The United Arab Emirates, represented by the Ministry of Finance and the Central Bank of the UAE, attended the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under Brazil’s presidency on 28-29 February in São Paulo.
The UAE delegation, led by Minister of State for Financial Affairs Mohamed Hadi Al Hussaini, included senior officials from the Central Bank and the Ministry of Finance. Al Hussaini emphasised the significance of the UAE’s role in G20 initiatives, focusing on reducing global inequality and promoting sustainable development, in line with the Brazilian Presidency’s priorities.
He also reaffirmed the UAE’s commitment to strengthening international partnerships, aligning with the “We the UAE 2031” vision and the Ministry of Finance Strategic Plan 2023-2026.
During the meeting, Al Hussaini highlighted the UAE’s efforts to address the economic impacts of climate change, enhance global supply chain resilience, and improve international financial institutions. He stressed the need for continued investment in development, the importance of addressing global economic challenges, and the UAE’s commitment to financial inclusion through initiatives like the Financial Infrastructure Transformation Programme.
The UAE’s participation in the G20, marking its fifth appearance since the group’s inception, reflects its ongoing commitment to global economic dialogue, with previous engagements as a guest nation in India, Indonesia, Saudi Arabia, and France.