Arab Financial Forum In Tangier Concludes With Focus On Public Finance Development And Digital Transformation

The third Arab Financial Forum for the Sharjah Award for Public Finance concluded in Tangier, Morocco. Organised by the Sharjah Central Finance Department with the Arab Administrative Development Organisation (ARADO), it focused on "Distinguished Experiences in Developing Public Finance." The event gathered financial experts from various Arab nations to discuss public finance management and digital advancements.

Over two days, participants engaged in discussions about successful Arab strategies for managing public finances. They explored ways to improve government spending efficiency and embrace digital advancements in financial systems. The forum provided a platform for sharing knowledge and reviewing modern practices related to governance, transparency, and sustainability in public finance.

The second day included a session led by the Regional Director of the Chamber of Commerce and Industry from the Tangier-Tetouan-Al Hoceima region. This session highlighted how digital transformation can enhance efficiency and transparency in financial systems. Several Arab financial experts shared their experiences during this session.

Sheikh Rashid bin Saqr Al Qasimi, Director of the Sharjah Central Finance Department, emphasised Sharjah's strong reputation in finance. He stated, "We believe that developing public finance depends on sharing knowledge, learning from successful examples in the region, and implementing innovative solutions to ensure effective and sustainable use of government resources."

The forum concluded with a statement stressing ongoing cooperation among Arab countries in developing public finance. This collaboration is vital for enhancing financial performance and achieving sustainable development goals. It also aims to build economic resilience amid global changes.

The statement also noted that the Sharjah Public Finance Award has become a significant platform for inspiring creativity and innovation in public financial policies. The forum called for continued partnerships among Arab financial institutions to strengthen joint programmes in training, digitisation, and knowledge sharing.

The event underscored the importance of these gatherings for building a brighter financial future that supports collective Arab growth. By fostering economic integration across the Arab world, these initiatives aim to achieve excellence in public finance management.

With inputs from WAM