Today: 10 May 2025
24 March 2022
1 min read

‘UAE is a prime example of an economic miracle’

The UAE is a “prime example of an economic miracle”, said Marcos Troyjo, President of the New Development Bank, while speaking at the fourth edition of the Global Business Forum Latin America (GBF LATAM) 2022, which kicked off in Dubai…reports Asian Lite News

In a session titled ‘New Priorities for the Post-Covid World’, Troyjo explored the key areas of reform that are necessary to combat the challenges of income inequality, poor health and education provision facing Latin American and Caribbean countries, and the role that trade with markets like UAE can play in advancing those priorities.

“One of the most dynamic frontiers for infrastructure investment over the next decade will take place in Latin America,” asserted Troyjo. “It’s only natural that economies such as the UAE will have its eyes set on those dynamic prospects.”

He noted that the World Development Bank is tasked with mobilising resources for infrastructure and sustainable development projects in Brazil, Russia, India, China and South Africa (BRICS), as well as other emerging economies and developing countries.

The organisation recently welcomed the UAE as its latest member, in line with its commitment towards global growth and development and in recognition of the country’s commendable capabilities and expertise in supporting infrastructure projects and sustainable development.

ALSO READ: UAE pledges $85 million for Ethiopia relief

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, GBF LATAM 2022 is organised by Dubai Chamber of Commerce in partnership with Expo 2020. The event bears the theme Towards a Resilient Future and supports Dubai Chamber of Commerce’s flagship Global Business Forum series.

GBF LATAM 2022 is the third forum of its kind to be held during Expo 2020 Dubai, with GBF Africa held in October and the first-ever GBF ASEAN hosted in December.

Previous Story

Saudi, US air forces conclude joint drill

Next Story

Capital Club Dubai Celebrates 14th Anniversary

Latest from -Top News

Rajasthan Returns to Dubai

This year, the Rajasthan Tourism Board set up their stand at ATM Dubai stage 2025—its first appearance in 15+ years. Under the stewardship of Additional Director Mr. Anand Tripathi, Department of Tourism,

UAE, Uganda forge closer ties 

President of Uganda received H.H. Sheikh Abdullah bin Zayed; both countries have deepened ties with strategic agreements in energy, investment and digital innovation  In a significant diplomatic engagement aimed at expanding bilateral

Macron backs Syria sanctions shift 

 Diplomatic outreach, sanctions, reconstruction, and sectarian unrest shape Syria’s complex new chapter.  In a landmark visit signalling Syria’s first re-engagement with a European capital in over a decade, French President Emmanuel Macron

Singapore lauds UAE field aid

A Singaporean delegation visited the UAE Floating Hospital in Al-Arish, where they toured its various departments and were briefed on the medical and humanitarian services provided to patients arriving from the Gaza

Leaders hail new Pope

The UAE President expressed hope that the pontiff’s tenure would advance global harmony, peace, and interfaith understanding President His Highness Sheikh Mohamed bin Zayed Al Nahyan has extended warm congratulations to Cardinal
Go toTop

Don't Miss

EU revises vaccine export system

The principle of reciprocity will be applied to non-EU countries

UAE, Turkey accelerating trade cooperation

Sheikh Abdullah affirmed the UAE’s keenness to advance cooperation with