VP, World Bank President discuss global economic, financial challenges

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, took stock of a wide range of global financial and economic issues during his talks with Dr. Jim Yong Kim, President of the World Bank Group, on the sidelines of the World Government Summit, WGS, in Dubai on Monday.

The duo also discussed the World Bank’s assistance for poor countries through loans and grants, extended for developmental projects that serve their people, help generate job opportunities and secure decent living standard.

The World Bank President said that the topics under discussion during the WGS, particularly those dealing with health and education sectors, are important. He indicated that the World Bank, in its capacity as a key partner of the WGS, is constantly co-ordinating with its president regarding certain arrangements to implement health and educational projects in the region and beyond.

Kim lauded His Highness' dialogue on reviving civilisation in the Arab world on Day 1 of the WGS in which he asserted that women can play an active and positive role in development and management. He also affirmed his belief in engaging the youth.

He praised the special attention His Highness Sheikh Mohammed bin Rashid pays to these two social groups in the Arab world in general, and in the UAE in particular.

Others who attended the meeting were H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of the Emirates Group; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Foundation; H.H. Sheikh Mansour bin Mohamed bin Rashid Al Maktoum; Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future; Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs; Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, and a number of senior officials.