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Obaid Al Tayer heads UAE delegation to IMF, WBG meetings

Obaid Al Tayer heads UAE delegation to IMF, WBG meetings
Minister of State for Financial Affairs Obaid Humaid Al Tayer

UAE – Mubasher: The UAE Ministry of Finance (MoF) on Tuesday announced that the state’s delegation at the annual meeting of the World Bank Group (WBG) and International Monetary Fund (IMF) will be headed by the Minister of State for Financial Affairs Obaid Humaid Al Tayer.

The minister’s accompanying delegation includes Undersecretary of the Ministry of Finance Younis Haji Al Khoori, in addition to a number of specialists from the MoF and the Central Bank of the UAE (CBUAE), according to a press release.

Obaid Humaid Al Tayer has praised the IMF’s key role in supporting the Arab countries and its constant efforts in helping them achieve sustainable development.

Moreover, Al Tayer also highlighted the importance of bolstering the collaboration between the finance ministry and IMF.

“The Ministry of Finance looks forward to participate in the annual meetings of the International Monetary Fund and the World Bank Group, as they offer a platform to highlight the UAE’s achievements, share expertise in financial governance, as well as on financial and economic policies,” Al Tayer said.

“Through these meetings, the Ministry of Finance seeks to contribute to the decision-making processes on global economy, underscore the nation’s efforts to support global economic development and strengthen the global financial system,” he added.

The minister will also hold a series of bilateral meetings with the aim of strengthening the UAE's international ties, the MoF noted.

Al Tayer and his delegation will take part in a number of consultative meetings to tackle financial policies as well as the latest economic developments and challenges across the world.

Furthermore, they will discuss the IMF’s expectations of the Arab world based on the current economic changes and the required steps to be taken to boost their economic growth.

The UAE, embodied in the MoF, participates in IMF and the WBG meetings every year to strengthen the country’s position as a leading global centre that supports sustainable social and economic development.