UAE participates in the 43rd Annual Meeting of the Islamic Development Bank Group

Press release
Published April 1st, 2018 - 10:43 GMT

Obaid Humaid Al Tayer, Minister of State for Financial Affairs
Obaid Humaid Al Tayer, Minister of State for Financial Affairs

UAE Ministry of Finance will participate in the 43rd Annual Meeting of the Board of Governors of the Islamic Development Bank between 03-05 April in Tunisia. The participating UAE delegation will be headed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, in the presence of specialists from the Ministry.

HE Obaid Humaid Al Tayer stressed that the country’s participation in such meetings strengthens its network of international relations with various financial institutions across the globe. HE added: “The IDB annual meetings are becoming an important platform in the current period, in light of member countries’ efforts to overcome challenges of the global economy by promoting economic and financial cooperation, and developing plans and strategies aimed at achieving sustainable economic and social development.”

The annual meeting of the IDB Group will commence its ceremony on Tuesday April 3rd, followed by a number of working sessions, roundtable with the board of governors, and seminars to conclude this year’s meetings.

Background Information

UAE Ministry of Finance

The UAE Ministry of Finance (MoF) is responsible for implementing all fiscal, monetary and industrial policies related to the UAE’s economic development. Among its core responsibilities are the preparation and allocation of the Federal Budget and the management of the government’s financial position.

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