UAE participates in MENAP Finance Ministers and Central Bank Governors Meeting

UAE participates in MENAP Finance Ministers and Central Bank Governors Meeting

Mohamed Al Hussaini: We emphasise the pivotal role of the IMF in devising solutions to the challenges facing the world today Mohamed Al Hussaini: The UAE’s economic outlook remains strong, with growth expected to reach 3.9% by the end of this year. Inflation in the UAE is also projected to drop to 3.2% by the end of this year, down from 4.8% last year Subtitles: The meeting was chaired by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund The meeting discussed key strategic issues, economic growth, and future prospects Washington: The United Arab Emirates, represented by the Ministry of Finance, participated in the meeting of finance ministers, central bank governors, and heads of regional financial institutions in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region. The meeting was held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, DC from the 10 to 16 April, and discussed key strategic issues and economic growth in the region, in addition to future prospects and fiscal policy requirements to combat inflation. His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in