Arab finance ministers meet in Jeddah to expand cooperation

Jordanian Finance Minister Mohammad Al-Ississ discussed ways to enhance bilateral cooperation in the areas of finance, tax and customs with Saudi Finance Minister Mohammad Al-Jadaan. In the course of the meeting which was held at the sidelines of the Joint Annual Meeting of Arab Financial Institutions in Jeddah, both sides stressed the close ties that bind Amman and Riyadh together. The meeting was attended by the Governor of the Central Bank of Jordan, Adel Sharkas, Secretary-General of the Ministry of Finance of Jordan, Abdul-Halim Shebli, and Director-General of the Department of Income and Sales Tax of Jordan, Hussam Abu Ali.

The annual meetings of the Arab financial institutions included: the 51st annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development, the 45th annual meeting of the Arab Monetary Fund (AMF) Board of Governors and the 46th annual meeting of the Board of Governors of the Arab Bank for Economic Development in Africa, the 49th meeting of the Shareholders’ Council of the Arab Investment and Export Credit Guarantee Corporation, the 46th annual meeting of the Board of Shareholders of the Arab Authority for Agricultural Investment and Development; and the 13th regular session of the Council of Arab Finance Ministers.

Arab financial institutions play a pivotal role in laying the groundwork for economic integration and joint Arab action at these meetings. Various financial and economic issues were discussed in depth, including future plans and strategies in the field of sustainable development in regional and international arenas. During their meetings in the spring of each year, the Arab financial institutions review their performance and discuss topics on their agenda, as well as financing developments in vulnerable countries.