Business
Minister of Finance participates in high-level session at AlUla conference; emerging economies calls for global safety net
Emerging market economies have called for an effective global safety net that encourages adoption of sound economic policies and enables countries to prevent crises.
This was among the key points discussed at a high-level roundtable session titled "Strengthening the Global Financial Safety net - Rapid, Reliable Liquidity for Resilience' at the AlUla Conference for Emerging Market Economies, in Saudi Arabia on Monday, where His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari took part.
The session discussed the importance of building a strong global financial safety net to protect vulnerable economies and mitigate the spillover of crises amidst the increasing interconnectedness of the global economy.
The session also addressed the role of enhancing reliable, predictable and rapid liquidity in supporting global macroeconomic and financial stability, an in creating an enabling environment for sustainable, growth enhancing investment and social development in a world facing increasingly frequent economic risks and shocks.