UAE's Ali Alhosani becomes first Emirati to be elected executive director at IMF

Ali Alhosani, an Emirati, has become the first person from his country to be elected as an executive director at the International Monetary Fund (IMF). The news was announced by Sheikh Maktoum bin Mohammed, the First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, on Friday. Sheikh Maktoum expressed his congratulations to Mr. Alhosani and highlighted the UAE's growing economic influence and representation on the IMF executive board.

The UAE's appointment of national talents to international financial institutions, he noted, reflects its commitment to strengthening its global economic impact. Mr. Alhosani previously held the position of deputy executive director at the Arab Group at the IMF and expressed his gratitude for the confidence placed in him by the UAE leadership.

He outlined his plans to focus on supporting the priorities of the Arab Group countries and building strategic partnerships with other countries, sharing the UAE's expertise in financial and monetary systems. The IMF's executive board, consisting of 25 executive directors elected by member countries, oversees the IMF's day-to-day operations and approves financial assistance for countries facing temporary balance of payment problems. Currently, Kristalina Georgieva serves as the IMF's Managing Director.