The UAE concludes its participation in the annual meetings of the World Bank Group and the International Monetary Fund

Washington, October 18, 2025 – The UAE concluded its active participation in the annual meetings of the World Bank Group and the International Monetary Fund, which were held in Washington, DC, from October 13 to 18, 2025. The country’s participation constituted a prominent milestone in supporting the international dialogue on financing development, stabilizing the global financial system, and advancing efforts aimed at achieving sustainable development.

His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, stressed that the UAE’s participation in the annual meetings of the World Bank Group and the International Monetary Fund comes within its ongoing efforts to enhance international financial coordination, develop innovative financing tools, and support the sustainability of global economic growth.

His Excellency added that the UAE continues to play its role as an active partner in developing the global financial governance system and finding realistic solutions to the current development and economic challenges. The annual meetings this year constituted an important platform for enhancing cooperation with international financial institutions and exchanging experiences on sustainable finance, financial inclusion and green transformation.

His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, participated in the meeting of the International Monetary and Financial Affairs Committee (IMFC), which was held within the annual meetings of the World Bank Group and the International Monetary Fund, where discussions focused on the global policies of the International Monetary Fund and members discussed the global economic agenda and developments and the Fund’s role in confronting them.

During his speech during the meeting, His Excellency Al-Husseini pointed out that the recent major political transformations contributed to increasing the state of uncertainty and revealed new weaknesses in the global economy, stressing that developing and emerging economies remain the most vulnerable to a sharp slowdown compared to advanced economies.

He stated that confronting this path requires a united front based on pluralism and strengthening international cooperation to restore confidence and return the global economy to its correct path, stressing at the same time the importance of the pivotal role played by the International Monetary Fund as a trusted advisor and an effective platform for global dialogue in times of uncertainty.

His Excellency highlighted the need for the Fund to remain a quota-based institution with sufficient resources that takes into account the interests of emerging markets and developing economies, noting the importance of developing capabilities, supporting the policies of countries in transition, and promoting growth led by the private sector through structural reforms and trade integration.

As part of the annual meetings, the UAE participated in the meeting of finance ministers and central bank governors of the G20, as this is the final meeting of the G20 financial track within the South African presidency for the year 2025.

The meeting discussed issues related to reforming the structure of the international financial system, global financial and economic stability, strengthening G20 cooperation with the African continent, and the group’s role in addressing the challenges of global debt sustainability.

The meeting also included a presentation of the priorities of the G20 Presidency for 2026 by the United States, and concluded with the issuance of the “Concluding Summary of the G20 Financial Track Presidency,” which reviewed the work of this year’s various working groups in the areas of reforming the international financial architecture, sustainable finance, financial inclusion, macro stability, infrastructure development, and health financing.

The UAE participated in the BRICS meeting, which was held under the title “Enhancing multilateral cooperation to address development financing issues and global governance challenges.”

The meeting, which included deputy ministers of finance and deputy governors of central banks in the group’s countries, discussed ensuring a fairer representation of the countries of the Global South in the governance of international institutions such as the International Monetary Fund, and discussed ways to coordinate the efforts of the BRICS countries in providing financing allocated for development.

The UAE expressed its appreciation for the progress made by Brazil’s presidency of the BRICS group this year, and stressed that the results of the financial track were extremely important and carry exceptional value, through the joint financial statement of the BRICS countries, the Rio de Janeiro vision for reforming the quota system and governance in the International Monetary Fund, and the joint statement of the BRICS group in support of the United Nations Framework Convention on International Tax Cooperation, which was approved on the sidelines of The BRICS summit in Rio de Janeiro, Brazil, last July.

The UAE also participated in the meeting of finance ministers of the Conference of the Parties to the United Nations Framework Convention on Climate Change, “the thirtieth session,” which was held at the initiative of Brazil’s presidency of the conference, and includes finance ministers participating in the “Circle of Finance Ministers of the Conference of the Parties” initiative, where the meeting discussed ways to provide climate financing to achieve the “Baku to Belem road map” and reach the amount of 1.3 trillion US dollars.

The meeting reviewed the final technical report of the initiative, which included recommendations to accelerate progress in the areas of concessional financing, reform of multilateral development banks, and mobilization of domestic resources.

The UAE expressed its great appreciation for the efforts made in preparing this report, as it represents an important technical reference for the “Baku to Belem Roadmap,” amounting to about $1.3 trillion. It also thanked Brazil for the consultative approach it followed in collecting the opinions and comments of the members of the Finance Ministers Department initiative, and expressed its aspiration for the success of the COP30 Conference of the Parties in Belem.

Within the activities of the annual meetings, the UAE participated in the meeting of Arab governors with the President of the World Bank Group, Ajay Banga, where discussions focused on exploring opportunities to enhance a more coordinated, proactive and responsive approach to recovery and reconstruction efforts in the region, and reviewing ways to mobilize the private sector to support sustainable growth, create job opportunities, and enhance innovation, in addition to supporting the integration of digital transformation into labor market strategies, and achieving a balance between efforts Adaptation and mitigation of the effects of climate change.

During the meeting, the UAE stressed the importance of governance, transparency, and institutional flexibility within recovery frameworks, in addition to the necessity of bridging infrastructure gaps, investing in human capital, and expanding opportunities in the digital and green economies by enhancing private sector participation.

On the sidelines of the meetings, the Ministry of Finance, in cooperation with the Central Bank of the United Arab Emirates and the UAE Embassy in Washington, organized a reception for UAE banks, in the presence of international officials and heads of global financial institutions.

The ceremony was an important platform to highlight the pivotal role played by national banks in supporting the country’s strategic directions in the field of sustainable finance, and expanding the network of international partnerships in the fields of investment, financial technology, and development financing.

The event also provided an opportunity to strengthen the UAE’s position as an open and advanced global financial center, and confirm the readiness of the UAE banking sector to contribute to financing the global economic transformation, through innovative financial solutions and cross-border partnerships that enhance the flexibility and sustainability of the international financial system.

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