BANGKOK, Thailand – The World Bank Group (WBG) and the International Monetary Fund (IMF) have officially signed a Host Country Agreement for the United Arab Emirates to host their 2029 Annual Meetings in Abu Dhabi. The landmark agreement was signed by WBG President Ajay Banga and IMF Managing Director Kristalina Georgieva, alongside UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and UAE Central Bank Governor Khaled Mohamed Balama.
World Bank President Banga expressed his enthusiasm, highlighting the UAE’s remarkable economic transformation, excellent capital mobility, and welcoming hospitality. He noted that the institutions will focus heavily on mobilizing private sector capital to assist emerging markets.
During the ceremony, IMF Managing Director Georgieva took a moment to deliver high praise for Thailand’s current role as the host nation. She commended Thailand for its extraordinary preparation, deep dedication, vibrant cultural programs, and world-class food, stating that the country has set an incredibly high standard for future summits.
Looking ahead to 2029, she quoted the UAE’s founding father on the importance of preparing for a changing world, expressing absolute confidence that Abu Dhabi will deliver a magnificent event, marking the meetings’ return to the UAE 26 years after Dubai hosted them in 2003.
In response, UAE officials expressed profound pride in the international community’s trust. They noted that hosting global financial leaders in 2029 will powerfully validate the nation’s economic vision and firmly cement Abu Dhabi’s rapid rise as a premier global financial hub. (NNT)
