The UAE calls for a “united front” to put the global economy back on track

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, during the period from October 13 to 18, 2025, where 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.

Minister of State for Financial Affairs, Mohammed bin Hadi Al Husseini, 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.”

He added, “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 formed an important platform for enhancing cooperation with international financial institutions and exchanging experiences on sustainable financing, financial inclusion and green transformation.”

Al-Husseini 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.

In his speech during the meeting, 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.

Al-Husseini 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, enhancing G20 cooperation with the African continent, and the group’s role in addressing the challenges of global debt sustainability.

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.”