"Finance" Meets with the International Monetary Fund’s Article IV Consultations Mission

ABU DHABI, 16 JANUARY / WAM / His Excellency Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, met with the Article IV Consultations Mission at the International Monetary Fund, at the Ministry’s office in Abu Dhabi.

The meeting, which comes within the framework of the consultations conducted annually by the Fund on economic and financial performance, aimed to inform the Fund’s mission team of the most important developments in the financial and economic situation, and the policies developed in the UAE to serve its financial and economic situation.

The meeting was attended by Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations, Thuraya Hamid Al Hashimi, Director of the Department of International Financial Relations and Organizations in the Ministry, and a number of specialists in the Ministry of Finance and the Central Bank of the United Arab Emirates, along with a number of officials and specialists from the Fund. International Monetary.
During the meeting, His Excellency Younis Haji Al-Khouri welcomed the guest delegation, praising the efforts of the International Monetary Fund in evaluating the financial and economic performance of member states.
His Excellency said that the Ministry of Finance is keen to cooperate with the International Monetary Fund and the consultations it conducts with its experts, which represent an important platform for exchanging visions on fiscal and monetary policy priorities, which contributes to supporting our development goals and achieving economic stability in the long term in accordance with the best practices of internationally approved standards.
The meeting discussed economic prospects and risks, and the main policy priorities to protect economic growth and financial stability, ensure financial sustainability, and continue to promote economic diversification.

The meeting also touched on policy issues related to liquidity management, the real estate market, transfer of monetary policy to the local economy, and structural reforms.
It is noteworthy that the Article IV Consultations Mission at the International Monetary Fund will hold a series of meetings with a number of relevant authorities in the country, as part of the visit that will continue until January 22.

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