IMF and World Bank to Host 2029 Annual Meetings in Abu Dhabi
The World Bank Group and the International Monetary Fund (IMF) have signed an agreement with the United Arab Emirates to host the 2029 Annual Meetings in Abu Dhabi.
In Brief
- •The World Bank Group and the International Monetary Fund (IMF) have signed an agreement with the United Arab Emirates to host the 2029 Annual Meetings in Abu Dhabi.
- •The agreement was signed by the President of the World Bank Group, Ajay Banga, and the Managing Director of the IMF, Kristalina Georgieva, on behalf of their respective institutions.
- •The UAE last hosted the Annual Meetings in 2003 in Dubai, and this will be the first time since then that the meetings will be held outside of Washington, D.C.
- •The Annual Meetings bring together central bankers, ministers of finance and development, private sector leaders, and a wide range of stakeholders to discuss global economic issues.
- •The UAE's hosting of the meetings is in line with its strategic vision of strengthening international partnerships.
Why It Matters
The hosting of the 2029 Annual Meetings in Abu Dhabi by the IMF and World Bank is significant for several reasons. Firstly, it highlights the UAE's growing importance as a global economic hub. Secondly, it provides an opportunity for the UAE to showcase its economic stability and business model. Thirdly, the meetings will bring together key stakeholders to discuss pressing global economic issues, which could lead to new initiatives and collaborations. Lastly, the event will boost the UAE's reputation as a host for high-profile international gatherings.
Key Details
- Host Country
- United Arab Emirates
- Host City
- Abu Dhabi
- Meeting Year
- 2029
- Last Hosted in UAE
- 2003 in Dubai
- Meeting Frequency
- Every third year in a member country
Context & Background
The Annual Meetings are a key event for the IMF and World Bank, bringing together central bankers, ministers of finance and development, private sector leaders, and other stakeholders to discuss global economic issues. The meetings are usually held in Washington, D.C., but are held in a member country every third year.
Original Reporting & Sources
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