(MENAFN- Kuwait News Agency (KUNA)) RABAT, April 29 (KUNA) -- The annual meetings of the Arab financial institutions kicked off Saturday, with the participation of Arab delegations, including Kuwait, representing the ministries of finance and economy, and governors of central banks as well as some senior officials.
Addressing the participating delegations in a message, Morocco's King Mohammad VI said these gatherings are held at foggy and uncertain atmospheres regarding the global economy amid ongoing repercussions of Ukraine's crisis and geopolitical tensions.
"The annual meetings of our Arab financial institutions constitute an important opportunity for evaluating achievements and taking stock of the commendable development efforts exerted by these institutions," according to the King's message delivered by Moroccan Prime Minister Aziz Akhannouch.
The gatherings also give the participants a chance to share views on ways to support Arab countries' efforts to address related issues, he noted in the message.
The King called for unifying Arab common efforts, and upgrading strategies and development programs to meet aspirations of Moroccan citizens, mainly youth.
He stressed the need of boosting Arab development institutions' capabilities towards international and regional changes, continuing working to support Arab development efforts by adopting modern development models based on fortifying and rehabilitating Arab economies and enabling them to effectively integrate into regional and international value chains.
The King underlined the importance of close connection between climate security and food security, mainly when it comes to supporting Arab countries' water security efforts and the adoption of a roadmap for Arab agricultural integration, in ways that reconcile current constraints with food self-sufficiency aspirations in the Arab world.
He called for taking measures to avoid possible obstacles in front of the desired development path, stressing the need of providing funds for the projects aimed at promoting the transition to a green and sustainable economy, as well as supporting research, sharing experiences and mobilizing capabilities in this field.
Kuwait's delegation to the meetings is headed by Undersecretary of Finance Ministry Aseel Al-Munaifi and includes several senior officials.
The Arab financial institutions play an important role in financing development projects in the Arab region, sharing expertise in public financial policies, as well as coordinating positions in the financial and economic fields in regional and international forums to support the Arab presence in international financial institutions. (end) mry.hm
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