Wednesday 19, April 2017 by Jessica Combes

UAE to participate in 2017 spring meetings of the IMF and WBG


The UAE, represented by the Ministry of Finance (MoF), will participate in the 2017 spring meetings for the International Monetary Fund (IMF) and World Bank Group (WBG), held from 21-23 April in Washington DC.


HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, will head the UAE delegation which will include HE Mubarak Rashed Al Mansoori, UAE Central Bank Governor, HE Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF and a number of specialists in the Ministry and the Central Bank. Al Tayer will also head the Arab Group at the International Monetary and Financial Committee (IMFC).


“These meetings represent an interactive platform to discuss key topics and the latest developments on a regional and global level, as well as offer the opportunity to exchange expertise. The current changes in the global economy and the future of governments require joint international efforts to strengthen the economic growth, support the economic and investment development and build a stronger and more sustainable global economy for future generations,” said Al Tayer.


Al Tayer and his accompanying delegation will participate in the Arab Group Meeting, the IMFC meetings, and the Undersecretaries of Ministers of Finance meeting.  During his participation in the annual meetings, Al Tayer will also meet with Christine Lagarde, Managing Director of the IMF, Dr. Hazem Al Beblawi, Executive Director of the IMF and Dr. Mirza Hasan, Executive Director of the Arab Group at WBG.


The Agenda of the 2017 spring meetings includes the meeting of the IMFC, alongside a number of seminars will be held in addition to regional media briefings, press conferences and a range of activities which will focus on the global economy, international development and the global financial system.


The 2017 spring meetings of the IMF and WBG will gather Central Bank governors, ministers of finance and development, senior officials from private sector, and academics to discuss key international topics including global economic prospects, poverty eradication, economic development and aid effectiveness.



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