He emphasized its importance in providing financing alternatives for government development projects

Hamdan bin Rashid: The adoption of the "public debt strategy" supports the transition to a competitive economy

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, stressed the importance of the Cabinet's adoption of the Federal Government's public debt strategy (2021-2023), as it will have a significant impact on improving macroeconomic management and the global competitive arrangement of the UAE, as It will stimulate the financial and banking sector in the country, provide financing alternatives for government development projects, as well as establish a bond market in local currency.

His Highness said: “The adoption of the strategy comes to support the state’s efforts to move to a competitive economy, to strengthen the financial planning of the federal government, to lay the foundations for rational management of public debt operations, and to achieve financial sustainability by enhancing investor confidence in the national economy, thus contributing to strengthening the UAE’s position on Map of global competitiveness, to be the best country in the world by the UAE Centennial 2071 ».

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