The United Arab Emirates will host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi, marking another sign of international confidence in the country’s economy.
According to the Emirates News Agency (WAM), the move is expected to reinforce the UAE’s position as a global financial hub and a key partner in supporting the stability of the international economic system and shaping its future direction.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said: “In a global vote that reflects international confidence and underscores the UAE’s strong financial standing, the United Arab Emirates has been chosen to host the 2029 Annual Meetings of the World Bank Group and the International Monetary Fund in Abu Dhabi, a clear reflection of the strength and capability of its people.”
He added that the meetings bring together central bank governors and finance ministers from 190 countries and serve as a key platform to shape global financial stability policies and define the future of the international economy.
“Proud of the United Arab Emirates, proud of its economic and financial talent, proud of its growing global standing, and proud of the trust it continues to earn from the world, day after day,” he said.
The UAE was selected after securing the highest number of votes in an international evaluation process, demonstrating global trust in its economic strength, institutional readiness, and stable and resilient economic environment.
The decision also highlights the country’s balanced fiscal and monetary policies, advanced infrastructure, and experience in hosting major international events, further strengthening its role as a platform for multilateral economic dialogue.
The UAE previously hosted the same meetings in Dubai in 2003.
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said hosting the 2029 meetings aligns with the country’s strategic vision to strengthen international partnerships and reinforce its role in supporting global financial and economic stability.
He said the UAE would continue to bolster its position in shaping the future of the global economy through openness, cooperation, and flexible fiscal and economic policies that promote growth and stability.
“This global event will provide a significant platform to promote constructive financial and economic dialogue among countries worldwide. We are committed to providing an ideal environment that leads to tangible outcomes supporting sustainable development and strengthening global financial and economic integration,” Sheikh Maktoum said.
He added that hosting the gathering showcases the UAE’s readiness, backed by its infrastructure and organizational expertise, to serve as a global center for economic decision-making and a platform for building international partnerships.
The Annual Meetings of the World Bank Group and the International Monetary Fund are among the world’s most important economic gatherings, bringing together finance ministers, central bank governors, policymakers and experts from more than 190 countries.
Each year, the meetings provide a forum to discuss global economic priorities, including growth prospects, financial stability, sustainable development and challenges facing the global economy.
Hosting the event carries strategic importance for the UAE, strengthening its role as a trusted partner in international economic decision-making and supporting multilateral cooperation between advanced and emerging economies.
Through such platforms, the country aims to advance innovative solutions to global economic challenges while promoting inclusive and sustainable economic growth worldwide.
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