MoF, IMF discuss fiscal policy

abu dhabi — The Ministry of Finance welcomed an International Monetary Fund delegation in its headquarters in Abu Dhabi recently for an Article IV consultation for 2017.

They looked into the latest updates pertaining to the UAE’s financial performance indicators and the economic performance index. Discussions also focused on economic management updates and financial policies that are being implemented in the ministry, in addition to an introduction on Al Etihad Export Credit Company and its activities.

The meeting was held in the presence of Younis Haji Al Khoori, Under-secretary of the MoF; Khalid Ali Al Bustani, Assistant Under-secretary of the International Financial Relations Sector; Saeed Rashid Al Yateem, Assistant Under secretary of Resources and Budget Sector; and Mariam Mohammed Al Amiri, Assistant Under-secretary of the Management of Financial Resources, in addition to a number of executive managers at MoF.

Al Khoori highlighted that the UAE is well aware of the need to enhance the analysing function of its financial policies in addition to implementing practical strategies to enhance its financial planning and policy development capabilities.

“The ministry has been working on further developing the proposal that has been provided by the IMF and the World Bank Group pertaining to unifying economic policies,” he added.

— business@khaleejtimes.com

The ministry has been working on further developing the proposal that has been provided by the IMF and the World bank Group pertaining to unifying economic policies Younis Haji Al Khoori, Under-secretary of the MoF