The UAE Ministry of Finance (MoF) welcomed a delegation from the International Monetary Fund (IMF) for the annual Article IV consultation at its Abu Dhabi headquarters. The meetings reviewed the nation’s macroeconomic trajectory, banking sector developments, and broader policy frameworks, while highlighting opportunities to strengthen long-term growth.
Strengthening global cooperation
The MoF delegation was led by H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, with Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations, and other officials in attendance. The IMF team was headed by Saeed Bakash, Head of Mission to the UAE and Advisor in the Middle East and Central Asia Department, alongside Senior Economist Koralai Kirabaeva and several experts.
In his statement, H.E. AlKhoori underscored the significance of the discussions, noting, “We, at the Ministry of Finance, attach utmost importance to strengthening this cooperation, as the IMF remains a key partner in supporting our efforts to advance fiscal and economic policy and to adopt international best practices that enhance the resilience and sustainability of the national economy.”
He added, “Through these regular consultations, we are committed to fostering open dialogue and exchanging expertise, enabling us to design financial policies that keep pace with regional and global developments.”
Advancing balanced and inclusive growth
H.E. AlKhoori also highlighted how the consultations provide a platform to showcase the UAE’s achievements. “The Article IV consultations provide a vital platform to showcase the UAE’s successful experience in fostering balanced and inclusive economic growth,” he said.
He explained that such engagements help consolidate the nation’s global standing. “We are committed to continually developing our financial system to ensure sustainable development and safeguard macroeconomic stability,” he noted. “This enhances our preparedness for future challenges and drives a competitive, innovation-led economy that promotes the well-being of our society.”
The mission began its visit to the UAE on September 17 and will conclude on October 1, as part of the IMF’s standard annual review of member countries.
