Skip to content Skip to Search
Skip navigation

UAE to advance talks on debt sustainability at global event

By Pramod Kumar
The UAE wants dialogue to address the ripple effects of geopolitical challenges on global trade Unsplash.com/Timelab
The UAE wants dialogue to address the ripple effects of geopolitical challenges on global trade

The UAE’s finance ministry intends to advance discussions on global macroeconomic stability and debt sustainability at the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).

The spring meetings will be held in Washington, D.C., from April 15 to 20.

The UAE will also promote a dialogue to address “the ripple effects of geopolitical challenges on global trade and medium-term growth prospects”, minister of state for financial affairs Mohamed bin Hadi Al Hussaini said in a statement.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

The minister added that it is “vital to strengthen multilateral efforts to accelerate sustainable development”.

He added that the spring meetings play a critical role in facilitating extensive dialogue among a wide range of key stakeholders.

On the sidelines of the spring meetings, Al Hussaini will participate in the second G20 finance ministers and central bank governors meeting.

He will deliver a keynote address at the international monetary and financial committee plenary and chair the joint WBG-IMF development committee plenary.

The minister will also meet with the IMF managing director Kristalina Georgieva and other participating finance ministers, central bank governors, and heads of regional financial institutions in the Middle East, North Africa, Afghanistan, and Pakistan. 

Latest articles

Occupancy levels in Dubai's commercial and industrial segment reached an all-time high of 91% in the first quarter of 2024

Profit up 15% at Dubai’s free zone operator Tecom

Tecom Group, the Dubai-based operator of business parks and free zones, said earnings rose 15 percent year on year in the first quarter of 2024, driven by high demand for office and industrial space. Net profit reached AED293 million ($80 million) in the quarter ended March 2024, compared to AED255 million a year ago. Revenue increased […]

The Gulf Islamic Investments logistics real estate platform owns 1.5m square feet of high-quality warehouses in the UAE

Canada’s Brookfield invests in UAE warehouse sector

Canadian company Brookfield Asset Management has acquired a controlling stake in a portfolio of warehouses owned by the UAE’s Gulf Islamic Investments (GII), as it takes advantage of continuing growth in the region’s e-commerce sector. The value of the deal was not given. The portfolio includes 1.5 million square feet of high-quality warehouses across the UAE.   […]

Acwa Power has 75 assets in various development stages and operations in the Middle East, Africa, Central Asia and Southeast Asia

Acwa Power secures $3bn for Saudi renewable projects

Saudi renewables major Acwa Power has secured funding of SAR11.4 billion ($3 billion) for two projects in the kingdom. The company signed a debt financing agreement worth SAR5.7 billion for the development and construction of a 1,800 megawatt (MW) combined cycle power plant in Madinah. It also signed a deal to obtain SAR5.7 billion in funding […]

The DFM is actively looking to expand beyond established companies, focusing on startups and adding new sectors

Dubai focuses on pre-IPO stage for startups

Dubai Financial Market (DFM) is focusing on supporting startups in the pre-initial public offering (IPO) stage to raise capital and connect them with potential investors, CEO Hamed Ali has said. “Diversifying the investor base is one of the top priorities for DFM,” Ali was quoted as saying in an interview with the UAE state-owned Wam […]