Dubai, Feb. 13 (BNA): Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa affirmed the commitment of the government headed by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to enhance its performance in line with international best practices.
He stressed the importance of summits and forums that bring together elites, government leaders, officials and decision-makers from different countries of the world to exchange practices and models of effective government practices, which in turn will contribute to achieving the set goals.
This came at the head of the Kingdom of Bahrain’s delegation to the World Government Summit 2023, which was held in Dubai under the slogan “Forming Future Governments”.
His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, Vice President and Prime Minister, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, were present.
The Minister of Finance and National Economy participated in the high-level meeting on the sidelines of the summit, entitled “Climate Financing”.
The meeting was attended by the UAE Minister of State for Financial Affairs, Mohammed bin Hadi Al-Husseini, the Director-General of the International Monetary Fund, Kristalina Georgieva, and a number of ministers and officials.
He stressed the importance of developing innovative solutions and providing adequate funding to build and invest national capacities, adopt green technologies, and increase energy efficiency to meet climate challenges.
He referred to the pivotal role played by the International Monetary Fund, along with financial institutions, in supporting efforts to confront climate change and achieve the desired economic growth, by adopting best practices and aligning them with sustainable financing goals that fall within the framework of policies pursued by countries.
He stressed the importance of partnership between the public and private sectors in achieving sustainable green growth and activating the role of the private sector as an active partner and an essential element in the development process.
He praised the efforts made by the Bahraini Sovereign Wealth Fund (Mumtalakat) to develop a sustainable investment strategy in line with the objectives of the comprehensive development process in the Kingdom.
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