Minister of Finance participates at the Governor Talks at IMF, Affirms Commitment to Supporting Development

 

 

Marrakech, October 12 (QNA) - HE Minister of Finance Ali bin Ahmed Al Kuwari affirmed the State of Qatar’s commitment to supporting development at the bilateral and multilateral levels, as part of its National Vision 2030 goals, which aims to develop a society capable of playing an important role in global partnership for development. 

HE the Minister of Finance Ali bin Ahmed Al Kuwari participated at the Governor Talks - Qatar: Beyond "Now Is all"– Seizing Opportunities for Prosperity, organized on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund, held between Oct. 9-15, 2023 in Marrakesh, Kingdom of Morocco.

HE the Minister of Finance indicated that expenditure on major projects became a large component of Qatar’s budgetary expenditure in the run up to the World Cup. With the completion of various projects, the country is now in a position that enables it to gradually reduce budget allocations on major projects, while it continues to invest in critical sectors, such as education and healthcare, as well as infrastructure for urban developments.

HE the Minister of Finance also talked about the State of Qatar's continued endeavors to achieve the National Vision 2030 through the implementation of medium-term strategies for the remaining years until 2030. He said: "The next phase of the third national development strategy will focus on economic diversification and include improving the business regulatory environments, supporting the private sector, and attracting foreign investment, in addition to focusing on tourism and logistics services and enhancing competition."

The discussion centered on three issues: managing the post-World Cup fiscal cycle, Qatar’s medium-term strategy to achieve National Vision 2030 and Qatar’s more active global role in international development financing. (QNA)