Syria signs World Bank deal to establish recovery and reconstruction fund
Syria has signed an agreement with the World Bank to create a trust fund supporting recovery and reconstruction, as officials discuss boosting exports and industry.
The International Monetary Fund (IMF) and the World Bank Group have reached an agreement with the United Arab Emirates to hold their 2029 Annual Meetings in Abu Dhabi. Ajay Banga, President of the World Bank Group, and Kristalina Georgieva, Managing Director of the IMF, signed the accord for their respective organizations, alongside Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs of the UAE, and Khaled Mohamed Balama, Governor of the Central Bank of the UAE.
At a signing ceremony in Bangkok, Banga expressed excitement about Abu Dhabi hosting the upcoming event, noting that it is a significant opportunity for the World Bank, which also manages a Knowledge Hub on Gender. Georgieva emphasized the rapid transformation of the UAE, describing the annual meetings outside Washington, DC, as memorable experiences for participants.
The UAE's Minister of State for Financial Affairs welcomed the IMF/World Bank's decision, looking forward to welcoming the institutions' members back after 26 years. The Governor of the Central Bank of the UAE praised the hosting as a vote of confidence in the country's economy and business model, expressing hope for future meetings in the UAE.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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