IMF calls on Arab states to develop their policies of economic diversification

IMF calls on Arab states to develop their policies of economic diversification


1/11/16
Asked the International Monetary Fund and World Bank Group «the development of economic diversification in the oil-exporting Arab countries policies», and countries in the region strengthen «the reality of investment and growth» and «flexible labor markets to cope with unemployment».
The Ministry of money in the United Arab Emirates that these requests will be the subject of debate in the agents and finance ministries Arab meeting to be held this weekend in Abu Dhabi, as well as inclusion of the private sector. 
The aim of the meeting to be held Wednesday and Thursday, to discuss a range of key issues revolve around financial policy coordination among the Arab countries and discuss regional and international economic challenges and future steps to support economic growth in the region and promoting investment opportunities. 
The recommendations will be submitted agents Ministries money to a meeting of Arab Ministers of the Council of Arab money to be held in Bahrain during the April meeting (in April). 
The meeting will see the wide participation at the level of Arab countries and some international financial organizations, namely the IMF and the World Bank Group in the presence of a large number of specialists in the financial and economic spheres in the Arab countries. Participants will also discuss the reality of policies and tax reform in the Arab countries and the latest developments related to organizing a forum of public finance issues for the Arab region, as well as a discussion of the United Arab Emirates initiative to support development in the Arab countries and to prepare for the meeting of finance ministers of Arab Council to be held in Bahrain during next April. 
Said Undersecretary of the Ministry of Finance UAE Younis Haji Al Khouri: «the UAE represented by the Ministry money seeks to strengthen the bonds of joint work with various ministries of the money in the Arab countries, through forums and meetings organized to discuss coordination in the financial and economic spheres, including supporting development in the Arab countries and helps to growth, and so out of visions to improve the coordination of Arab financial and development of the system in the form of reflecting the aspirations of its citizens. » 
He added: «The Ministry of Finance is keen to strengthen the position of the UAE and strengthen the financial and developmental relations at the Arab level and within the various levels, in line with the UAE's commitment to support social and economic development in the various fields of Arab states».
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