Abu Dhabi: The UAE is taking part in the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, DC, from 21st to 26th October.
The UAE delegation, led by Mohamed bin Hadi Al Hussaini, Minister of State for Finance, represents the nation’s commitment to contributing to global economic development and fostering international financial cooperation.
Key officials in the UAE delegation include:
- Ibrahim Obaid Al Zaabi, Assistant Governor, Monetary Policy and Stability Department, CBUAE
- Ahmed Saeed Al Qamzi, Assistant Governor for Banking and Insurance Supervision, CBUAE
- Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations
- Hamad Essa Al Zaabi, Director, Office of the Minister of State for Financial Affairs
- Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organizations, Ministry of Finance
The team comprises experts from the Ministry of Finance and the Central Bank of the UAE, reflecting the UAE’s active engagement with international financial institutions.
Speaking about the UAE’s participation, Al Hussaini emphasized that, “Our participation provides an excellent opportunity to deepen relations with the IMF and World Bank and contribute to shaping global economic policies that directly impact the Arab region. As members of the International Monetary and Financial Committee, we are committed to advancing joint efforts that promote economic cooperation and stability on both regional and global levels.”
Al Hussaini further highlighted the UAE’s dedication to sustainable economic development, “Through the Joint Ministerial Development Committee, we aim to support pathways for economic growth in low-income countries, aligning with the Sustainable Development Goals (SDGs). The UAE remains steadfast in supporting international initiatives that address poverty, enhance financial resilience, and drive economic prosperity.”
The meetings will bring together central bank governors, finance ministers, development leaders, and representatives from the private sector and civil society to address critical global issues.
Among the topics to be discussed are:
- Global economic outlook and financial system challenges
- Poverty eradication and international aid
- Sustainable economic development for emerging markets
Sessions of the International Monetary and Financial Committee (IMFC) and the World Bank’s Development Committee will play a key role in shaping international financial policies amid evolving global dynamics.
On the sidelines of the meetings, the Ministry of Finance, in collaboration with the Central Bank of the UAE and the UAE Embassy in Washington, will host the UAE Banks Reception.