UAE and IMF discuss strengthening economic partnership

UAE economic cooperation with IMF-GCC Business News
Image via WAM | Cropped by GBN
By Staff Writer, GCC Business News

The UAE and the International Monetary Fund (IMF) have held discussions on strengthening cooperation and reviewing global economic developments as part of their ongoing strategic engagement.

The UAE Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini, met with Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, to discuss coordination on economic policy and regional financial developments within the framework of their long-standing partnership.

The meeting, held at the Ministry of Finance office in Dubai, was attended by Ali Abdullah Sharafi, Assistant Undersecretary for International Financial Relations at the UAE Ministry of Finance.

The discussions reflected continued engagement between the two sides on regional and global economic developments and shared priorities related to financial stability and sustainable economic growth.

Both sides reviewed the evolving global economic landscape and the outlook for the coming period, with emphasis on the impact of rapid global shifts and the need for agile and forward-looking economic policies.

The talks highlighted the importance of adapting policy frameworks to manage emerging challenges while identifying new opportunities to support long-term growth.

The UAE Minister of State for Financial Affairs reaffirmed that the UAE continues to strengthen its position as a resilient and diversified economy, supported by policies aimed at enhancing financial stability, improving competitiveness, and developing a flexible business environment aligned with global economic changes.

Mohamed bin Hadi Al Hussaini highlighted the importance of maintaining close cooperation with international financial institutions, particularly the IMF, noting that such partnerships play a key role in enabling knowledge exchange, policy dialogue, and technical expertise that support national development objectives and economic resilience.

Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, reaffirmed the Fund’s commitment to continued cooperation with the UAE and emphasized the importance of joint efforts in addressing regional and global economic challenges.

The meeting underscores the ongoing collaboration between the UAE and the IMF in advancing economic coordination, strengthening financial stability, and supporting sustainable growth in a rapidly changing global economic environment.

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