The World Bank Group has officially opened its first office in Doha, signalling a deeper partnership with Qatar and a stronger focus on development, investment and support for vulnerable economies across the region.
The new office, inaugurated on Sunday, marks a key moment in the expanding relationship between the World Bank Group and Qatar, reflecting the country’s rising influence in international development and financial cooperation.
Based at the headquarters of the Qatar Fund for Development (QFFD) and supported by the Ministry of Finance, the Doha office is set to operate as a regional hub, bringing together public and private stakeholders to advance development financing and economic growth.
Strengthening a Strategic Partnership
Speaking at the opening ceremony, World Bank Group President Ajay Banga said the move reflects shared priorities and a commitment to closer collaboration. He stressed the importance of building a stronger partnership with Qatar, both to support growth in neighbouring countries and to encourage private capital to flow into emerging markets.
Banga noted that discussions during his visit went beyond government cooperation, focusing as well on expanding ties with financial institutions and development partners across Qatar to maximise regional impact.
A Hub for Regional Cooperation
For Qatar, the new office carries both symbolic and practical importance. Minister of Finance H.E. Ali bin Ahmed Al-Kuwari described it as a milestone in a long-standing relationship, saying it highlights how far cooperation between Qatar and the World Bank Group has progressed.
He added that the office is expected to contribute to Qatar’s economy and national development goals, particularly through capacity building, skills development and training opportunities for young Qataris.
The Doha office brings together several arms of the World Bank Group, including the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), allowing for closer coordination on development projects, risk management and private investment.
Unlocking Investment in Fragile Economies
The opening also coincided with the signing of a memorandum of understanding between QFFD and the World Bank Group, aimed at strengthening advisory services and exploring innovative financing solutions, especially for fragile and conflict-affected countries.
According to Rwodah Ibrahim Al Naimi, Director of Investments at QFFD, the collaboration is designed to attract private sector investment to areas where capital is scarce. By combining public funding with World Bank tools such as guarantees, the partnership aims to support small and medium-sized enterprises, create jobs and deliver more sustainable economic outcomes in challenging environments.
