Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has highlighted the growing importance of the Arab region in an ever-changing global landscape. She has projected that the total GDP growth for the Middle East region will reach 2.9% this year, exceeding the figures from 2023.
In an interview with the Emirates News Agency (WAM) during the pre-summit day of the Eighth Arab Fiscal Forum at WGS 2024, Georgieva underlined the enduring partnership between the Arab world and the IMF, as demonstrated by the forum’s convening.
Despite prevailing global uncertainties, Georgieva expressed increased confidence in economic forecasts, citing the resilience of the global economy.
The IMF official also predicted a decrease in global inflation rates for 2024, while emphasizing that medium-term global growth prospects remain around 3%, compared to the historical average of 3.8%, according to WAM.
WGS 2024, themed “Shaping Future Governments,” commenced today in Dubai with over 4,000 participants from various sectors engaging in 110 interactive sessions. These sessions feature 200 speakers from 80 international, regional, and intergovernmental organisations.
