UAE Champions Global Economic Stability at G20 Summit, Focuses on Africa's Growth and Tax Reforms
July 18, 2025
Al Hussaini emphasized the strategic importance of international coordination on economic issues and the UAE's commitment to supporting emerging markets and developing economies, highlighting the meeting as a platform for enhancing global cooperation and sustainable development.
The UAE participated in the 3rd G20 Finance Ministers and Central Bank Governors meeting in Durban, South Africa, on July 17, 2025, representing the Ministry of Finance and the Central Bank.
The UAE aims to promote global financial stability by reducing investment risks, mobilizing private capital, and supporting structural reforms, with a focus on macroeconomic stability and assisting emerging markets and developing economies.
Key discussion topics included the global macroeconomic outlook, international financial architecture, international taxation, and sustainable finance.
Al Hussaini highlighted the importance of inclusive financial markets and infrastructure investment to foster growth in Africa.
This marks the UAE's sixth participation in the G20 Summit process, continuing its efforts to influence global economic policies, with the delegation led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.
The UAE supports international tax reform initiatives and aims to enhance private sector participation in infrastructure development in Africa, as well as strengthen international tax systems through involvement in the UN Framework Convention on International Tax Cooperation.
The meeting addressed G20 priorities set by South Africa, including the global macroeconomic outlook, financial architecture, and sustainable finance, culminating in an official communique reflecting UAE contributions.
Al Hussaini underscored the importance of effective fiscal policies and institutional quality in achieving macroeconomic stability.
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