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H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has highlighted the importance of approving the Federal Government Public Debt Strategy 2021-2023, as it will have a significant impact on elevating the UAE’s global competitiveness standing and improving macroeconomic management.

The strategy, he said, will stimulate the country’s financial and banking sector; provide financing alternatives for government development projects; and establish a bond market in the local currency.

Sheikh Hamdan said, "The strategy supports the UAE’s efforts to attain a competitive economy, and enhance financial planning for the federal government.