Abu Dhabi, UAE – The United Arab Emirates has been awarded the bid to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi. This move reflects growing international confidence in the national economy. It also reinforces the country’s position as a leading global financial center.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the selection of the UAE to host this global event represents an international vote of confidence in the efficiency of its economy and the strength of its institutions. He noted that the UAE has become a key partner in supporting the stability of the global economic system. Moreover, the UAE has contributed to shaping the future of the global economy.
A global platform for economic decision-making
He explained that the World Bank and International Monetary Fund Annual Meetings are among the most prominent global economic events. These meetings bring together finance ministers, central bank governors, and policymakers from more than 190 countries. Issues of growth, financial stability, and sustainable development are discussed at these meetings. Therefore, Abu Dhabi’s hosting of these meetings gives it strategic importance at the heart of international economic decision-making.
He added that this event reinforces the UAE’s position as a global platform for multilateral economic dialogue. It also underscores its organizational readiness and its ability to host major international events.
International confidence and a solid economic structure
The UAE’s selection came after it received the highest percentage of votes in an international evaluation process. This result reflects the international community’s confidence in the country’s stable economic environment and balanced fiscal and monetary policies. In addition, it shows confidence in the country’s advanced infrastructure and accumulated expertise.
Sheikh Mohammed bin Rashid expressed his pride in the UAE’s economic and financial professionals. He also noted the growing stature of the UAE and the increasing confidence the world has in it.
Strengthening partnerships and sustainable development
For his part, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that hosting the meetings reflects the UAE’s vision of strengthening international partnerships. It also reinforces its role as a key player in supporting global financial stability.
He explained that the event represents an opportunity to enhance constructive economic dialogue and support sustainable development. It is also an opportunity to build international partnerships that contribute to shaping the future of the global economy. This comes in light of the current challenges facing international markets.
