UAE gets hearty pat on back from IMF @ WGS

By Sheena Amos

DUBAI 12 February 2018: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai yesterday met with Christine Lagarde, Managing Director of the International Monetary Fund (IMF).

Lagarde also met with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Following the meeting, Ms. Lagarde made the following statement:

“I had a very productive meeting… on the margins of the World Government Summit in Dubai. We discussed the UAE authorities’ plans to pursue economic reforms to further diversify the economy and maintain competitiveness.

“The progress they have achieved in these areas and their plans to continue to foster private sector-led growth and job creation are encouraging.”

On her meeting with Sheikh Mohamed bin Zayed, Lagarde said: “I had a very good meeting on the margins of the World Government Summit in Dubai. We discussed the evolving global economic and financial environment and possible implications for the region and the UAE.

“The UAE is commended for implementing sound macroeconomic policies and encouraging steps to further strengthen the dynamism of its economy.”