The Ministry of Finance discusses with the IMF mission the latest financial and economic developments in the country

Abu Dhabi, September 17 / WAM / The Ministry of Finance held today in its office in Abu Dhabi, a meeting with the Mission of Consultations Article 4 in the International Monetary Fund, during which the latest developments and developments related to the financial and economic conditions in the UAE, including the total economic performance, financial and banking sectors, and the economic policies followed.

The meeting dealt with the most prominent challenges and opportunities that would support the process of sustainable economic growth in the UAE.
The meeting was attended by the state, His Excellency Younis Haji Al -Khoury, Undersecretary of the Ministry of Finance, Ali Abdullah Sharafi, Acting Undersecretary for International Financial Relations Affairs, and a number of directors of the competent departments in the ministry and by the International Monetary Fund, Saeed Baqash, head of the Fund’s Mission for the United Arab Emirates and a consultant in the Middle East and Central Asia administration, Coraly Kerabaya, the chief economic expert in the fund, and a number of experts of the fund.
His Excellency Younis Haji Al -Khoury said that the meeting with the Article Four Mission of Consultations in the International Monetary Fund embodies the depth of the strategic partnership between the UAE and the Fund, stressing that the Ministry of Finance attaches great importance to enhancing cooperation with the fund as a major partner in supporting the state’s efforts towards developing financial and economic policies, and adopting global best practices that enhance the flexibility and sustainability of the national economy.

She added: “We are also keen, through these periodic meetings, to build solid bridges of dialogue and exchange experiences in a way that supports our ability to formulate financial policies capable of keeping pace with regional and international changes.”
He explained that the consultations of Article IV is an important opportunity to highlight the UAE’s experience in promoting balanced and comprehensive growth, and consolidating its position as a global economic and financial center capable of attracting quality investments and opening broader horizons for international partnerships.
He affirmed the commitment to continue to develop the financial system in a manner that ensures the achievement of sustainable development, protecting the stability of the macroeconomic, and enhancing the state’s readiness to face future challenges, up to a flexible competitive economy led by innovation and enhances the well -being of society.
The meeting came within the official visit of the International Monetary Fund mission to the UAE, which started today and will continue until the first of next October in the framework of the periods of the fourth article.

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