Published On: Wed, Jul 29th, 2015

MoF engages in World Bank Group knowledge exchange

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Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, has met with Dr. Jim Yong Kim, President of the World Bank Group (WBG), at the World Bank Group’s headquarters in Washingt  on, according to reports by WAM the Emirates Newswire.

The meeting was held as part of the Ministry of Finance’s (MoF) efforts to exchange knowledge and expertise with international institutions and implement best international financial policy practices. During the meeting the President of the World Bank Group also highlighted the UAE’s position as the top contributor of development aid for the second year in a row, as per the Organisation for Economic Cooperation and Development (OECD) based in Paris. The UAE has contributed development aid worth 18 billion AED.

Both parties discussed bilateral relations between the UAE and the World Bank Group in addition to the Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum’s official invitation for Dr. Jim Yong Kim to attend the Government Summit 2016, which will be held between February 8-10, 2016.

Al Tayer provided Dr. Kim with an overview of the Government Summit along with a brief about the country’s strategy and the UAE government’s vision for the future.

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