CBUAE strengthens Asian financial ties at IMF-World Bank meetings in Bangkok

The Central Bank of the UAE (CBUAE) concluded a series of bilateral meetings with the Bank of Korea and the Monetary Authority of Singapore (MAS) on Friday, 16 October, as part of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok. Strengthening Asian financial ties The discussions, held during the week-long summit running from 12 to 18 October, focused on enhancing cross-border financial cooperation and exploring joint development opportunities. The CBUAE delegation met with representatives from South Korea and Singapore to exchange technical expertise on market stability and supervisory frameworks. The meetings coincide with a period of heightened international focus on the UAE’s financial infrastructure. During a panel session titled "Under Pressure: Building Resilient Financial Systems in a Fragmenting World," global regulators cited the UAE’s financial system as a model for adapting to rapid shifts in global market structures and geopolitical fragmentation. Global recognition for resilience Sophie Sirtaine, Global Director of Financial Services at the World Bank, and Stefan Ingves, Chair of Toronto Centre and former Governor of Sveriges Riksbank, both credited the UAE with developing robust supervisory frameworks. The officials noted that the UAE’s approach to risk anticipation provides a template for other nations facing mounting climate-related vulnerabilities and cyber threats. The summit also addressed the systemic…