Finance Minister emphasizes value of regional and global collaboration in addressing escalating economic obstacles

INA-  BAGHDAD


Finance Minister Taif Sami stressed today, Tuesday, the importance of regional and international cooperation to confront the growing economic challenges.

The Minister of Finance stated, during her participation in the activities of the Ninth Public Finance Forum in Arab Countries, organized by the UAE Ministry of Finance in cooperation with the Arab Monetary Fund and the International Monetary Fund, as part of the preliminary day for the World Government Summit 2025, with the participation of Arab finance ministers, economic experts and officials from international and regional financial institutions, according to a statement received by the Iraqi News Agency (INA), "The importance of adopting flexible financial policies to confront the growing economic challenges and achieve a balance between the requirements of development, financial sustainability and climate action has become an urgent necessity in light of the state of uncertainty witnessed by the global economy."

She touched on "the importance of structural reforms in enhancing financial stability and achieving sustainability of public spending," stressing "the need to develop financial policy tools to improve spending efficiency and enhance financial transparency."

She stressed "the importance of regional and international cooperation to support the efforts of Arab countries to confront economic challenges and achieve sustainable development."

The statement added that "the forum, held under the title (Public Finance Resilience in an Uncertain World), discussed ways to achieve this balance, through four sessions that discuss the most prominent economic challenges, including the effects of the macroeconomy on public finance, debt pressures, financial policies to adapt to climate change, and developing tax systems to keep pace with economic transformations."

Participants in the forum discussed mechanisms for financing sustainable development, the role of regional and international financial institutions in supporting Arab countries to achieve their economic goals, in addition to discussing opportunities and challenges related to adopting modern financial technologies to enhance digital transformation in the financial sector.

The forum concludes with a ministerial roundtable that brings together Arab finance ministers and officials from the International Monetary Fund and the Arab Monetary Fund to discuss mechanisms for regional financial cooperation and priorities for the next stage in economic and financial policies.