Minister of Finance Addresses Russia Calling Conference

HE Minister of Finance Ali Shareef Al Emadi reviewed risks in the global economy and the way in which they can be addressed.
In remarks during his participation in the 7th edition of the “Russia Calling!” conference in Moscow, which was attended by delegations from more than 60 countries, HE the Minister of Finance noted the IMF’s expectations of continued global economic recovery and growth of 3.7% in 2018. He said that there were risks to global economic growth which required cooperation and coordination between various international bodies, government and private institutions to address them.
HE the Minister of Finance pointed that among these risks were the shift in the policy of central banks around the world, indicators of halting expansionary fiscal policies and the possibility of increasing interest rates which could have negative impacts on world markets.
HE Ali Shareef Al Emadi held meetings with senior officials of Russian companies to discuss a range of opportunities for joint economic and financial cooperation.
The meetings also highlighted Qatar’s efforts to increase the role of the private sector in economic development, in particular to facilitate investments in the industrial sector to boost local production and develop business environment in the State of Qatar by putting in place legislative framework, laws and procedures to facilitate domestic and foreign investments.
The annual “Russia Calling!” conference is organized by VTB Bank, one of Russia’s largest financial institutions.
The conference aims to discuss the latest developments in the global economy, the prospects for economic growth and risks facing the global economy, as well as ways to develop cooperation between government institutions and the private sector.
It also offers broad opportunities for investment in various economic sectors in Russia.
The conference’s meetings discussed a wide range of topics, including the impact of modern technology on the global financial system and the global trade movement and the new Silk Road. More than 2000 economists from major international economic organizations and major financial institutions attended the conference

Source: Fana News