Home Business Minister of State for Financial Affairs meets with IFC’s regional Vice President

Minister of State for Financial Affairs meets with IFC’s regional Vice President

by Dubai Forum
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  • h.e. mohamed bin hadi al hussaini meets with ifc’s regional vice president_image2
  • h.e. mohamed bin hadi al hussaini meets with ifc’s regional vice president_image1

DUBAI, 7th March, 2022 (WAM) — Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met today with Hela Cheikhrouhou, International Finance Corporation’s (IFC) regional Vice President for the Middle East, Central Asia, Turkey, Afghanistan, and Pakistan.

The meeting, which took place at the Ministry of Finance’s (MoF) headquarters in Dubai, sought to discuss IFC’s work plan and review the latest developments related to IFC’s activities in the UAE and the region.

Abdullah Ahmed Al Obaidly, Director of Relations and International Financial Organisations, and Moza Saeed Almatrooshi, Head of International Organisations Department at MoF, attended the meeting alongside Sufyan Abed Alhameed Al Issa, IFC’s MENA Regional Head of Operations.

During the meeting, Al Hussiani stressed on the importance of the IFC’s role in advancing economic development and improving the lives of people, especially in light of the exceptional circumstances the world is witnessing. “The Ministry of Finance is keen to bolster coordination with the IFC to stimulate the growth of the private sector and create job opportunities in developing countries,” he said.

Both parties discussed strengthening bilateral relations and reviewed the latest developments related to the IFC’s strategy in the MENA region and IFC’s programmes in the UAE and the GCC. They also deliberated the support provided by the IFC to private companies in the UAE to boost their investments abroad.

IFC, a member of the World Bank Group, advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. The UAE joined the IFC on 30th September 1977.

WAM/MOHD AAMIR/Lina ibrahim

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