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Washington, October 15 (BNA) Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa stressed the importance of strengthening international cooperation, unifying efforts and developing innovative and supportive solutions to achieve the desired economic growth and sustainable development goals for all countries. .
He stressed the role played by the World Bank Group in facing the exceptional challenges and circumstances facing the countries of the world.
The Minister was addressing the Development Committee on behalf of the Arab Group countries and the Maldives represented by the Kingdom of Bahrain.
The Minister participated in the meeting of the Development Committee of the World Bank within the annual meetings of the Board of Governors of the World Bank and the International Monetary Fund held in Washington.
He stressed the role of the World Bank Group in finding solutions to the challenges facing the food and energy sectors, facilitating the movement of international trade, enhancing resilience, and accelerating the global economic recovery.
He urged more support to enhance the efficiency of energy infrastructure and investment in innovative technologies to reduce carbon emissions.
The minister stressed the importance of including all energy resources, including hydrocarbons, in addition to developing a clear and well-studied strategy to promote and integrate alternative energy sources, stimulate private sector investments and pump appropriate funding for them.
He welcomed Egypt’s hosting of the United Nations Climate Change Conference COP27 in Sharm El-Sheikh this year and the UAE’s hosting of the United Nations Climate Change Conference COP28 in 2023.
He also welcomed Saudi Arabia’s launch of the Green Middle East Initiative, all of which affirm the important role of Arab countries in supporting the fight against climate change.
He stressed the importance of increasing investment in human capital as a major driver to continue moving forward towards achieving the desired economic growth and increasing the production process.
He particularly emphasized the need to support youth and women, enhance women’s progress at various levels, and improve education outcomes with priority given to creating more job opportunities and achieving flexibility. and general growth.
In conclusion, the Minister welcomed the UAE’s chairmanship of the World Bank’s Development Committee at its next session, wishing the UAE all success in its chairmanship of the committee.
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