CBUAE Concludes Engagement at IMF and World Bank Meetings in Bangkok

Bangkok:The Central Bank of the UAE (CBUAE), led by Governor Khaled Mohamed Balama, wrapped up its participation in the 2026 Annual Meetings of the IMF and World Bank Group in Bangkok. The delegation engaged in high-level discussions to expand strategic partnerships, bolstering the UAE's influence in global financial and economic policy-making.

According to Emirates News Agency, the CBUAE showcased the UAE's commitment to financial innovation, digital transformation, and sustainable finance. The meetings allowed the UAE to strengthen its position as a global financial hub and explore innovative solutions for future economic challenges.

Throughout the week, the delegation attended key sessions, including the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) Central Bank Governors and Finance Ministers Meeting, the International Monetary and Financial Committee plenary sessions, and the G20 Finance Ministers and Central Bank Governors Meeting. They also participated in the GCC-Asia Economic Forum and met with IMF and World Bank leaders to align global perspectives.

A notable engagement was the MENAP meeting, where Governor Balama highlighted the UAE's structural resilience and proactive economic policies. He emphasized the nation's diversification efforts, sound policy frameworks, and investments in technology and human capital, which have maintained strong fiscal buffers and low public debt.

The delegation conducted bilateral meetings with the People's Bank of China, the Bank of Korea, and the Monetary Authority of Singapore, discussing digital payment infrastructure, central bank digital currencies, and financial sector resilience. A Memorandum of Understanding was signed with the National Bank of Georgia to enhance financial cooperation.

A highlight of the event was the UAE Banks Reception, attracting over 600 attendees, including global banking leaders. The reception featured bilateral meetings to explore shared economic opportunities.

A significant outcome was the agreement for Abu Dhabi to host the 2029 IMF and World Bank Annual Meetings, signed by Governor Balama and international financial leaders. This agreement underscores international confidence in the UAE's role as a strategic partner in global finance.

Recent News