The United Arab Emirates announced that it has won the bid to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund, which will be held in the capital, Abu Dhabi. This achievement reflects the advanced level of international confidence in the national economy and strengthens the country’s position as a global financial hub.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, may God protect him, affirmed that the country’s hosting of this important event reflects the international community’s confidence in the United Arab Emirates and in its capabilities and potential.
His Highness said: “In a global economic vote that reflects international confidence, affirms the UAE’s well-established financial standing, and embodies the competence and capabilities of its people, the United Arab Emirates has won the bid to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in the capital, Abu Dhabi.”
His Highness added: “These global meetings, which include finance ministers and central bank governors from 190 countries, represent a key platform for shaping global financial stability policies and for formulating the future of the international economy.”
His Highness said: “I am proud of the United Arab Emirates, of its economic and financial cadres, of its growing stature, and of the world’s confidence in it, which becomes more firmly established day after day.”
The UAE was selected to host this event after obtaining the highest voting percentage within an international evaluation process, reflecting its institutional readiness, the strength of its economic environment, the flexibility of its fiscal and monetary policies, in addition to its advanced infrastructure and its expertise in organizing global events.
This hosting represents an extension of the country’s record in hosting major international meetings, as it previously organized the same event in Dubai in 2003, reflecting its accumulated experience in this field.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, affirmed that the UAE’s hosting of the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund reflects the country’s strategic vision based on strengthening international partnerships and consolidating its role as a key hub in supporting global financial and economic stability. His Highness noted that the UAE continues to reinforce its position in shaping the future of the global economy through its approach based on openness, cooperation, and the adoption of flexible financial and economic policies that enhance growth and stability.
His Highness added: “This event represents an important global platform for enhancing constructive financial and economic dialogue among various countries of the world. We are committed to providing an ideal environment that contributes to achieving qualitative outcomes that support sustainable development pathways and enhance international financial and economic integration. Hosting this global gathering also reflects the readiness of the United Arab Emirates, with its advanced infrastructure and leading organizational expertise, to serve as a global center for economic decision-making and an effective platform for building international partnerships that serve the future of the global economy.”
The Annual Meetings of the World Bank Group and the International Monetary Fund are considered one of the most prominent global economic events, as they discuss vital issues such as economic growth, financial stability, and global challenges. This grants the UAE’s hosting a strategic dimension that strengthens its presence in international economic decision-making.
This hosting also reflects the UAE’s active role in supporting multilateral cooperation, enhancing dialogue between different economies, and working to find innovative solutions to global economic challenges in a way that achieves sustainable and inclusive economic growth.
