World Financial Fund (IMF) staff assembly with CBUAE. Symbol Courtesy: CBUAE
IMF body of workers staff commends the resilience of the UAE economic system and the power of its monetary sector
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IMF body of workers staff confirms persevered expansion of the banking sector, supported by means of expansion in credit score and deposits
IMF body of workers staff confirms that the UAE economic system is supported by means of sound basics, abundant buffers, complex institutional preparedness, a swift reaction and well-targeted make stronger measures
CBUAE leads nationwide coordination for the IMF body of workers challenge within the UAE, involving 35 federal and native entities
Abu Dhabi: The World Financial Fund (IMF) body of workers staff concluded its talk over with to the UAE, which came about from 7 to 16 July 2026. The talk over with integrated discussions on the newest financial and monetary traits, the longer term outlook and the coverage priorities of the related government, in addition to arrangements for the 2026 Article IV Session Venture.
H.E. Khaled Mohamed Balama, Governor of the Central Financial institution of the UAE (CBUAE) and Governor for the UAE on the IMF, emphasized the significance of the consultations in strengthening verbal exchange, exchanging perspectives on the newest financial and monetary traits within the UAE, and discussing priorities of mutual hobby all over the assembly His Excellency chaired with the IMF body of workers staff.
H.E. Balama stated: “These consultations provide an important platform for strengthening our existing cooperation with the IMF and exchanging views on the latest developments and future priorities. We also value the close cooperation among the relevant entities in the UAE and remain committed to reinforcing monetary and financial stability, while strengthening the financial system’s preparedness and capacity to keep pace with the regional and global changes and developments. The positive outcomes of the visit reaffirm the resilience of the UAE economy and the soundness of its financial sector.”
The IMF body of workers staff recommended the notable resilience demonstrated by means of the UAE economic system amid geopolitical traits within the Center East, supported by means of sound financial basics, abundant buffers, along with swift reaction and focused make stronger measures.
Mr. Mentioned Bakhache, Head of the IMF body of workers staff, stated: “The UAE economy has demonstrated significant resilience amid the geopolitical conflict in the Middle East. Sound fundamentals, ample policy buffers, advanced preparedness, and a swift policy response have contained the overall impact of the shock. The authorities’ timely and well-targeted support measures have helped preserve financial stability, safeguard essential supply chains, support affected sectors and households, and sustain market confidence, underscoring the UAE’s institutional capacity to navigate a major external shock.”
The body of workers staff showed that the UAE banking sector maintains robust ranges of capital and liquidity, with credit score proceeding to develop, supported by means of the powerful monetary positions established by means of banks forward of the regional traits. The body of workers staff additionally highlighted the function of the CBUAE’s “Proactive Financial Institution Resilience Package”, introduced in mid-March, in supporting monetary sector balance, improving the preparedness of economic establishments, and enabling them to proceed their operations and ship products and services successfully.
The body of workers staff famous that the resilience of industry, aviation and logistics actions, at the side of the ongoing power of home call for, supported financial task and prohibit the have an effect on of regional traits. The body of workers staff additionally expects the fiscal steadiness to stay in surplus, supported by means of upper oil costs, a forward-looking option to budgeting and robust policymaking, whilst low ranges of public debt supply abundant fiscal house.
The CBUAE led the nationwide running staff accountable for the talk over with, controlled strategic coordination with federal and native entities, and ready the paintings programme.
In preparation for the talk over with, the CBUAE organised a workshop for the related entities, all over which the targets of the consultations have been offered, thereby improving the entities’ preparedness and making sure coordinated participation.
The body of workers staff’s talk over with to the CBUAE additionally integrated a excursion of the Cybersecurity Operations Centre, the place it was once briefed at the CBUAE’s cybersecurity framework and the mechanisms used to leverage synthetic intelligence to fortify operational potency, make stronger possibility control and broaden institutional features.
On the conclusion of the talk over with, H.E. Khaled Mohamed Balama chaired the final assembly of the body of workers staff, all over which the important thing results of the conferences have been reviewed and the newest traits have been mentioned. His Excellency directed that the present cooperation with the IMF be persevered, coordination amongst nationwide entities be bolstered, and the results of the talk over with to make stronger the power and competitiveness of the UAE’s financial and monetary ecosystem.
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