Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

AMF ORGANIZES THE FOURTH ANNUAL MEETING OF ARAB FINANCE MINISTERS ON 9-10 JANUARY 2019 SOFITEL HOTEL - ABU DHABI - UNITED ARAB EMIRATES

Post new topic   Reply to topic

Go down

AMF ORGANIZES THE FOURTH ANNUAL MEETING OF ARAB FINANCE MINISTERS ON 9-10 JANUARY 2019 SOFITEL HOTEL - ABU DHABI - UNITED ARAB EMIRATES

Post  claud39 on Tue Jan 08, 2019 6:47 am

https://www.amf.org.ae/ar/content/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%86%D8%B8%D9%85-%D8%A7%D9%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D8%B3%D9%86%D9%88%D9%8A-%D8%A7%D9%84%D8%B1%D8%A7%D8%A8%D8%B9-%D9%84%D9%88%D9%83%D9%84%D8%A7%D8%A1-%D9%88%D8%B2%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%8A%D9%88%D9%85%D9%8A-9


AMF ORGANIZES THE FOURTH ANNUAL MEETING OF ARAB FINANCE MINISTERS ON 9-10 JANUARY 2019 SOFITEL HOTEL - ABU DHABI - UNITED ARAB EMIRATES
2019-01-08
















Support for SMEs

Development of social security systems

Strengthening public debt management and strategies

Reforms to achieve financial sustainability

Enhance opportunities for using technologies to develop tax services

 

On 4 and 10 January 2019, the Arab Monetary Fund will hold its fourth annual meeting of Arab finance ministers. The ministers of finance from the Arab countries will participate in the meeting. The meeting will also be attended by a number of experts from the International Monetary Fund, the World Bank, the Organization for Economic Co-operation and Development and the Arab Monetary Fund. It should be noted that the Arab Monetary Fund assumes the functions of the secretariat of the Council of Arab Ministers of Finance and related activities and events.

The agenda of the meeting includes a number of topics and working papers dealing with the support of small and medium enterprises in Arab countries, the development of social security systems to enhance employment opportunities and growth in Arab countries, and the development of public debt management and strategies in the Arab countries. The meeting will also discuss the issues of financial sustainability in the Arab countries as part of the exchange of experiences and experiences. The experiences of the Arab countries will be reviewed in this regard. In addition, the meeting will discuss the use of modern technologies for the development of tax services, the preparation of the fourth high-level forum for public finance in the Arab countries to be held in Dubai on February 9, 2019, and preparation for the tenth session of the Council of Arab Ministers of Finance to be held in Kuwait End of April 2019. 

On this occasion, HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund, said that the meeting of undersecretaries of finance ministries of the Arab countries represents an important opportunity to exchange experiences and expertise and further coordination on developments in financial policies and economic and financial reform efforts in the Arab countries. Praising in this context the topics and issues on the agenda of the fourth meeting and its importance to the Arab countries. He also thanked the IMF, the World Bank and the Organization for Economic Cooperation and Development for their participation in the meeting and the papers prepared for this purpose.

claud39
VIP Member
VIP Member

Posts : 2539
Join date : 2018-11-04

View user profile

Back to top Go down

HE DR. ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL, CHAIRMAN OF THE ARAB MONETARY FUND, ADDRESSES THE FOURTH ANNUAL MEETING OF ARAB FINANCE MINISTERS IN ABU DHABI, UNITED ARAB EMIRATES, 9 AND 10 JANUARY 2019.

Post  claud39 on Wed Jan 09, 2019 7:36 am

https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-29



HE DR. ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL, CHAIRMAN OF THE ARAB MONETARY FUND, ADDRESSES THE FOURTH ANNUAL MEETING OF ARAB FINANCE MINISTERS IN ABU DHABI, UNITED ARAB EMIRATES, 9 AND 10 JANUARY 2019.
2019-01-09












The fourth annual meeting of Arab finance ministers, organized by the Arab Monetary Fund in cooperation with the Ministry of Finance of the United Arab Emirates, opened at the Sofitel Hotel in Abu Dhabi, United Arab Emirates, in the presence of undersecretaries of finance ministries in the Arab countries and experts from the IMF and the World Bank. The Organization for Economic Co-operation and Development (OECD), and the Arab Monetary Fund (AMF), which is the technical secretariat of the Arab Finance Ministers Council.

On the occasion, HE Dr. Abdulrahman bin Abdullah Al Humaidi, Director General of the Arab Monetary Fund, delivered a speech at the opening session, in which he pointed to the most important challenges facing the Arab countries in the current stage, namely the ability to raise the pace of economic growth to levels exceeding 5 In order to achieve a significant reduction in unemployment rates, in parallel with the achievement of financial discipline and financial sustainability, valuing in this regard the efforts of economic diversification and reforms of the support system carried out by the Arab countries, as well as the remarkable attention to strengthening public resources to meet Increased government spending and improve public finances and enhance the efficiency of public debt management.

He pointed out that the development of the SME sector requires efficiency and competitiveness, which contributes to increasing the creation of opportunities for the development of small and medium enterprises in the Arab countries. Work and production with high added value. He also stressed the importance of Arab governments continuing to adopt a comprehensive approach aimed at achieving adequate and sustainable financing, as well as helping to create a supportive and stimulating environment for business, building human capital capacity and improving infrastructure efficiency.

He also referred to the working paper prepared by the Arab Monetary Fund on the reforms of public debt management, pointing out in this regard the importance of this issue, especially in light of the continued increase in the public debt ratio of Arab countries borrowing to GDP to reach about 105% during 2017, In this regard, praised the efforts of the Arab countries to develop the public debt management system, the most important of which is the establishment of an organizational unit to manage public debt operations, as well as the development and development of local finance markets. His Excellency stressed in this context the importance of following up the efforts to deepen the domestic debt markets and expand the base of investors, thus enhancing the liquidity of these markets.

With regard to encouraging private sector participation in job creation, Dr. Al-Humaidi emphasized the pivotal role of supporting entrepreneurs, start-ups and small and medium enterprises in this regard, pointing out that emerging entrepreneurs' projects have created a series of innovation opportunities, Competitiveness, improved efficiency and productivity and generate other employment opportunities in production chains. He also stressed the importance of benefiting from modern technologies in this regard.

Regarding the development of social security systems, pensions and pensions, HE pointed out the many benefits that can be achieved through the development of these systems, the most important of which is supporting the efficiency and flexibility of the labor markets, achieving solidarity and social stability, supporting the development of the financial and banking sector and mobilizing domestic savings to provide long-term financing for development projects .

Finally, Dr. Abdul Rahman Al-Humaidi pointed to the subject of modern financial technologies, digital services, opportunities and uses in the development of tax services, noting the contribution of the Organization for Economic Cooperation and Development in this regard.

 

Text of the word

Mr president,,

Excellencies, Agents,

Ladies and gentlemen,

 

Glory be to God,

 I am pleased to welcome you to the city of Abu Dhabi on the occasion of the fourth meeting of Arab Finance Ministers, organized by the Arab Monetary Fund as the Technical Secretariat of the Council of Arab Ministers of Finance. Your meeting today highlights the keenness to activate and strengthen the role of the Council in exchanging experiences, experiences and consultations on various topics and economic and financial developments that concern the economies of our Arab countries.

 I would also like to express my sincere thanks and thanks to all the agents who were keen to attend the meeting despite their many concerns, reflecting the importance that the ministries of finance in the Arab countries attach to cooperation and coordination among themselves. As well as thanks to the experts of the IMF, the World Bank and the Organization for Economic Cooperation and Development

(OECD), who were keen to participate in the meeting and provide a number of papers that are gaining importance in the field of public finance.

 

Excellencies,

Ladies and gentlemen,

 The performance of the Arab economies improved during 2018, benefiting from the rise in external demand levels, the increase in world oil prices, and the start of the positive effects of economic reform programs being implemented in a number of Arab countries. With the Arab Monetary Fund forecasting a growth rate of around 2.3 per cent and 3 per cent for the Arab countries as a whole in 2018 and 2019, respectively. Arab economies are likely to benefit positively from the rise in global external demand, especially among the most prominent trading partners of the Arab countries, represented by the Asian Group, some of which are expected to record the highest growth rates in the world at 6.5 to 7.5 per cent 2018 and 2019.

 At present, Arab countries face a number of challenges in terms of achieving inclusive and sustainable growth. The first is the ability to raise the pace of economic growth to levels of more than 5 percent, which helps to achieve a significant reduction in unemployment rates. The rising unemployment rate of 15 percent in 2017 (double the world average of 5.7 percent) is one of the most important challenges Economic problems facing Arab countries. Youth unemployment in Arab countries is the highest in the world (29 per cent), more than double the world average.

 The second is fiscal discipline and financial sustainability. The economies of the Arab countries witnessed a significant increase in budget deficit levels and an increase in debt rates since 2014. The combined budget surplus of the Arab countries, which is one percent of GDP in 2013, In the wake of these developments, the pace of implementation of fiscal reforms in a number of Arab countries has accelerated and intensified from 2015 to contain and rationalize the increase in public expenditure levels, enhance and diversify government revenues, General Yen. These reforms have contributed to reducing the deficit levels of the Arab public budget to 6 per cent for 2017.

 One of the most important features of the reforms that our Arab countries are working on is the pursuit of economic diversification efforts and the reforms of the support system, thus enhancing the chances of financial sustainability on the one hand and encouraging the creation of an environment conducive to private sector growth and attracting investment.

Promoting growth and creating more jobs by stimulating the environment of small, medium and micro enterprises, which we will address during our meeting today, is also important.

 Apart from notable efforts to advance economic diversification efforts, with a view to creating more diversified economic structures, there is considerable attention to strengthening public resources to meet increased government spending, improve fiscal conditions and enhance the efficiency of public debt management. Indeed, the authorities in the Arab countries have taken the necessary steps to reform the public debt management system in the last few years. Many Arab countries are working to improve the efficiency of public debt management processes, with the aim of securing budget requirements at the best possible cost and at an acceptable level of risk. Through the rational management of public debt operations, the development of an appropriate institutional framework and increased market access.

 

Excellencies,

Ladies and gentlemen,

 Your meeting today discusses the policies of developing small and medium enterprises in the Arab countries and enhancing their role. The development of the SME sector requires efficiency and competitiveness that contributes to increased job creation and high value-added production. In this regard, Arab governments need to continue to adopt a comprehensive approach with a view to achieving sustainable and sustainable financing, creating a supportive and stimulating environment for business, building human capital capacity and upgrading infrastructure.

 This trend should also be strengthened by the development of the entrepreneurial mechanism, where policymakers should pursue strategic directions, but not limited to, facilitating access to finance by ensuring financing in accordance with the needs of SMEs, providing a supportive framework for enhancing credit information and developing capital markets Money to expand access to financing through new financing channels. According to the International Monetary Fund (IMF), providing opportunities for SMEs to access finance through official channels could create up to eight million jobs in the Arab world by 2025.

 In addition to the theme of SME development policies and enhancing their role in the Arab countries, your agenda includes a discussion of an important working paper in the framework of fiscal reform efforts and the exchange of experiences among Arab countries related to the reforms of public debt management, Distribution to the Ministries of Finance in the Arab States. As you know, the public debt ratio of the borrowing Arab countries to GDP has continued to grow to about 105 per cent in 2017, compared with around 100 per cent in 2016.

 The authorities in the Arab countries have made efforts to develop the public debt management system, the most important of which is the establishment of an organizational unit to manage the public debt operations, which is one of the main steps in enhancing good governance of public debt instruments. As you know, it is important to complete these steps by placing the main functions in terms of front and middle office and back office.

 It is also important to complement Arab countries 'efforts to develop domestic financing markets in terms of regulating government issuances, thus creating a yield curve, supporting market makers' activities and enhancing the transparency and diffusion of government financial instruments, thereby enhancing liquidity in the markets and thus reducing the cost of government securities issues . To serve the same purpose, it is important to gradually increase the investor base by encouraging the participation of non-bank financial institutions, particularly pension and pension funds, insurance companies and funds, and individuals in exchange for commercial banks.

 

 Excellencies,

Ladies and gentlemen,

 In the context of discussing the promotion of private sector participation in job creation, it is appropriate to emphasize the central role of supporting entrepreneurs, start-ups and small and medium enterprises in this regard. Emerging entrepreneurial projects have created a series of opportunities for innovation, enhanced competition, improved efficiency, productivity and the generation of other employment opportunities in production chains.

 The support of the business sector and emerging companies needs an integrated system, from improving the working environment, developing legislation and infrastructure, to building empowerment opportunities in terms of providing business incubators and professional services, and access to financial services and finance. This system is shared by government authorities, civil society organizations, the education sector, the technology sector and financial institutions.

  

Excellencies,

Ladies and gentlemen,

 In view of the importance of job creation by promoting the SME environment, today's discussions focus on the development of social security systems, pensions and pensions. There is no doubt that there are many benefits that can be achieved through the development of these systems in supporting the efficiency and flexibility of labor markets, solidarity and social stability on the one hand, and what they can play on the other, in supporting the development of the financial and banking sector and mobilizing domestic savings to provide long-term financing For development projects. The impact of modern technologies on the labor market and pension systems will be discussed. Technical development is increasingly affecting living standards, but the business community of workers and companies in the same country does not benefit equally from the development of these technologies.

 The development of technologies contributes to supporting social protection policies, in particular to facilitate access to jobs and protect workers. The changes in the labor market caused by technological development call for a qualitative shift in social protection policies. Digital technologies and services can enhance the implementation and impact of social protection policies by improving access to supporting services and programs, identifying and profiling beneficiaries, verifying information, designing Programs, services and payments. Where a number of countries around the world are moving towards a single system of identification and one center for the delivery of social programs.

 As social protection policies are not only mechanisms to support incentives in the social protection system and labor policies as a whole, but also to enhance efficiency, they need to be consistent with the new economy (knowledge economy). Structural reforms in education, particularly early access to education, the labor market and income protection (social security and social assistance) constitute the basis for the success of social protection systems.

 

Excellencies,

Ladies and gentlemen,

 The agenda of the meeting also addresses an issue that has become increasingly important in recent years, the opportunities and uses of modern financial technologies and digital services to enhance tax services. In addition to managing tax risks, avoiding double taxation and effectively managing tax accounts, it is also important that there be consensus at the level of the international tax system, international standards, the regulation of intellectual property, cross-border transactions of modern financial techniques and related taxable business models. 

 

Excellencies,

Ladies and gentlemen,

 In the context of the importance of enhancing the exchange of experiences and experiences among the Arab countries in relation to economic and financial issues and issues, the Secretariat has endeavored to raise the issue of achieving financial sustainability and consultation among Arab countries. As you know, there is a disparity between the Arab countries at the level of public revenues and the efficiency of their collection, especially tax systems among the Arab countries according to the structure of different economies. The presentation of the experiences of Arab countries is a good opportunity to discuss them and identify the challenges faced by the Arab countries in this regard and the strategies to overcome them.

 We also look forward to hearing from all participants about the experiences of their countries in the development of tax policies to enhance the opportunities of benefiting from each other's experiences, especially with the tendency of many Arab countries to review their existing tax policies and start implementing VAT.

 

Excellencies,

Ladies and gentlemen,

 In addition to the above, your agenda includes the preparation for the next meeting of the Council of Arab Ministers of Finance, to be held on 25 April 2019 in our dear country, Kuwait.

 In this context, I would also like to refer to the Fourth Public Finance Forum entitled "Sustainability of Public Finance in the Arab States: Opportunities and Challenges" organized by the Arab Monetary Fund in cooperation with the International Monetary Fund on Saturday, 9 February 2019. The Forum discusses the frameworks and rules of public finance, And issues of public debt management and lessons learned. The forum will also address the coordination between the monetary and financial policies. The Forum brings together ministers and senior officials of financial policy from the Arab region, with the participation of a number of experts and specialists from international institutions, led by Ms. Christine Lagarde, Director General of the International Monetary Fund. In this context, the Forum aims at enhancing the exchange of experiences and discussing the challenges faced by policy makers in the Arab region in the context of regional and international economic and financial developments and their implications for Arab countries.

 In this context, I look forward to your discussions on the preparation of the Forum, which will help it succeed in achieving its objectives. I also look forward to attending your forum.

  

Excellencies,

Ladies and gentlemen,

 Finally, I would like to emphasize the consultative nature of the meeting, in the light of the keenness of His Excellency the Ministers that the meetings of their Council and related activities are of a consultative nature, providing the necessary flexibility to benefit and exchange experiences.

 Before concluding, I would like to take this opportunity to renew our sincere thanks and appreciation to the authorities in the United Arab Emirates and the Arab Monetary Fund for their continued support to the Arab Monetary Fund to contribute to the success of its activities and activities.

 In conclusion, I would like to stress the importance of all of you participating in the discussions of the topics raised in order to enhance the importance of the meeting as a forum for dialogue and exchange of experiences and experiences between the Arab Ministries of Finance. This will help prepare for the next meeting of the Arab Finance Ministers Council. I wish you a successful and pleasant meeting in the UAE. United Arab Emirates.

 

Peace, mercy and blessings of God.









claud39
VIP Member
VIP Member

Posts : 2539
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You can reply to topics in this forum