Event highlights progress on Opec Fund's plans and projects

The United Arab Emirates, represented by the Ministry of Finance, participated in the 46th session of the Ministerial Council of the Opec Fund for International Development (OFID), held in Vienna, Austria.

- 

The UAE delegation was headed by Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, and included Thuraiya Hamid Alhashmi, Director of the International Financial Relations and Organisations Department at the Ministry of Finance and Governor to the Opec Fund for International Development, and Hamad Issa Al Zaabi, Director of the Office of the Minister of State for Financial Affairs and Alternate Governor to the Fund.

The meeting discussed the Opec Fund's Annual Report for 2024 and focused on evaluating the progress made in implementing the Fund's plans and projects.

It also addressed the challenges posed by the rapidly evolving global development landscape, particularly in areas such as energy and food security, climate change, and the need to create sustainable job opportunities. Participants also discussed ways to strengthen South-South cooperation and build sustainable partnerships between the Opec Fund and regional and international development finance institutions to enhance the efficiency of responses to beneficiary countries' needs.