Safaa El-Kogali, Country Director for Gulf Cooperation Countries at the World Bank, praised the UAE’s proactive efforts in addressing global climate challenges, emphasizing the importance of “greater and more coordinated financing.”
Speaking at the 7th Abu Dhabi Sustainable Finance Forum (ADSFF), held as part of Abu Dhabi Finance Week, El-Kogali highlighted the World Bank’s commitment to advancing the 2030 Agenda for Sustainable Development.
Strengthening UAE-World Bank Collaboration
El-Kogali commended the ongoing partnership between the World Bank and the UAE, referencing their collaborative work on the Global Climate Finance Centre, co-founded during COP28.
“I am proud of our partnership with the UAE and the Global Climate Finance Centre,” she said. “Later today, we will be signing an MOU with the Climate Finance Center to further realize this mission.”
Supporting Global SDG Efforts
The World Bank Group (WBG), she noted, is committed to supporting countries in achieving the Sustainable Development Goals (SDGs) through partnerships with multilateral development banks, the private sector, and governments like the UAE.
El-Kogali outlined the World Bank’s key focus areas in addressing global challenges, including:
-Poverty Reduction
-Healthcare and Education
-Clean Energy and Climate Action
-Job Creation
Building a Sustainable Future
The World Bank Group provides financial resources, technical expertise, and policy advice to help countries create measurable, tangible improvements in people’s lives.
“We are dedicated to building a sustainable future for all,” El-Kogali stated, reaffirming the World Bank’s commitment to tackling global challenges through coordinated action.
The address underscored the UAE’s leadership in climate finance and the pivotal role of partnerships in driving global sustainability initiatives.
