By : JD
Jordan Daily – The Union for the Mediterranean (UfM) and the Union of Arab Banks (UAB) signed a Memorandum of Understanding (MoU) on Tuesday to cooperate on climate change, women’s empowerment and financial literacy in the region.
The signing ceremony, which took place at the UfM’s Palau de Pedralbes headquarters in Barcelona, saw representatives of both institutions agree to promote the visits of officials or experts, cooperative projects, consultations, seminars and workshops as well as the exchange of best practices. The MoU will be in force until at least 2027, with parties meeting annually to oversee their collaborative work plan.
“This collaboration is a testament to our shared commitment to addressing gender disparities in the financial sector, providing women-led businesses with opportunities, and promoting inclusive economic development in the Mediterranean region,” said UfM Secretary General Nasser Kamel in a statement. “It will strengthen our collective efforts towards creating a conducive environment for women-led businesses to thrive and contribute to more equitable economic growth.”
Wissam Fattouh, the Secretary General of the UAB, stated: “the Union of Arab Banks is honoured to join hands with the Union for the Mediterranean in pursuit of shared goals. This collaboration marks a significant step towards addressing the pressing challenges of our time. By combining our strengths and resources, we are confident that we can make a lasting impact and contribute to positive change in our communities.”
