Abu dhabi: The United Arab Emirates has been selected to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi. This decision underscores strong international confidence in the UAE’s economic framework and its role as a trusted partner in the global financial system.
According to Emirates News Agency, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, emphasized that securing the hosting rights for these prestigious meetings is a testament to the UAE’s commitment to international cooperation. The event marks the second time the UAE will host these meetings, following a successful engagement in 2003. Sheikh Abdullah highlighted the UAE’s proven track record in hosting major international events, such as Expo 2020 Dubai and COP28, and its active participation in global platforms like the G20.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, remarked that hosting the 2029 meetings signifies a national milestone, reinforcing the UAE’s forward-looking vision and its success in building robust foundations for international partnerships. This achievement underlines the UAE’s prominent position in the financial and economic arenas, supported by a pioneering economic model and stable economic environment.
Saeed Al Hajeri, Minister of State, noted that the UAE is an active partner in advancing global financial governance, and hosting the meetings reflects its efforts to strengthen international financial cooperation. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, reiterated the significance of this selection as recognition of the UAE’s national achievements and global successes.
Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, stated that the UAE’s hosting of the meetings underscores global confidence in its economic model, which supports stability, growth, and prosperity. He emphasized the UAE’s role as an integrated economic ecosystem with clear policies and regulatory frameworks that cater to all stakeholders, contributing to the country’s credibility in global capital flows.
The 2029 World Bank and IMF Annual Meetings in Abu Dhabi are expected to further cement the UAE’s position in global economic decision-making and foster dialogue toward practical solutions for international economic challenges.