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

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]