MoF hosts UAE Banks reception in Washington

Abu Dhabi / WAM

In a bid to provide comprehensive support to the banking sector, the Ministry of Finance (MoF), in collaboration with the UAE Central Bank, Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM), organised the UAE Banks reception, on the sidelines of the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington DC, for the fifth consecutive year.
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Mubarak Rashid Al Mansouri, UAE Central Bank Governor, Khalid Ali Al Bustani, Assistant Under-Secretary for International Financial Relations at MoF, along with a large number of finance ministers, central bank governors, heads of international financial and investment institutions of other countries, and CEOs of many global banks, including delegations participating in the annual meetings of the IMF and World Bank, attended the event.
Participating banks included National Bank of Abu Dhabi (NBAD), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB), Commercial Bank of Dubai (CBD), Union National Bank (UNB), Sharjah Islamic Bank (SIB), Al Hilal Bank and National Bank of Fujairah (NBF).
Speaking at the reception, Al Tayer stressed the ministry’s commitment to continuously develop its partnerships with UAE financial institutions and banks, as well as attract foreign investments to strengthen the UAE’s status globally as an ideal investment destination. He noted, “The Ministry of Finance commits to supporting the banking sector for its significant role and contribution to the overall economy, and establishing funding and credit opportunities to strengthen the sustainable development process adopted by the federal government.”
The UAE Banks reception is an important platform which reflects the strong status of the UAE’s banking sector and its ability to overcome financial challenges and crises.