Economy UAE to advance talks on debt sustainability at global event By Pramod Kumar April 15, 2024, 4:11 AM 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. NewsletterGet 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. Middle East exports to rebound as Red Sea fears ease IMF to release $820m from Egypt $8bn loan programme US rate cuts to ease Turkey’s debt and benefit exports 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.
