UAE Financial Minister Engages With World Bank VP On MENA Prosperity

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, recently engaged in a significant meeting with Ousmane Dione, the newly appointed Vice President for the Middle East and North Africa (MENA) region of the World Bank Group. This encounter took place at the UAE Ministry of Finance offices in Dubai, marking a pivotal moment for strengthening ties between the UAE and the World Bank Group. The meeting was also attended by key officials from both sides, including Ali Abdullah Sharafi, Acting Assistant Under-Secretary for International Financial Relations at the Ministry of Finance, and Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations.

The discussions focused on the World Bank's priorities, its recent initiatives in the MENA region, and potential areas of collaboration between the UAE Ministry of Finance and the World Bank Group. Al Hussaini extended a warm welcome to Dione and his delegation, lauding his appointment as Vice President for the MENA region. This visit to the UAE is Dione's first since assuming his new role and is part of a broader tour across several countries in the region aimed at bolstering relations.

The Ministry of Finance expressed its commitment to enhancing its partnership with the World Bank Group. This initiative aligns with its strategic goal to uncover new partnership opportunities that will benefit not only the UAE but also contribute to the prosperity and stability of the wider MENA region. The collaboration between the UAE and the World Bank Group is seen as a cornerstone for achieving sustainable economic integration that promises mutual benefits.

This meeting underscores a mutual interest in fostering a relationship that can lead to impactful contributions towards creating a brighter future for the region. With strategic relations already in place, both parties are poised to explore innovative ways to drive sustainable growth and economic stability across the MENA region.

With inputs from WAM