The discussions cover the global economic outlook, infrastructure financing, public-private partnerships, tax and customs cooperation, capital markets and reforms to global economic governance.
UAE seeks stronger voice for emerging economies
Al Hussaini called for continued work on reforms that improve productivity, attract private capital and deepen domestic capital markets.
He also stressed the need for increased development financing and changes to international economic governance that would give emerging and developing economies fairer representation in international financial institutions.
“BRICS provides an important platform for advancing multilateral action and developing shared responses to global economic and financial challenges,” Al Hussaini said.
Infrastructure and private capital in focus
The UAE is presenting national initiatives covering public-private partnerships, sustainable infrastructure financing, artificial intelligence, digital transformation, climate finance and private capital mobilisation.
Domestic financial market development is also part of the UAE’s contribution to the BRICS technical discussions.
The meeting is examining ways to strengthen cooperation among member countries in responding to global economic challenges, with particular attention to the resilience of emerging and developing economies.
New Development Bank talks
The UAE is also participating in high-level events on the sidelines of the meeting, including a seminar on the role of the New Development Bank in mobilising private capital across BRICS countries.
A separate workshop on resilient growth in emerging economies is looking at risk financing and infrastructure resilience, with the aim of improving how economies respond to rising economic and financial risks.
The BRICS finance meeting runs on August 12 and 13 under India’s presidency.
Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation, and the big shifts shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series.
Her reporting has taken her from breaking spot news to long-form features and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and a long list of CEOs, regulators, and founders who are reshaping the region’s economy.
An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which probably explains her weakness for data, context, and a good follow-up question.
When she is away from her keyboard (AFK), you are most likely to find her at the gym with an Eminem playlist, bingeing One Piece, or exploring games on her PS5.
