UAE, Chad explore enhanced financial sector cooperation

UAE, Chad explore enhanced financial sector cooperation
Image Credits: WAM| Cropped by GBN
By Desk Reporter, GCC Business News

The UAE and Chad have discussed on bolstering cooperation in the financial sector during a high-level meeting held at the Ministry of Finance offices in Dubai.

The meeting was held between His Excellency Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and HE Tahir Hamid Nguilin, Chad’s Minister of Finance, Budget, Economy, Planning and International Cooperation. It focused on strengthening institutional partnerships and activating mechanisms to deepen financial collaboration between the two countries.

The delegation from Chad consisted of several senior officials, including HE Guibolo Fanga Mathieu, Minister of Trade and Industry; HE Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; HE Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Chad’s Ambassador to the UAE.

HE Al Hussaini reaffirmed during the meeting that the UAE is committed to strengthening financial sector collaboration with friendly nations, and said that, “Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability.”

Both delegations emphasized the importance of continued communication and coordination in financial sector. The meeting concluded with a shared commitment from both the UAE and Chad to deepen bilateral cooperation across various financial and economic domains.

Both sides agreed to promote the continuous exchange of expertise, technical knowledge, and best practices to support their respective national development goals and enhance the efficiency of financial systems. This collaboration aims to facilitate institutional development, build human capital, and create sustainable frameworks for economic planning and fiscal policy.

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