World Bank Partners With ADGM Academy To Enhance Financial Literacy And Economic Knowledge In MENA Region

The World Bank has partnered with the ADGM Academy to enhance financial literacy and economic knowledge in the Middle East and North Africa (MENA). This collaboration aims to support sustainable development through training, research, and policy advisory services. The first Think Space event, focusing on MENA's economic outlook, was held at the ADGM Academy.

This partnership seeks to empower local talent and stimulate job creation. By providing comprehensive training programs, it aims to drive economic growth. The collaboration will focus on equipping individuals, businesses, and government institutions with essential skills for today's dynamic financial landscape.

Combining the World Bank's global expertise with ADGM Academy's regional insights, this initiative will offer impactful training and guidance. It aims to bridge knowledge gaps and promote financial inclusion across various societal segments. Key initiatives include tailored training programs for youth, women entrepreneurs, and small business owners.

Research and Policy Development

Joint research efforts will address economic challenges in the MENA region while highlighting growth opportunities. Additionally, policy advisory programs will assist government bodies in developing sound economic policies that foster a sustainable financial environment.

Iva Hamel, the World Bank’s Resident Representative to the UAE, expressed enthusiasm about the "ThinkSpace" partnership. "It is with great pleasure that we announce the launch of the World Bank ADGM Knowledge Series partnership," she said. This initiative marks a significant milestone in our ongoing efforts to foster knowledge sharing and capacity building within the region."

Mansoor Jaffar, CEO of ADGM Academy and Research Centre, shared his thoughts on the collaboration: "We are honoured to work alongside the World Bank in this important initiative. This will allow us to make meaningful strides in building financial literacy and capability throughout the MENA region, which is essential for long-term economic prosperity."

The commitment of both organisations underscores their dedication to fostering a resilient economy driven by knowledge. Their joint efforts aim to meet the evolving needs of society in the MENA region effectively.

With inputs from WAM