The Ministry of Finance (MoF) has concluded a number of meetings with representatives from the UAE’s national banks discussing the preparations for the upcoming meeting in Washington DC set to take place on October 11, 2013, at the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (October 11-13, 2013).

The meeting shed light on the progress of the preparations for the planned reception ceremony which will attract finance ministers of the participating countries in the annual meetings, global central bank governors, heads of international financial institutions, investment institutions representatives as well as numerous international delegations.

The ceremony aims to promote the financial and banking sector in the UAE through introducing visitors to the country’s national banks and the important role they play in achieving sustainable development for the UAE. The event will also serve as the optimal platform to promote the UAE’s banking sector to investors and for highlighting the sector’s ability in facing financial challenges and managing times of crises through committing to the application of international standards.

Commenting on the upcoming meeting, HE Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF said: “The upcoming event reflects the Ministry’s commitment to further developing its relations with financial and banking institutions in the UAE and to attract more foreign investments to the UAE, which in turn enhances the our position on the global investment map.”

HE added: “The Ministry adopts strategic goals and objectives which reflect its belief in the importance of partnering with various economic sectors in the UAE, which in turn opens the door to funding and credit prospects helping in promoting the strategy of sustainable development adopted by the federal government.”

The upcoming meeting follows MoF’s successful event last year in Tokyo. The ceremony will witness the participation of representatives from National Bank of Abu Dhabi (NBAD), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB), Commercial Bank of Dubai (CBD), Dubai Islamic Bank (DIB), Abu Dhabi Islamic Bank (ADIB), Union National Bank (UNB), Al Hilal Bank, National Bank of Fujairah (NBF), Investment Bank and Hilal Bank.

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