Dubai: The Managing Director of the International Monetary Fund (IMF), Christine Lagarde (pictured), will be on her first official visit to the United Arab Emirates this week and is expected to meet with senior political and economic figures. During her visit, Lagarde will meet with senior political and economic figures in the UAE, the UAE daily reported.
The UAE joined IMF as a member under the federal decree No 40 for the year 1972.
In October 2015, the International Monetary Fund in its report highlighted that the national economy is growing at a rate twice faster that the eurozone.
The Fund stated that the UAE witnessed a steady economic growth path with the help of the financial and monetary stability led by the Ministry, and its commitment to strengthen the country’s position in the region and across the world.
The report highlighted that at a time when the world is witnessing a decline in oil prices by more than 60 percent, the financial policies adopted by the UAE Ministry of Finance, which focus on reducing dependence on oil sectors by 30 percent over the past decades, worked on providing an appropriate environment for the expansion of the productive base by increasing dependence on non-oil sectors. QNA
