Abu Dhabi: The Sultanate of Oman, represented by the Ministry of Finance, participated in the ninth annual meeting of the Undersecretaries of the Ministries of Finance in the Arab countries, which was held in the city of Abu Dhabi in the United Arab Emirates, organized by the Arab Monetary Fund.
The meeting dealt with a number of topics related to financial policy risks in light of the decline in growth rates and the high cost of financing, the green economy and the transition to clean and renewable energies, and the government measures taken related to sustainability. It discussed the interaction between fiscal and monetary policies and its impact on economic performance, and the role of fiscal policy in integrating the informal economy, in addition to discussing the tax challenges arising from digitalization.
The meeting included a review of countries’ experiences in strengthening social security networks, expanding fiscal space in light of current international developments, and enhancing the efficiency of government spending. The delegation of the Sultanate of Oman participating in the meeting was headed by His Excellency Abdullah bin Salem Al Harithi, Undersecretary of the Ministry of Finance. This meeting comes within the framework of preparation for the meeting of the fifteenth regular session of the Council of Arab Finance Ministers, scheduled to be held next May.
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