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Abu Dhabi [UAE], April 9 (ANI/WAM): The United Arab Emirates, represented by the Ministry of Finance (MoF), is participating in the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), which will be held on April Held in Washington, D.C. from September 10-16. The UAE delegation was led by Mohammad bin Hadi Al Husseini, Minister of State for Finance. Mohammad bin Hadi Al Husseini said the ministry is keen to attend and participate in such international events, participate in the international decision-making process, and work together to serve the countries of the region and the world.
“Today’s world economy is facing unprecedented changes and challenges. All parties need to work together, with foresight, to formulate solutions that meet the needs and development plans of various countries, so as to achieve comprehensive and sustainable economic, social and environmental development for future generations.” The 2023 Spring Conference will discuss topics such as global macroeconomic challenges, the latest developments in digitalization and financial services technology, climate affairs, the path to equality, and the latest developments in the global economy.
Al Hussaini will chair the Development Committee meeting with World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva. The meeting will discuss the World Bank Group’s roadmap to address development challenges, as well as the development of the World Bank Group’s mission, operations and resources, and exchange preliminary views on its development priorities. The Joint Development Committee and the IMF’s International Monetary and Financial Committee will meet to discuss progress in the work of the World Bank Group and the IMF and organize seminars, conferences, and events focused on the global economy, international development, and global financial markets.
Husseini will also lead the Arab delegation to the International Monetary and Financial Committee (IMFC) meeting to discuss the latest developments in the global monetary and financial system. Building a sustainable recovery and maintaining macroeconomic and global financial stability will require decisive policies tailored to each country’s needs. He will also join IMF Managing Director Kristalina Georgieva for a meeting of finance ministers, central bank governors and heads of regional financial institutions in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region . The meeting will discuss key strategic issues and economic growth in the region, as well as future prospects and fiscal policy requirements to combat inflation and maintain debt sustainability, while ensuring targeted support for vulnerable groups.
The 2023 Spring Meetings brought together government officials from IMF and World Bank Group member countries, observers and representatives from international, regional and economic organizations, as well as central bank governors and representatives of civil society organizations. In addition, senior officials from the private sector, financial institutions, banks, members of parliament, consultative councils and academia will attend the spring meeting. (ANI/WAM)
(This story was not edited by Devdiscourse staff and was automatically generated from a syndicate feed.)
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