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Our Participation in G20

The UAE Ministry of Finance (MoF) plays a pivotal role in advancing the nation’s strategic economic interests on the global stage through its active engagement in the G20 Finance Track. As a committed participant, the Ministry contributes to shaping international economic policy by offering informed perspectives and policy recommendations on key global issues. This involvement spans across various technical working groups, task forces, and high-level platforms, including deputy-level and ministerial meetings, as well as global policy dialogues. Through this multilateral engagement, the MoF reinforces the UAE’s commitment to fostering sustainable economic growth, financial stability, and international cooperation.

Areas of Engagement

Demonstrating its commitment to fostering global economic stability and inclusive growth, the UAE Ministry of Finance plays a proactive and responsible role in international economic cooperation. Through its participation in the G20 Finance Track, the Ministry contributes to shaping multilateral dialogue and advancing collective policy responses to global challenges.

As part of this engagement, the Ministry regularly participates in key G20 forums, including the Finance Ministers and Central Bank Governors (FMCBG) Meetings, the Finance and Central Bank Deputies (FCBD) Meetings, and a range of technical Working Groups that address core aspects of the global economic agenda. Through these avenues, the Ministry reinforces the UAE’s role as a constructive global partner in addressing complex economic and developmental priorities. including:

Infrastructure Working Group (IWG): Focuses on catalyzing private sector investment to support sustainable infrastructure development.
Global Partnership for Financial Inclusion (GPFI): Aims to expand access to financial services, particularly for underserved communities and small businesses.
International Financial Architecture (IFA): Works to strengthen the resilience, transparency, and coherence of the global financial system.
Framework Working Group (FWG): Supports macroeconomic policy coordination among G20 members to foster balanced and sustainable growth.
Sustainable Finance Working Group (SFWG): Develops frameworks and tools to advance climate-aligned and sustainability-focused financial policies.
Joint Finance–Health Task Force (JFHTF): Promotes coordinated action between finance and health sectors to enhance pandemic preparedness and ensure sustainable health financing.

Core Objectives of MoF Participation

Promoting sustainable economic growth by sharing the UAE’s experiences in economic diversification and strengthening fiscal resilience.

Enhancing global financial stability through active support for coordinated efforts in financial regulation, international taxation, and macroeconomic policy alignment.

Showcasing the UAE’s leadership in financial technology, digital payment systems, and progressive regulatory frameworks.

Contributing to global dialogue on cross-cutting priorities such as climate finance, sustainability, and inclusive development.

MoF’s Journey in the G20 Finance Track

Key Milestones and Annual Contributions

2025

The Ministry of Finance has deepened its engagement in the G20 Finance Track, actively supporting the South African Presidency’s priorities, including reducing the cost of capital, advancing reforms of Multilateral Development Banks (MDBs), and contributing to critical deliverables on financial inclusion and sustainable finance. The UAE continues to advocate strongly for Emerging Markets and Developing Economies (EMDEs), promoting inclusive and sustainable growth across working groups.

2024

The UAE Ministry of Finance made significant contributions to the G20 Finance Track, advancing priorities aligned with both national objectives and global imperatives. It championed reforms to enhance the capacity of MDBs to address emerging challenges and advocated for greater inclusion of EMDEs in G20 deliberations. The Ministry played a key role in shaping the G20 Communiqué, emphasizing financial inclusion, international tax cooperation, and sustainable finance. Additionally, the UAE actively participated in the Task Force for the Establishment of a Global Alliance against Hunger and Poverty and the Task Force on Global Mobilization against Climate Change.

2023

During India’s G20 Presidency, the Ministry of Finance maintained proactive engagement in the Finance Track, focusing on climate finance, sustainability, digital transformation, and financial inclusion. It collaborated closely with COP28 organizers and G20 working groups to promote sustainable finance and macroeconomic transformation. The Ministry played a central role in shaping the Capital Adequacy Framework (CAF) for MDBs and highlighted the UAE’s advancements in climate finance within its broader sustainable development strategy.

2022

The Ministry significantly influenced global discussions on financial stability, sustainable finance, digital transformation, and pandemic preparedness. It articulated the UAE’s stance on sustainable finance, contributing to the development of national frameworks and aligning COP28 priorities with the G20 agenda. Through robust collaboration with national and international partners, the Ministry demonstrated leadership in addressing pressing global challenges and fostering inclusive, resilient economic development.

2021

As a member of the Global Partnership for Financial Inclusion (GPFI) from 2021 to 2023, the UAE actively promoted financial inclusion for women, youth, and SMEs. The Ministry submitted 16 case studies showcasing national financial inclusion policies and innovative digital solutions for cross-border remittances developed in partnership with the UAE Central Bank and Swiss counterparts. During this period, the Ministry conducted 14 bilateral meetings and contributed to over 17 G20 policy documents, reflecting its expanding influence in global economic policy dialogue.

2020

As Chair of the Gulf Cooperation Council, the Ministry of Finance led key initiatives in the G20 Finance Track under Saudi Arabia’s Presidency. Notable contributions included advocating for enhanced regulatory oversight of stablecoins, providing substantive input on infrastructure policies, and launching a debt suspension initiative to support the private sector. The Ministry also held 11 bilateral meetings to strengthen strategic partnerships and contributed to the development of over 600 Finance Track documents.

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Our Participation in G20