(MENAFN- Gulf Times) Qatar is stepping up the private sector's role in the economic development, in particular to facilitate domestic and foreign investments in the industrial sector to boost local production and develop business environment in the country by putting in place legislative framework, laws and procedures.
This was highlighted by HE the Finance Minister Ali Sherif al-Emadi during meetings he held in Moscow with senior officials of Russian companies to discuss a range of opportunities for joint economic and financial co-operation.
During his participation in the 7th edition of the 'Russia Calling! conference in Moscow, al-Emadi reviewed risks in the global economy and the way in which they can be addressed.
Noting the IMF's expectations of continued global economic recovery and growth of 3.7% in 2018, the finance minister said that there were risks to global economic growth which required co-operation and co-ordination between various international bodies, government and private institutions to address them.
He 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.
The annual 'Russia Calling! conference, attended by delegations from more than 60 countries, was organised by VTB Bank, one of Russia's largest financial institutions.
The conference discussed the latest developments in the global economy, the prospects for economic growth and risks facing the global economy, as well as ways to develop co-operation between government institutions and the private sector.
It also offered 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 2,000 economists from major international economic organisations and major financial institutions attended the conference.
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