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Kharbash discusses Arab partnership with World Bank Chief

posted on 27/04/2004: 751 views

Dr. Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs, yesterday held a meeting in Washington with the World Bank President, James Wolfensohn, on ways of boosting partnership between the Arab countries and the World Bank. This meeting, Bin Kharbash said, which was held at the Bank headquarters, came as an initiative from the UAE in order to follow up what was agreed upon during the meeting of Arab Financial Ministers and the World Bank, which was held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank in Dubai last September.

Bin Kharbash added that the Arab countries are looking forward to enhance partnership with the World Bank, increase volume of loans and technical assistance, activate the role of the international financing institution and increase the volume of its operations for the private sector in the Arab countries. He also stressed the importance of holding such regular meetings between Arab financial ministers and World Bank Chief, creation of a follow up mechanism and evaluation of joint agreements. (The Emirates News Agency, WAM)


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