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Mohammed bin Rashid receives IMF Managing Director at GWFD 2020

Mohammed bin Rashid receives IMF Managing Director at GWFD 2020

Government of Dubai Media Office –16 February 2020: Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today received, in the presence of Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Managing Director and Chairwoman of the International Monetary Fund (IMF) Kristalina Georgieva, on the sidelines of the Global Women’s Forum Dubai (GWFD) 2020, being held from 16-17 February in Dubai.

The meeting discussed the UAE’s development model, which is based on building partnerships with regional and global companies backed by a supportive legislative environment that takes into account the interests of the country’s partners and provides them with a stable and secure environment, as well as a reliable infrastructure built according to the highest international standards.

The IMF Chairwoman expressed her appreciation for the UAE’s economic resilience, which was reflected in the progress and growth of domestic credit, increase of tourist numbers and high foreign trade flows at a time when the global market is facing serious challenges. She said that hosting Expo 2020 Dubai will give the UAE economy a new impetus.

Georgieva also said that Expo2020 will create a strong momentum that supports the UAE’s economic growth over the next year. Strong government economic incentives will encourage investments as well as private sector growth. She highlighted the importance of the non-oil sector growth in addition to generating new value by encouraging the growth of the SME sector, strengthening financial frameworks and raising financial sustainability both in the short and long term.

The meeting was also attended by His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum; Minister of Cabinet Affairs and the Future HE Mohammad bin Abdullah Al Gergawi; Minister of State for Financial Affairs, HE Obaid bin Humaid Al Tayer; Minister of State for International Cooperation HE Reem bint Ibrahim Al Hashimy; and Chairperson of the Board and Managing Director of the Dubai Women Establishment HE Mona Al Marri.

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