UAE participates in first G20 Finance Ministers meeting

The UAE delegation participating in the first meeting of undersecretaries of ministries of finance and central banks governors of G20 included H.E. Saeed Rashid Al Yateem, Assistant Under Secretary of Resource and Budget Sector; Majid Ali Omran, Advisor at the Ministry of Finance; Khalifa Al Fahim, Monetary Policy Director at the UAE Central Bank; and Nahyan Al Dhaheri, Representative of the Ministry of Foreign Affairs and International Cooperation.

H.E. said: “The summit is an important international event and presents an opportunity to share the UAE’s views on various international issues, including the United Nation’s Sustainable Development Goals. It also enables cooperation with prominent global economies to find solutions to address the challenges facing the world’s international financial system, financial sector reforms and the future of investment in infrastructure.”

The UAE’s participation in the 2020 G20 Riyadh summit was part of the invitation from the Kingdom of Saudi Arabia, which assumes the G20 Presidency leading up to the Leaders’ Summit in Riyadh on 21-22 November, 2020.

The Saudi G20 Presidency will focus on ‘Realizing Opportunities of the 21st Century for All’ and will have three aims: Empowering People by creating the conditions in which everyone – especially women and youth – can live, work and thrive; Safeguarding the Planet through collective efforts on food and water security, climate, energy and environment, and Shaping New Frontiers through long-term strategies to share the benefits of innovation and technological advancement.

Finance ministers and central bank governors from the G-7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) in addition to Argentina, Australia, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa and Turkey, will participate in the meetings. 

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