The UAE will host the annual meetings of the World Bank Group and the International Monetary Fund in 2029. . Global confidence in the national economic model and strengthening the country’s position in supporting the stability of the international economic system
ABU DHABI, 10 APRIL/WAM/ The UAE’s victory in hosting the annual meetings of the World Bank Group and the International Monetary Fund for the year 2029 in the capital, Abu Dhabi, after obtaining the highest percentage of votes within an organized international evaluation process, reflects the established international confidence in the national economy, and strengthens the country’s position as a supportive partner for the stability of the international economic system, and a financial center that contributes efficiently to supporting the stability and sustainability of the international economic system and formulating its future directions.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, confirmed: “The UAE’s victory to host the meetings of the World Bank Group and the International Monetary Fund for the year 2029 came thanks to the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, which established a solid approach based on strengthening international cooperation with various countries and global institutions, and contributed to consolidating the state’s role in supporting a more sustainable global system, and addressing regional and international challenges, including It enhances global economic growth paths and supports sustainable development in societies.”
His Highness also confirmed that the UAE achieved a distinguished achievement by winning to host these high-level international meetings for the second time, after having hosted in 2003 the fifty-eighth annual meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.
He added that this achievement is based on the UAE’s track record in hosting and organizing major international events, which was demonstrated by the successful hosting of Expo Dubai 2020 and the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), and the resulting achievement of the historic ‘UAE Agreement’, in addition to its active participation in important international forums and conferences, such as the G20, which reflects the country’s position as a reliable international partner and a major driver for enhancing multilateral cooperation.
His Highness pointed out that the broad international support, which was embodied in the UAE’s obtaining the highest vote percentage, not only reflects the great global confidence in the country’s ability to host this international event and make it a success, but also reflects the success of its economic environment and the efficiency of its financial and economic policies, stressing that hosting this event represents a new opportunity to build on and enhance these achievements, and consolidate the country’s position as a global center for partnership and development.
His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, said: “The UAE’s hosting of the annual meetings of the World Bank Group and the International Monetary Fund for the year 2029 represents a pioneering national milestone and embodies the fruit of the wise vision of the wise leadership in establishing a consistent approach based on strengthening international partnerships and consolidating relations of trust and cooperation with the international community, which reflects the continuous successes the country has achieved in building solid bridges for joint action at various levels.”
His Excellency added: “The UAE’s victory in hosting this global event reflects the high position it has reached in terms of finance and the economy, thanks to its pioneering economic model, its balanced fiscal and monetary policies, and its stable and stimulating economic environment for growth and prosperity. This achievement confirms the country’s pivotal role as a global platform for financial and economic dialogue, and a reliable partner in supporting international development.”
For his part, His Excellency Saeed bin Mubarak Al Hajri, Minister of State, said: “The UAE’s victory to host the 2029 meetings of the World Bank Group and the International Monetary Fund reflects the solid international confidence, the successes that the country has established in the areas of financial and monetary policy, and its support for the efforts made to establish sustainable financial development at the regional and global levels.”
His Excellency added: “The UAE is an active partner in developing the global financial governance system, and has a pioneering role in finding constructive solutions to development and economic challenges. The upcoming hosting of the annual meetings of the World Bank Group and the International Monetary Fund comes in the context of its tireless efforts to enhance international financial cooperation and contribute to supporting economic growth at the global level. Through its commitment to applying the highest international standards and being one of the fastest growing economies in the world, the UAE continues to cooperate with international partners in implementing strategies aimed at sustainability.” Financial stability, and contributing to building safer, more stable and more prosperous economies and societies.”
In the same context, His Excellency Khaled Mohammed Balama, Governor of the Central Bank of the United Arab Emirates, said: “The UAE’s hosting of the 2029 annual meetings embodies the forward-looking vision of the wise leadership, and reflects the effectiveness of the country’s development and economic approach based on openness and strengthening international partnerships, and consolidating its leadership role in supporting global financial stability. The UAE’s selection of this international gathering comes in appreciation of its national achievements and global successes, the efficiency of its financial system, and an affirmation of the strength of its monetary policies that have strengthened “Its ability to lead major transformations in the global financial landscape.”
His Excellency added: “At the Central Bank, we affirm our firm commitment to devoting this international platform to consolidating the UAE’s position at the center of global financial decision-making, enhancing strategic dialogue with our partners in the International Monetary Fund and the World Bank, and regional and international counterparts, and working together to innovate proactive solutions to confront changes in the global financial system, ensuring sustainable economic prosperity for the international community.”
His Excellency Ahmed Jassim Al Zaabi, Chairman of the Department of Economic Development – Abu Dhabi, said: “The UAE’s hosting of the annual meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi in 2029 reflects firm international confidence in an economic model that has proven its ability to stabilize and grow across different economic cycles.”
His Excellency added: “The UAE today is not only a destination for business and investment, but rather an integrated economic system that operates according to a clear approach: stable policies, effective regulatory frameworks, and capital managed with a long-term vision. These factors have formed a foundation that enhances the high credibility that distinguishes the UAE in the movement of global capital, and establishes its role as a reliable partner in the stability and growth of the international economic system. This hosting establishes the position of the UAE and Abu Dhabi in global economic decision-making, by contributing to shaping the trends of the international economy, through “Push the dialogue towards practical solutions that enhance productivity, support the smooth flow of trade and capital flows, and keep pace with structural transformations in the global economy with confidence, discipline and determination aimed at creating long-term value for the UAE and its partners around the world.”
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