Bangkok:Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and the UAE's Governor at the International Monetary Fund (IMF), emphasized the resilience and stability of the UAE's banking sector, citing strong financial indicators and high levels of liquidity and capital.
According to Emirates News Agency, in his remarks during the 2026 Annual Meetings of the IMF and World Bank Group, Balama reiterated the UAE's dedication to global financial stability through adaptive monetary and prudential policies while ensuring the robustness of its domestic financial system.
Balama outlined key priorities, including the enhancement of regulatory and supervisory frameworks to help banks manage market volatility, improve asset and risk management, and support sustainable economic financing. He highlighted the UAE's status as a leading global financial center, bolstered by its advanced banking sector adhering to international best practices.
The Governor stressed the importance of digital transformation and financial innovation, noting that modern financial technologies and digital infrastructure are crucial for the UAE. He also pointed out the necessity of safeguarding the financial system from cyber and technological risks.
Balama underscored the value of international cooperation and partnerships in building a resilient future economy and emphasized that the UAE's participation in the annual meetings reflects the country's proactive role in global financial dialogue. The meetings serve as a platform to strengthen ties with central banks and international financial institutions, exchange knowledge, and coordinate policies to tackle cross-border economic challenges.