MoF holds 3rd meeting

The Ministry of Finance, MoF, has organised the third and final meeting of the Government Financial Policy Coordination Council for 2016 at its premises in Dubai.

The meeting was headed by Younis Haji Al Khoori, Under-Secretary of the MoF and Chairman of the Government Financial Policy Coordination Council, in the presence of Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector at MoF and Vice Chairman of the Council.

Speaking on the occasion, Mr. Al Khoori said, "Since its establishment in 2008, the council achieved important accomplishments in the coordination of financial policy, identifying projects funding mechanisms and discussing sovereign credit ratings for the federal and local governments. The council also met the requirements of the global competitiveness index and held discussions on financial updates to support economic development in the country."

Council members discussed a number of important topics, particularly reviewing the consolidated financial statements for the third quarter of 2016 in comparison to previous statements, strengthening financial cooperation in the health and education sector, reviewing the meeting results of the technical team with regards to the balance sheet, and discussing the summary of the Article IV mission of the International Monetary Fund report and the latest monetary and banking updates in the country.

The meeting was attended by Mohammed Ali bin Zayed Al Falasi, Deputy Governor of the UAE Central Bank, and members of the Government Financial Policy Coordination Council from emirate governments.