Bangkok:The United Arab Emirates is showcasing its economic diversification and robust financial policies through a high-level delegation at the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok, Thailand.
According to Emirates News Agency, the UAE's participation underscores its commitment to strengthening investments in human capital and technology, advancing digital innovation and financial inclusion, and supporting sustainable growth. The country aims to enhance the competitiveness of its national economy and contribute to international economic and financial dialogue, promoting global financial stability.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE and the country's Governor at the IMF, emphasized in a keynote address that the UAE's economic growth outlook remains positive. He highlighted the nation's diversified economy and resilient structure, predicting GDP growth to accelerate to around 10 percent by 2027. This growth is driven by the rapid expansion of non-oil economic activities, continued infrastructure investment, and increased oil production capacity following the UAE's withdrawal from OPEC.
In preparation for hosting the 2029 Annual Meetings of the World Bank Group and the IMF in Abu Dhabi, the UAE delegation is conducting coordination meetings with government representatives to exchange expertise and align with international best practices. These efforts aim to enhance institutional readiness and support global financial stability and sustainable growth.