The UAE has confirmed that it will host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi, marking another strong endorsement of the nation’s economic credibility on the global stage.
This development is set to further strengthen the UAE’s standing as a leading global financial hub, while reinforcing its role as a strategic partner in promoting international economic stability and influencing future financial policy directions.
Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that the selection reflects a global vote of confidence in the UAE’s robust financial position. He emphasised that hosting the 2029 Annual Meetings in Abu Dhabi highlights the nation’s capabilities and the strength of its people.
He further noted that these high-level gatherings bring together central bank governors and finance ministers from around 190 countries, serving as a vital platform to shape global financial stability frameworks and define the trajectory of the international economy.
He also expressed pride in the UAE’s continued progress, commending its economic and financial expertise, rising global stature, and the sustained trust it earns from the international community.
The UAE secured the hosting rights after achieving the highest number of votes in a competitive international evaluation process, underscoring global confidence in its economic strength, institutional preparedness, and resilient macroeconomic environment.
The decision also reflects recognition of the UAE’s balanced fiscal and monetary strategies, advanced infrastructure, and proven capability in hosting major international events, further cementing its role as a global hub for multilateral economic dialogue.
This milestone builds on the UAE’s previous experience, having successfully hosted the same meetings in Dubai in 2003.
Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, highlighted that hosting the 2029 meetings aligns with the country’s long-term vision of strengthening international partnerships and reinforcing its position as a key supporter of global financial and economic stability.
He added that the UAE will continue advancing its role in shaping the global economic landscape through an approach centred on openness, collaboration, and adaptable fiscal and economic policies that foster sustainable growth and resilience.
