Sharjah 24 – WAM: The UAE, represented by the Ministry of Finance (MoF) and the Central Bank of the UAE (CBUAE), participated in the third meeting of Finance Ministers and Central Bank Governors of the G20 (G20 FMCBG), which took place on 25-26 July under Brazil's presidency for the year 2024.
The event was held in Rio de Janeiro with the presence of representatives from member countries, invited nations, and international financial organisations and institutions.
The UAE’s delegation to the meeting was led by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs.
On the sidelines of the meeting, Brazilian President Luiz Inácio Lula da Silva met with Mohamed Hadi Al Hussaini to discuss common issues, including enhancing bilateral cooperation in sustainable finance.
Al Hussaini emphasised that the third G20 FMCBG meeting in Rio de Janeiro is yet another testament to the importance of international cooperation in addressing global economic challenges and strengthening financial stability.
The meeting explored avenues for assessing progress in implementing the G20 priorities for 2024, identified by Brazil in line with its role as Chair of the current session.
Al Hussaini participated in the event, held on the sidelines of the G20 finance ministers and central bank governors’ meetings. The event was jointly organised by COP28 and Brazil, the current G20 chair, focusing on advancing sustainable finance.
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