Minister of Economy and Finance chairs the Meeting of the Council of Arab Finance Ministers
Kuwait
The Minister of Economy and Finance, Mr. Sid’ Ahmed Ould Bouh, chaired on Wednesday in Kuwait the 16th ordinary session of the Council of Arab Ministers of Finance. The session was held on the sidelines of the joint annual meetings of Arab financial bodies.
The Arab finance ministers discussed the most important regional and international economic developments and the challenges facing the economies of Arab countries, in addition to several other topics, including public debt management, public finance risks, the latest economic developments and energy support in the Arab region in light of the uncertainty.”
The Council also addressed the topic of the global minimum tax and taxes on the profits of multinational corporations.
The meeting culminated in a final statement in which the Council thanked the international financial institutions for their efforts and urged them to strengthen cooperation with them and develop their programs in the Arab region in light of the current international and regional conditions and developments and their economic, financial and social repercussions.
The Council also reaffirmed the importance of increasing the contribution of international financial institutions in supporting Arab countries to achieve comprehensive and sustainable economic development, stressing the importance of strengthening cooperation with Arab institutions.
