Washington, April 15 (QNA) - HE Minister of Finance Ali bin Ahmed Al Kuwari participated in a session titled "Governors Talk: Qatar - Turning Shock into Strategy: Fiscal Policy and Long-Term Growth in Qatar," as part of the Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, D.C., the United States.

During the session, HE the Minister of Finance presented Qatar's assessment of the impact of the regional conflict on its economy, affirming that Qatar is entering this phase from a position of strength, supported by robust macroeconomic management, strong sovereign reserves, and an ongoing reform program under the Third National Development Strategy. He noted that recent regional developments have affected short-term economic projections, necessitating a comprehensive government response.

In his remarks, HE Ali bin Ahmed Al Kuwari stressed that the State of Qatar calls for de-escalation, prioritizing peaceful solutions and dialogue in addressing current developments. He also emphasized the importance of maintaining the smooth flow of global trade routes and energy security. Furthermore, he reaffirmed Qatar's commitment to the stability of energy markets, fulfillment of international obligations, and its role as a reliable and stable global economic partner.

His Excellency said: "The State of Qatar is addressing current challenges through an integrated package of policies and measures, including strengthening fiscal stability, reinforcing the resilience of the financial system, ensuring continuity of production, and consolidating national capacity to withstand shocks, reflecting a proactive approach grounded in strong economic fundamentals."

His Excellency concluded by emphasizing that Qatar's fiscal policy strikes a balance between short-term stability and long-term sustainability, in accordance with the principles of good governance and transparency, and through the re-prioritization of expenditure to enhance fiscal stability and support sustainable growth. (QNA)