MoF and IMF mission discuss UAE’s economic, financial developments

Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, has met with the International Monetary Fund (IMF) Article IV consultation mission at the Ministry’s headquarters in Abu Dhabi.

The meeting was attended by Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, and Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations at the Ministry of Finance, alongside several officials and specialists from both parties.

During the meeting, part of the IMF’s annual Article IV consultations, the two sides discussed the UAE’s economic and financial developments and policies. The meeting also touched on policies introduced in the UAE to strengthen its financial and economic framework.

Welcoming the delegation, AlKhoori commended its role in evaluating the financial and economic performance of member nations.

“The Ministry of Finance values its collaboration with the IMF and the consultations conducted by its experts. These discussions provide an essential platform for exchanging views on fiscal and monetary policy priorities, enabling us to support development goals and ensure long-term economic stability in line with globally recognised best practices,” AlKhoori said.

Discussions covered economic prospects, risks, and key policy priorities aimed at safeguarding economic growth, maintaining fiscal sustainability, and advancing economic diversification. The agenda also addressed liquidity management, the real estate sector, monetary policy transmission, and structural reforms.

The IMF delegation will continue its mission in the UAE with a series of meetings involving various stakeholders until 22nd January as part of the Article IV consultation process.

Meanwhile the Ministry of Finance on Wednesday signed a Memorandum of Understanding (MoU) with the Chartered Institute of Purchasing and Supply (CIPS) to launch the CIPS Practitioner Level Diploma in Procurement and Supply 2025, a leading initiative designed to strengthen national competencies, drive innovation in the government sector, and boost the UAE’s global competitiveness.

The MoU aims to launch the CIPS Practitioner Level Diploma in Procurement and Supply 2025, a leading initiative designed to strengthen national competencies, drive innovation in the government sector, and boost the UAE’s global competitiveness.

Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, signed the MoU with Sam Achampong, Regional Director for the Middle East, Africa, and Asia Pacific at the Chartered Institute of Procurement & Supply (CIPS).

The signing ceremony was attended by Mariam Mohammed Al Amiri, Assistant Undersecretary for the Government Financial Management Sector, Azza Ali Aljassmi, Director of the Government Communication Department, Amna Hassan Alshamsi, Director of Financial Policies and Government Accounting Standar, as well as other senior officials from the Ministry and CIPS.

The agreement falls under the umbrella of the ministry’s strategic vision to achieve excellence in public finance and sustainable development and foster proactive partnerships.

New Horizons H.E. Younis Haji AlKhoori stated: “The Ministry of Finance is committed to adopting a forward-thinking vision that not only drives excellence in public finance but also promotes sustainable development on a global scale.

Our collaboration with CIPS opens up new opportunities to develop national competencies through advanced educational programs that enhance government performance and competitiveness. We are committed to equipping government employees with the tools to apply global best practices in procurement, ensuring the efficient use of resources and delivering added value to the government sector.” AlKhoori added, “The launch of the CIPS Practitioner Level Diploma is a significant step in the right direction towards empowering federal government employees to implement innovative procurement and sourcing strategies that prioritise financial and environmental sustainability.

Abu Dhabi: The MoU aims to launch the CIPS Practitioner Level Diploma in Procurement and Supply 2025, a leading initiative designed to strengthen national competencies, drive innovation in the government sector, and boost the UAE’s global competitiveness.

Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, signed the MoU with Sam Achampong, Regional Director for the Middle East, Africa, and Asia Pacific at the Chartered Institute of Procurement & Supply (CIPS).

The signing ceremony was attended by Mariam Mohammed Al Amiri, Assistant Undersecretary for the Government Financial Management Sector, Azza Ali Aljassmi, Director of the Government Communication Department, Amna Hassan Alshamsi, Director of Financial Policies and Government Accounting Standar, as well as other senior officials from the Ministry and CIPS.