiency, diversifying revenue sources, and utilizing advanced financial technologies such as digitization and artificial intelligence. These measures are intended to enhance transparency, financial sustainability, and the resilience of Arab economies. He further highlighted the importance of developing flexible financial policies that can adapt to global economic transformations, support stability, and foster sustainable growth.
H.H. Sheikh Maktoum also underscored the role of regional cooperation in crafting innovative financial policies that address future challenges and enhance the investment appeal of Arab economies. In his remarks following the event, he expressed that the forum's themes and outcomes would contribute significantly to shaping future financial visions that support development strategies. He stressed the importance of continuing these dialogues during the World Governments Summit 2025, which will explore global financial and economic trends and strengthen international cooperation in building sustainable financial systems.
The Ministry of Finance concluded the ninth edition of the forum in collaboration with the Arab Monetary Fund and the International Monetary Fund. The event took place on the eve of the World Governments Summit 2025, scheduled in Dubai from February 11 to 13. The forum attracted notable attendees, including Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Kristalina Georgieva, Managing Director of the International Monetary Fund; and H.E. Dr. Fahd bin Mohammed Al-Turki, Director General and Chairman of the Board of the Arab Monetary Fund.
The forum assembled Arab finance ministers, experts, senior officials, and specialists from regional and international financial institutions. It was held under the theme 'Fiscal Resilience in an Era of Uncertainty: Balancing Development Needs, Climate Action, and Debt Sustainability.' The participants explored a range of economic topics and issues impacting both Arab and global economies, including macroeconomic developments, public finance policies to address debt pressures, enhancing resilience to climate change, and redesigning tax systems to align with major economic transformations.
In his opening remarks, Mohamed bin Hadi Al Hussaini stressed the importance of adopting financial strategies that promote sustainable growth and support economic development in Arab countries. He highlighted the need to enhance spending efficiency and leverage modern technologies to develop advanced financial and tax systems. Al Hussaini noted that the UAE has adopted a comprehensive approach to financial sustainability, developing financial legislation, launching bond and treasury bill programs, and expanding the investment base to achieve economic balance and support future development plans.
Kristalina Georgieva from the IMF remarked on the strong partnership between the IMF and Arab countries, emphasizing the importance of leveraging fiscal policy to transform economies, support growth, and improve the quality of life. Meanwhile, Dr. Fahd bin Mohammed Al-Turki of the Arab Monetary Fund highlighted the forum's role in strengthening fiscal policies' resilience and promoting inclusive, sustainable growth across the region.
The forum featured four panel discussions, each addressing critical economic issues, and concluded with a ministerial roundtable attended by Arab finance ministers. The meeting underscored the importance of enhancing cooperation among Arab nations to address common challenges and develop sustainable financial policies that promote economic stability in the region.
