Qatar plans to launch a financial fund to cope with economic volatility

Al Anbat - Deema Alkhateeb 

Qatar intends to launch a Financial Stability Fund to increase resilience to potential economic fluctuations and to enhance risk prevention levels, with the Fund serving as a protection umbrella and take advantage of it instead of heading to the debt issuance markets, or the Qatar Investment Agency, Qatar's sovereign wealth fund, whose assets amount to more than 450 billion dollars.

The Qatari Ministry of Finance website quoted Finance Minister Ali bin Ahmed Al-Kuwari today as saying that Qatar is currently preparing its third national development strategy (2023-2030), which is based mainly on previous strategies. In addition, the new strategy aims to maintain the country's economic development in tandem with Qatar's National Vision 2030.

He said that the Ministry of Finance has a long-term development vision that extends beyond 2030, stating that this vision clearly defines the expenditures and focuses on development items that ensure Qatar's well-being and prosperity.