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Kuwait's deputy prime minister and minister of finance Mustafa al-Shemali chairing the Kuwait delegation to the annual meetings of the Arab financial institutions and the fourth meeting of the Council of Arab Ministers of Finance and with the govern
DUBAI, April 2 (KUNA) -- Kuwait condones a thriving financial environment
in the Arab World and mechanisms of pushing the development wheel forward for
rebuilding a sound Arab economy based on a common strategy that serves
interests of the Arab people, said a Kuwaiti official here on Tuesday.
Kuwait's deputy prime minister and minister of finance Mustafa al-Shemali
made that statement following his attendance of the annual meeting here of
Arab finance ministers, central bank governors and directors of Arab financial
agencies, who are participating in the annual meeting of the Arab Financial
Institutions and Fourth Meeting for the Council of Arab Finance Ministers,
being hosted by the UAE.
In remarks to reporters, he stressed the vital importance of joint Arab
investment in various sectors to implement Arab League resolutions for
launching the Arab common market and clearing obstacles facing Arab economies.
He said that the meetings here serve as an ideal platform to address the
latest economic and financial conditions in the Arab region and to promote
economic and financial policies of the Arab countries to enhnace economic
integration, activate the movement of intra-regional trade and to guarantee
prosperity and food security.
The two-day meetings, held in the Grand Hyatt -Dubai, will witness the
participation of the Arab Ministers of Finance and Central Bank Governors as
well as general directors of Arab finance institutions and a number of
regional and international observers and delegates.
The Annual Meeting of Arab Financial Institutions will include a series of
events: shareholders meeting of the Arab Authority for Agricultural Investment
and Development (AAAID), the annual meeting of the Board of Governors of the
Arab Bank for Economic Development in Africa (BADEA), the shareholders meeting
of the Arab Investment and Export Credit Guarantee Corporation (DHAMAN), the
annual meeting of the Board of Governors of Arab Fund for Economic and Social
Development (AFESD), the annual meeting of the Board of Governors of the Arab
Monetary Fund (AMF) in addition to the Fourth Extraordinarily Meeting of the
Council of Arab Finance Ministers.
After today's initial meeting, it was decided to hold the rest of the
meeting behind closed doors. The Kuwaiti finance minister along with the
governor of the central bank of Kuwait Muhammad al-Hashel and the top brass in
the ministry of finance and the Kuwait fund for Arab economic development and
the public authority for investment chaired the meeting. (end)
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