UAE Deepens Global Financial Ties at IMF-World Bank Meetings

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Dubai, April 17: The United Arab Emirates has held a series of high-level meetings with global finance leaders in Washington, focusing on strengthening financial partnerships, expanding tax frameworks and reinforcing its role in promoting international financial stability.

The discussions took place on the sidelines of the World Bank Group and International Monetary Fund spring meetings.

The UAE delegation was led by Mohamed bin Hadi Al Hussaini.

Officials from the United States, United Kingdom, France, Canada, Argentina, Switzerland and Norway took part in bilateral meetings.

A key focus of the talks was expanding investment promotion and protection agreements, as well as strengthening double taxation avoidance frameworks to support cross-border business activity and reduce regulatory barriers.

The meetings also examined ways to improve financial and tax cooperation through stronger policy alignment and institutional links.

During talks with US Treasury Secretary Scott Bessent, UAE officials discussed strategic cooperation across financial and economic sectors. Khaled Mohamed Balama also attended.

Meetings with the United Kingdom and France focused on building existing partnerships and coordinating on global financial matters.

Discussions with Canada centred on frameworks supporting sustainability and long-term economic growth.

Talks with Argentina reviewed progress since the implementation of an investment promotion agreement in 2024 and explored further tax cooperation.

Engagements with Switzerland and Norway focused on regulatory coordination and developing new areas of financial collaboration.

The meetings form part of the UAE’s broader strategy to strengthen its position as a key player in global financial networks and promote long-term economic growth.