Sheikh Mohammed

Mohamed Hadi Al Hussaini leads UAE delegation to ongoing IMF and World Bank Group annual meetings and G20 meetings

The UAE vice-chairman on Saturday took pride in the election of Minister Emirati to the top job at the International Monetary Fund (IMF) and the World Bank.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has been elected as Chairman of the Development Committee (DC) of the World Bank Group (WBG) and the International Monetary Fund (IMF), which aims to achieve international cooperation and consensus on development-related issues.

The DC is a joint ministerial committee of the Bank and IMF Boards of Governors.

Al Hussaini leads the UAE delegation to the 2022 International Monetary Fund and World Bank Group (IMF-WBG) annual meeting and G20 meeting in Washington, DC, from 10 to 16 October.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, described the minister as “an important part of the government’s working team”.

“Any Emiratis coming is a vote for the UAE, strengthening the country’s reputation in the international community,” Sheikh Mohammed said in an Arabic tweet.

During his two-year term, Al Hussaini will work with committee members, including ministers, and the governing boards of the World Bank Group and the International Monetary Fund to finalize and manage the committee’s programmes related to sustainable and comprehensive economic development to build and developing the economies of developing countries.

Hosseini thanked member states and the World Bank Group for electing him to chair the committee, stressing that the UAE is keen to cooperate and coordinate with its strategic partners and all international organizations to achieve comprehensive and sustainable development at all levels.

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