Abu Dhabi /Â WAM
Ministry of Finance (MoF) will highlight UAEâ€™s leading financial and economic model and the importance of strengthening financial ties with the Arab nations and others during the World Government Summit 2017.
The ministry will cover the prominent topics included in the agenda of the Fifth World Government Summit, such as the economy and the finance to develop a future strategy and support areas for development at the local, regional and international levels.
Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, stressed the Ministryâ€™s commitment to its role as a strategic partner in the preparations for the World Government Summit and its support to ensure the success of the summit both regionally and globally.
Among the most important sessions organised by the Ministry is a high-level closed session on ‘Economic Diversification’ with the Prime Ministerâ€™s Office and IMF, to be held on the first day of the World Government Summit.
The session will support decision makers in developing and implementing policies for economic diversification, considering the decline in oil prices and the need for oil exporting countries to change their economic models and build a knowledge-based economy through innovation.
The Ministry of Finance, in collaboration with IMF, will hold a session on FinTech, or financial technology, on the second day of the World Government Summit.