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His Excellency Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani met President of the World Bank Group Ajay Banga Sunday.  They discussed existing co-operation between Qatar and the World Bank as well as a number of issues of mutual interest.

His Excellency Sheikh Bandar bin Mohammed bin Saoud al-Thani, the Governor of the Qatar Central Bank and Chairman of the Qatar Investment Authority, Sunday met with Ajay Banga, President of the World Bank Group. During the meeting, they exchanged views on a range of topics of mutual interest, and discussed ways to enhance bilateral co-operation in relevant fields. 

The World Bank Group has opened its first office in Qatar and signed a memorandum of understanding with the Qatar Fund for Development (QFFD), marking a new phase in co-operation between the two sides, reports QNA. The agreement was signed during an official ceremony in Doha, attended by His Excellency the Finance Minister Ali bin Ahmed al-Kuwari, Her Excellency the Minister of State for International Co-operation Maryam bint Ali bin Nasser al-Misnad, World Bank Group President Ajay Banga, and QFFD Chairperson His Excellency Sheikh Thani bin Hamad al-Thani, along with senior officials.**media[409081]**The new office, hosted at QFFD headquarters in co-operation with the Ministry of Finance, is intended to strengthen engagement with Qatar's public and private sectors and support the country's National Vision 2030. It will also serve as a platform to encourage Qatari investment in emerging markets. Speaking on the sidelines of the event, HE al-Kuwari said relations between Qatar and the World Bank had seen significant growth in recent years, describing the opening of the office as a qualitative step that would expand cooperation and reflect a clear alignment in strategic priorities. 

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.