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QNA
Rabat
The Arab finance ministers have called for diversifying sources of income by controlling public finances and raising spending efficiency, during the meeting of the Council of Arab Ministers of Finance, in Rabat, Morocco.
They also called for developing capital markets and improving the business environment, a release said on Thursday.
The Qatari delegation to the meeting was led by Minister of Finance HE Ali Shareef al Emadi.
The final communique of the meeting stressed the importance of maintaining economic stability to support the efforts aimed at achieving a comprehensive economic growth in the Arab region.
It also stressed the importance of the role and contribution of international institutions including IMF and the World Bank in reconstruction efforts in Arab countries suffering from conflicts.
The meeting also called for promoting regional economic and financial integration, developing Arab investments and contributing to attract foreign investments.
The Arab finance ministers highlighted the importance of enhancing cooperation between international and Arab financial institutions, welcoming the level of cooperation between the Arab Monetary Fund and the International Monetary Fund at the level of the Public Finance Forum.
The Qatari delegation also participated in the annual meetings of the Arab Investment & Export Credit Guarantee Corporation, Board of Governors of Arab Monetary Fund, Board of Governors of the Arab Bank for Economic Development in Africa (BADEA) and Board of Governors of the Arab Authority for Agricultural Investment and Development (AAAID).
Emadi also chaired the Qatari delegation at the annual meetings of the Arab financial institutions, and discussed a number of issues.
