The United Arab Emirates Ministry of Finance published a readout of the UAE’s participation in the World Bank Group and International Monetary Fund Annual Meetings in Washington, D.C., from 13 to 18 October 2025. The update covers interventions and bilateral engagements across the International Monetary and Financial Committee, the G20 finance track, BRICS finance discussions and the COP30 Finance Ministers’ Circle, with an emphasis on multilateral coordination on global financial stability, development financing and climate finance. In the IMFC, Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini underscored heightened global uncertainty and vulnerabilities for developing and emerging economies, called for a multilateral approach, and argued that the IMF should remain a quota-based institution with adequate resources and governance that reflects emerging markets and developing economies. He also highlighted capacity building and policy support for countries in transition and advocated private sector-led growth supported by structural reforms and greater trade integration. The G20 Finance Ministers and Central Bank Governors’ meeting addressed international financial system reform, stability, cooperation with Africa and global debt sustainability, and concluded with a chair’s summary covering workstreams including sustainable finance and financial inclusion; the United States presented priorities for its 2026 G20 presidency. BRICS discussions focused on Global South representation in IMF governance and coordination on development financing, with the UAE citing the Rio de Janeiro vision on IMF quota and governance reform and a joint BRICS statement supporting the United Nations Framework Convention on International Tax Cooperation. At the COP30 finance ministers meeting, participants reviewed a technical report tied to the “Baku to Belém Roadmap” and a USD 1.3 trillion target, including recommendations on concessional finance, multilateral development bank reform and domestic resource mobilisation.
Ministry of Finance (United Arab Emirates) 2025-10-18
United Arab Emirates Ministry of Finance concludes World Bank Group and International Monetary Fund Annual Meetings participation highlighting IMF quota-based role and USD 1.3 trillion climate finance target
The UAE Ministry of Finance participated in the World Bank Group and IMF Annual Meetings, focusing on global financial stability, development financing, and climate finance. Discussions covered IMF governance reform, private sector-led growth, and financial system stability. The UAE emphasized the Rio de Janeiro vision on IMF quota reform and supported the UN Framework Convention on International Tax Cooperation.