Abu Dhabi: The UAE has concluded its participation in the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), held in Washington, D.C., from April 21 to 26. The Ministry of Finance and the Central Bank of the UAE (CBUAE) represented the nation, engaging in discussions on global challenges such as growth, inflation, financial sustainability, digital transformation, and climate action.
According to Emirates News Agency, the meetings gathered international economic leaders, including finance and development ministers, central bank governors, private sector executives, and representatives from civil society organizations. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, stressed the UAE’s dedication to contributing to global economic and financial policies and fostering an inclusive, sustainable global financial system.
Al Hussaini emphasized the UAE’s commitment to building economic resilience through broader partnerships and multilateral cooperation. He highlighted the importance of dialogue with international financial institutions to develop practical solutions for sustainable economic transformation, financial governance, and investment in digital infrastructure. The minister also recognized the critical roles of the IMF and the World Bank Group in supporting developing nations.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, reiterated the significance of international cooperation in addressing global economic challenges. He highlighted the UAE’s balanced policies for monetary stability and national economic resilience, aligning with the country’s economic visions.
The UAE delegation participated in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) Ministerial Meeting for finance ministers and central bank governors. Discussions focused on regional economic challenges, inclusive growth, and the IMF’s support for economic stability and sustainable development. Al Hussaini underscored the need for expanded IMF resources to address employment, youth empowerment, and digital transformation.
The UAE also engaged in the second G20 Finance Ministers and Central Bank Governors Meeting (FMCBG), where Al Hussaini proposed steps to enhance global macroeconomic stability. These included addressing uncertainty, promoting a fair global trade system, supporting emerging markets, and considering social dimensions of economic policies.
Al Hussaini participated in the International Monetary and Financial Committee (IMFC) meetings, addressing global economic outlook and financial stability. He noted the impact of economic shocks on growth and market volatility, as well as the risks posed by rising debt levels in emerging markets. The UAE supports the IMF’s tailored assistance and guidance for developing countries.
Additionally, the UAE held bilateral meetings to discuss economic and financial relations with Pakistan, Zimbabwe, and the International Fund for Agricultural Development (IFAD).