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Ministry of Finance holds Government Financial Policy Coordination Council’s second meeting for 2022

September 8, 2022

DUBAI, 7th September, 2022 (WAM) -- The Ministry of Finance (MoF) held today the Government Financial Policy Coordination Council's second meeting of 2022.

Younis Haji Al Khoori, Under-Secretary of MoF and Chairman of the Council, chaired the meeting, which took place virtually, alongside Saeed Rashid Al Yateem, the Assistant Under-Secretary of Resources and Budget Sector and the Vice-President of the Council.

Council members from several UAE government entities attended the meeting. In attendance were Ibrahim Obaid Al Zaabi, Assistant Governor of the Monetary Policy and Stability Department at the Central Bank of the UAE; Buthaina Al Mazrui, Deputy Director-General of Executive and Financial Affairs at the Department of Finance – Abu Dhabi; Arif Abdulrahman Ahli, Executive Director, Planning and General Budget Sector at DoF – Dubai; Waleed Ibrahim Al Sayegh, Director-General of the Sharjah Finance Department; Yousef Muhammad Al Balushi, Deputy Director-General of Ras Al Khaimah Finance Department; Marwan Al Ali, Director-General of Ajman's Department of Finance; and Mariam Abdullah Al Matroushi, Deputy Director of DoF – Fujairah.

During the meeting, members of the Council were briefed on the implementation of the previous meeting’s recommendations. A presentation was also made on the UAE’s consolidated financial statements for 2021 and Q1 of 2022. Members also discussed the project to enhance competitiveness and transparency in data related to climate and environment spending, in addition to discussing the latest developments in establishing the early-warning financial framework 'a framework and a future project.'

The meeting also hosted Hanan Mansour Ahli, Director of the Federal Competitiveness and Statistics Centre, to give a presentation on the UAE’s intention to join the Special Standard for Data Dissemination (SDDS) and to confirm the reception of the International Monetary Fund mission regarding Article IV consultations, who will visit the country during the current month.

The Government Financial Policy Coordination Council was formed by the UAE Cabinet's decision No. (39) of 2008, and its members consist of the Under-Secretary of the Ministry of Finance, representatives from the UAE government entities, and a representative from the Central Bank of the UAE.