Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with Ajay Banga, President of the World Bank Group (WBG), during which they discussed global economic issues, recent advancements in the UAE’s economic development process and strategies to strengthen cooperation between the UAE and the World Bank Group.
The two, who met on the first day of the World Governments Summit (WGS) 2024, also discussed enhancing collaboration in exchanging experiences, sharing knowledge and developing national competencies.
The meeting also explored strategies to enhance the global business environment by drawing upon the UAE’s experience in creating an attractive business climate for investors locally, regionally and internationally.
Al Maktoum also expressed his appreciation to the World Bank for its role in supporting developing economies and advancing global economic development rates.
“The World Bank’s efforts to eradicate poverty, enhance global prosperity, create opportunities for sustainable economic growth and invest in building human capabilities are commendable,” he said.
The Ruler of Dubai also stressed the UAE’s commitment to strengthening its relations with the World Bank Group and discovering new opportunities for cooperation to advance national, regional and international interests.
He also underscored the importance of these collective endeavours in shaping a brighter future and ensuring peace, stability and prosperity across the world.
The World Bank Group President underscored the UAE’s pioneering development model, which has been recognised across the region and the world.
Banga said that the UAE’s achievements in development embody valuable knowledge that could benefit other countries.
He added that the World Bank Group is committed to enhancing its collaboration with the World Governments Summit to facilitate global cooperation, with the aim of creating a brighter future for humanity.
The meeting was held in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
Dubai hosts 3-day global summit
The WGS 2024 is being held in Dubai until 14th February under the theme of “Shaping Future Governments”.
The three-day mega-event has brought together more than 25 heads of state, more than 85 international and regional organisations and global institutions, 140 governments, and distinguished global thought leaders and experts.
Over 200 prominent speakers will address future global trends during more than 110 dialogues and sessions.
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