UAE Minister Chairs Arab Group at IMFC’s Meeting

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UAE Minister Chairs Arab Group at IMFC's Meeting

UAE Minister Chairs Arab Group at IMFC’s Meeting

(Washington D.C) – The UAE Minister of State for Financial Affairs, H.E. Obaid Humaid al-Tayer, met with a number of key global economic figures in meetings on the sidelines of the International Monetary Fund (IMF) and the World Bank annual meetings in Washington D.C. The meetings were aimed at discussing the global economic recovery outlook, coordinating economic policies as well as highlighting the slow growth of the emerging economies.
Chairing the Arab Group during the 28th meeting of International Monetary and Financial Committee (IMFC), Minister al-Tayer highlighted the noticeable recovery of the world economy and the economic growth achieved by several developed countries in addition to the improved business performance rates. He noted the growing interest in affairs related to the Middle East and North Africa (MENA) region, and in Egypt in particular, given that a number of Arab countries are facing a range of challenges that stem from the political transitions, slow global recovery and high unemployment rates.
Al-Tayer explained the ways in which the IMF can support the member states through encouraging them to adopt policies aimed at protecting their recovery and addressing their weaknesses. He openly supported the priorities set out in the international political agenda, which emphasises the need to ensure adequate resources for its implementation.

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