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His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari participated in the meeting of Finance Ministers, Central Bank Governors, and Heads of Regional Financial Institutions from the Middle East, North Africa, Afghanistan, and Pakistan. The meeting was chaired by Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), and was held on the sidelines of the IMF and World Bank Group Annual Meetings, now being held in Washington, DC. The meeting discussed key strategic issues related to economic growth in the region, in addition to future outlooks and fiscal policy requirements to combat inflation. It also addressed sustainable financing strategies, ways to stimulate economic growth, and the promotion of innovation in financial development.Regional and global challenges were also reviewed, particularly the risks of rising inflation rates and food insecurity. The participants stressed the importance of continuing efforts to adapt to the current financial and economic developments.The meeting was held within the framework of enhancing regional cooperation and the exchange of insights among financial and economic policymakers, with the aim of supporting economic stability and achieving sustainable development across the region.

Qatar, represented by the Ministry of Finance, has signed an agreement with the World Bank Group to establish an office that will serve Qatar and support the wider region. This initiative comes within the framework of strengthening bilateral co-operation and supporting economic development efforts across the region. The agreement was signed on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, now being held in Washington, DC. “This agreement reflects Qatar’s commitment to deepening its international partnerships with leading financial institutions and accelerating the implementation of sustainable development programmes adopted by the country, in line with the goals of Qatar National Vision 2030,” the Ministry of Finance said in a release. The establishment of the World Bank office in Qatar provides an advanced platform for the exchange of technical and financial expertise with institutions and multilateral organisations. This new partnership also highlights Qatar’s status as a leading regional hub for economic and financial development, reaffirming its commitment to open and effective international cooperation in pursuit of inclusive and sustainable growth.

His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari participated in the meeting of Arab Finance Ministers, alongside Ajay Banga, President of the World Bank Group and several finance ministers.The meeting was held on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank Group, now taking place in Washington, DC. The meeting comes as part of efforts to strengthen cooperation with international financial institutions, exchange views on global economic developments, and explore opportunities to support financial stability and promote sustainable growth in the region.It aims to highlight the achievements of the Gulf Cooperation Council (GCC) in addressing global and regional priorities, and explore opportunities for cooperation across several actionable economic and financial sectors – contributing to the empowerment of both regional and global economic growth.The meeting also shed light on the attractiveness of the investment environment in GCC countries and the creation of high-quality opportunities across various sectors. In addition, it addressed the economic and development policies expected to be adopted as part of joint GCC efforts in the coming phase.

Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic Asaad Al Shaibani met on Wednesday with World Bank Division Director for the Middle East Department, Jean-Christophe Carret, who is visiting Damascus.The Syrian Arab News Agency (SANA) reported that the meeting discussed ways to enhance development and reconstruction cooperation between Syria and the World Bank.It is worth noting that the US Treasury Department ended its sanctions program on Syria, a strategic turning point in Damascus's economic and diplomatic relations and an opportunity to reintegrate Syria into the international financial system after long years of restrictions and economic isolation.