Regional and International Partnerships and Agreements
Consolidating Financial and Economic Ties
The Ministry of Finance (MoF) has established strong partnerships with regional and international ministries and organisations to elevate the UAE’s global economic position, support sustainable development, and enhance international competitiveness. These strategic alliances span across GCC cooperation, Gulf Economic Integration, the Gulf Common Market, and various international investment and financial initiatives with leading global institutions.
Strengthening the UAE’s Financial, Economic and Commercial Ties
The MoF is committed to building strategic international partnerships to strengthen the UAE’s financial, economic, and commercial ties with international and regional organisations, development funds, and economically advanced countries with knowledge-driven expertise.
The International Financial Relations and Organisations Department, reporting to the Assistant Undersecretary for the International Financial Relations Sector, is responsible for:
- Coordinating the UAE’s participation in joint economic commissions
- Developing proposals and mechanisms to promote international financial relations
- Monitoring the implementation of recommendations and agreements
- Drafting and managing international memoranda of understanding (MoUs) to bolster the UAE’s financial standing
- Strengthening financial and economic cooperation with countries, financial institutions, organisations, and development funds
- Coordinating international aid programmes and collecting data on aid and donations granted by the UAE, in collaboration with relevant authorities
- Supporting the UAE’s global competitiveness through financial diplomacy and engagement
Objectives of Partnerships
UAE Engagement in Global Financial Platforms
The MoF works to strengthen the UAE’s international presence through active participation in major regional and global financial institutions and initiatives, including the International Monetary Fund, the World Bank Group, the OPEC Fund for International Development (OFID), the Deauville Partnership to Support Economic Reforms in Arab Countries, the International Fund for Agricultural Development (IFAD), and the Global Forum on Transparency and Exchange of Information.
Regional and International Organisations Hosted in the UAE
- Office of the International Bank for Reconstruction and Development (IBRD)
- International Finance Corporation (IFC)
- International Centre for Biosaline Agriculture (ICBA)
- International Islamic Centre for Reconciliation and Arbitration (IICRA)
- Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
- Arab Monetary Fund (AMF)
- Regional Office of the Arab Authority for Agricultural Investment and Development (AAAID)
- OECD Regional Centre for the MENA Region
- Branch of the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank Group
- OPEC Fund for International Development (OFID)
- International Fund for Agricultural Development (IFAD)
- Global Forum on Transparency and Exchange of Information