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Sat 11 Oct 2008 01:38 PM

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UAE central bank chief in US for crisis talks

Governor in Washington for IMF, World Bank meetings regarding global financial turmoil.

The Central Bank of the UAE announced on Saturday that Governor Sultan Nasser al-Suweidi was in Washington to discuss the global liquidity crisis at meetings with world leaders.

Suweidi will attend meetings of the International Monetary Fund and World Bank to mainly discuss the liquidity crunch and financial markets turmoil, especially in industrialised nations, the bank said in a statement.

Suweidi said national and foreign banks are in a "strong financial position" and that the majority of their assets are in the UAE, according to the statement.

Finance ministers and central bankers from around the world will also attend the two-day meeting. (Reuters)

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