His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Ajay Banga, President of the World Bank Group, at the World Governments Summit (WGS) 2024 in Dubai.
During the meeting, Sheikh Mohammed and Banga 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. This includes enhancing collaboration in exchanging experiences, sharing knowledge and developing national competencies.
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The meeting on the opening day of WGS also explored strategies to enhance the global business environment by drawing upon the UAE’s leading experience in creating an attractive business climate for investors locally, regionally and internationally. The UAE’s efforts in this regard serve as an exemplary model in the region and globally, particularly in the development of regulations and legislations.
Sheikh Mohammed 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 UAE Vice-President also stressed the country’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.
Banga underscored the UAE’s pioneering development model, adding that the UAE’s achievements in development embody valuable knowledge that could benefit other countries.
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