Sheikh Mohammed congratulates UAE minister elected to top IMF and World Bank post – Reuters


Mohamed Hadi Al Hussaini is leading the UAE delegation participating in the ongoing IMF and World Bank Group Annual Meetings and G20 meetings

By the KT team

Published: Sat 15 Oct 2022, 09:53 PM

Last update: Sat 15 Oct 2022, 10:18 PM

The vice president of the United Arab Emirates on Saturday expressed his pride in the election of an Emirati minister to a senior position at the International Monetary Fund (IMF) and the World Bank.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has been elected Chairman of the Development Committee (DC) of the World Bank Group (WBG) and the International Monetary Fund (IMF), which aims to achieve international cooperation and consensus on development issues.

The DC is a joint ministerial committee of the Boards of Governors of the Bank and the Fund.

Al Hussaini is leading the UAE delegation attending the 2022 IMF-World Bank Group (IMF-WBG) Annual Meetings and G20 meetings, taking place in Washington DC from October 10-16.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, described the minister as an “important part of the government work team”.

“And the arrival of any Emirati in the world is a vote for the Emirates, enhancing the country’s reputation in the international community,” Sheikh Mohammed said in a tweet in Arabic.

During his two-year term, Al Hussaini will work with committee members, which include ministers, and the WBG and IMF Board of Governors to complete and manage the committee’s programs related to sustainable and comprehensive economic development, to to build and develop the economies of developing countries.

Al Hussaini thanked Member States and the WBG for electing him to chair the Committee, stressing the UAE’s keenness to cooperate and coordinate with its strategic partners and all international organizations to enable comprehensive and sustainable development. at all levels.



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