Kuwait participates in the 17th meeting of Arab Finance Ministers in Abu Dhabi

Abu Dhabi, September 28 (KUNA) – Kuwait participated today, Monday, in the 17th meeting of the Arab Ministers of Finance Council, held in the UAE capital Abu Dhabi, with a delegation led by Undersecretary of the Ministry of Finance Asil Al-Munaifi, on behalf of Finance Minister Dr. Yaqoub Al-Rafai. The Kuwaiti Ministry of Finance stated in a press release that the delegation included several ministry officials. The meeting discussed a range of economic and financial issues of common interest, foremost among them the state of public finances in Arab countries and fiscal policies. It also explored opportunities to harness artificial intelligence in tax administration and sustainable financing to achieve sustainable infrastructure, alongside reviewing the latest developments in implementing tax decisions on base erosion and profit shifting (BEPS). The meeting also addressed Arab countries’ positions vis-à-vis the International Monetary Fund and the World Bank Group. The statement emphasized that Kuwait’s participation reflects its commitment to strengthening Arab financial and economic cooperation, exchanging expertise and experiences in confronting economic and financial challenges, and supporting joint efforts aimed at achieving economic stability and sustainable growth in the Arab region. (End) S.K.M./N.S.A.