Abu Dhabi: The World Bank Group (WBG) and the International Monetary Fund (IMF) will have their 2024 Spring Meetings in Washington, D.C. from April 15–20, 2024. The United Arab Emirates, represented by the Ministry of Finance, declared that it will be participating in the meetings.
The UAE delegation, which includes Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organizations at the Ministry of Finance, Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations, Hamad Essa Al Zaabi, Director of the Office of Minister of State for Financial Affairs, and several specialists from the Ministry of Finance and the Central Bank of the UAE, will be led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.
In addition to giving a keynote address at the plenary of the International Monetary and Financial Committee (IMFC) and chairing the joint WBG-IMF Development Committee meeting, Mohamed Al Hussaini will take part in the second G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, which will be led by Brazil during its 2024 presidency. These events will take place on the fringes of the Spring Meetings.
Along with other participating finance ministers, central bank governors, and heads of regional financial institutions in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) area, the Minister will also meet with Kristalina Georgieva, the Managing Director of the IMF.
Regarding the UAE’s attendance in the forthcoming Spring Meetings, Mohamed bin Hadi Al Hussaini emphasized the significance of additional international cooperation to create practical and long-lasting answers to all developmental requirements. Additionally, he emphasized the vital role that the IMF and WBG Spring Meetings play in providing a forum for in-depth discussion among a wide variety of important players.
Al Hussaini added that, “The UAE Ministry of Finance will aim to advance discussions on macroeconomic stability and debt sustainability, as well as address the ripple effects of geopolitical challenges on global trade and medium-term growth prospects. In the context of the current landscape, it will be vital to strengthen multilateral efforts to accelerate sustainable development and push the world towards an inclusive and resilient path.”