The World Governments Summit Organisation and the International Finance Corporation have signed a new Memorandum of Understanding to expand their strategic collaboration through joint initiatives in the UAE and around the world.
The agreement was signed by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and Vice-Chair of the WGS Organisation, and Makhtar Diop, Managing Director of the IFC. The ceremony took place in the presence of Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Mohammed Yousef Al Sharhan, Managing Director of WGS.
The renewed partnership aims to advance joint projects that promote global investment and development, including the Annual Investment Forum for Latin America and the Caribbean, to be hosted during the World Governments Summit in February 2026. The forum will bring together policymakers, entrepreneurs, and industry leaders to highlight investment prospects and foster international cooperation.
Al Olama said the MoU extends a successful partnership focused on identifying high-potential sectors that drive economic progress and sustainable growth. He added that WGS remains dedicated to building partnerships that empower governments and organisations to meet global challenges and prepare for the future.
Diop noted that the collaboration connects “capital with opportunity,” building new investment corridors between the GCC and emerging markets, starting with Latin America and the Caribbean. He highlighted IFC’s role in mobilising capital and managing risk to unlock investment opportunities across the Global South.
The MoU builds on the partnership established in 2022, reinforcing both organisations’ commitment to fostering innovation, sharing expertise, and advancing sustainable development worldwide.
News Source: Emirates News Agency
