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- UAE strengthens global financial partnerships , wins praise for financial resilience at IMF - World Bank meetings
- UAE strengthens global financial partnerships , wins praise for financial resilience at IMF - World Bank meetings
- UAE strengthens global financial partnerships, wins praise for financial resilience at IMF - World Bank meetings
The Central Bank of the UAE (CBUAE) is strengthening international financial partnerships through bilateral meetings at the 2026 IMF and World Bank Group Annual Meetings in Bangkok, held from 12 to 18 October. It met the Bank of Korea and the Monetary Authority of Singapore to discuss financial sector cooperation and knowledge exchange. In panel discussions, international officials and experts praised the UAE's financial system as a successful model for stability and resilience, including Sophie Sirtaine of the WBG, Stefan Ingves of Toronto Centre and Pornanong Budsaratragoon of Thailand's Securities and Exchange Commission. Other sessions covered how AI and cyber risks affect financial stability and how private capital can support healthcare systems.
- IMFC chair says global economy resilient; delegates walk out on Russian official
IMFC chair Mohammed Al-Jadaan said the global economy is showing 'remarkable resilience' but there is 'no room for complacency' amid wars, threats to energy and food security, high public debt and AI-related risks. Nearly half of delegates walked out when Russian Finance Minister Anton Siluanov spoke in Russian, sending a clear message to Russia, although all members agreed to the chair's statement. IMF Managing Director Kristalina Georgieva called the meetings productive but noted growing anxiety about divergence, with many lower-income countries fearing they are falling behind. The IMF and World Bank annual meetings drew more than 18,000 people to Bangkok.
- Luxembourg Highlights Value of Cooperation at IMF , World Bank Meetings
Luxembourg's Finance Minister Gilles Roth attended the World Bank and IMF annual meetings in Bangkok from 13 to 16 October, where officials discussed mobilising private capital, structural reforms, debt sustainability and resilience to climate and energy challenges. On the sidelines, Roth held bilateral talks with counterparts from Thailand, India, Oman, Liechtenstein and Malaysia, as well as a delegation from Togo, and signed a Memorandum of Understanding with Thailand to deepen ties between the two countries' financial sectors. He also met IMF Managing Director Kristalina Georgieva and ADB President Masato Kanda, joined a ministerial roundtable on Ukraine, and attended the launch of the Anti-Money Laundering and Anti-Corruption Fund (AMLAC). Roth said the meetings showed the value of multilateralism and that Luxembourg will keep promoting its role as a leading financial centre.
- Pakistan to Chair IMF , World Bank Boards in 2027 After 74 Years
Pakistan has been named chair of the Boards of Governors of the IMF and World Bank Group for 2027, its first time in the role since 1953. The Ministry of Economic Affairs announced on October 16 during the 2026 Annual Meetings in Bangkok that Federal Minister Ahad Khan Cheema, also Pakistan's World Bank governor, will take the post. Pakistan aims to strengthen representation for developing nations, expand access to development financing, and boost private investment for sustainable, inclusive growth. The chairmanship is mainly diplomatic and procedural, while loan decisions stay with the institutions' Executive Boards. Pakistan currently has a $7 billion Extended Fund Facility and a $1.4 billion Resilience and Sustainability Facility with the IMF, and a recent staff-level deal could unlock about $1.21 billion, subject to Executive Board approval.
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