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In line with its efforts to strengthen relations with international financial institutions and to enhance communication with various local bodies, the Ministry of Finance (MoF) recently held its third coordination meeting with a number of UAE ministries and entities to discuss the different forms of technical support offered by the World Bank.
The meeting was held in MoF’s headquarters in Abu Dhabi and was attended by representatives from the Ministry of Social Affairs, Ministry of Environment and Water, Ministry of Foreign Trade, Ministry of Education, Ministry of Energy, and the Ministry of Economy. Other participants also included representatives from the Abu Dhabi, Dubai, Sharjah, Ajman, and Ras al-Khaimah Departments of Finance, from the Abu Dhabi and Dubai Departments of Economic Development, in addition to a number of MoF employees.
After welcoming all attendees, HE Saeed Rashid Al-Yateem, Assistant Undersecretary of the Budget and Revenue Department at MoF, explained that it was important to understand the different services offered by the World Bank and to benefit from them. He then went on to praise the cooperation efforts between the UAE and the World Bank, which positively affect the country’s development initiatives.
A presentation was also shown by representatives from the World Bank, which provided a detailed account of the strategic cooperation programme implemented by the bank in the Middle East North Africa (MENA) region, while also highlighting the various programmes undertaken in cooperation with the UAE’s government.
The meeting’s participants then held discussions regarding the technical support programmes offered by the World Bank and reviewed the suggestions made by the representatives of the different ministries on future cooperation initiatives.
The Ministry of Finance constantly ensures that it holds regular meetings with local entities to enhance cooperation efforts and to work towards achieving MoF’s vision and mission.
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