MoF holds meeting with IMF mission

Abu Dhabi / Emirates Business

The Ministry of Finance (MoF) recently held a meeting with the International Monetary Fund (IMF) mission on the Ministry’s premises in Abu Dhabi. The meeting aimed to review the financial and economic performance indicators, as well as the Ministry’s achievements and financial policies that support the
national economy.
HE Younis Haji Al Khoori, Undersecretary of MoF, met with Dr Natalia Tamirisa, Head of the IMF mission for Article IV, in the presence of HE Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations Sector at MoF, and a number of heads of departments from Ministry.
Commenting on the meeting, HE Younis Haji Al Khoori said: “The Ministry of Finance continuously seeks to open channels of communications with IMF experts, to implement the best international practices in developing government financial work mechanisms, which in turn enhances the federal government’s financial policy and support the UAE’s overall economy. We look forward to holding more similar meetings in the future as they offer the opportunity to highlight the country’s achievements.”
During the meeting, MoF reviewed its latest achievements and projects as well as them the financial performance indicators, monetary and financial policies, and the bankruptcy law. The Ministry also discussed the cooperation among GCC countries on VAT, the country’s efforts for economic diversification and innovation and the
dependence on oil revenues.
IMF’s Mission concluded the meeting by praising the UAE’s efforts in developing its financial performance indicators and the country’s ability to overcome international economic conditions.
MoF had previously held a number of meetings with the IMF’s Article IV Mission to review the Ministry’s achievements and financial policies that support the national economy, and the strong growth due to prudent financial policies and sound economic methodology.