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Annual Meeting Of World Bank And IMF To Start In Washington

21/10/2024 02:51 PM

WASHINGTON, Oct 21 (Bernama-dpa) -- The International Monetary Fund (IMF) and the World Bank are due to start their annual meetings on Monday in the US capital, Washington.

The meetings bring together finance ministers, representatives from the financial sector and development cooperation, as well as central bankers, reported German news agency dpa.

The discussions, set to run until Sunday, are expected to address, among other issues, a looming debt crisis in lower-income countries, climate change, and poverty alleviation. 

As part of the meeting, the IMF also plans on Tuesday to present a new forecast for future growth in the global economy. 

IMF head Kristalina Georgieva said last week that the outlook for the world economy in the medium term is "lacklustre - not sharply lower than pre-pandemic, but far from good enough."

Participants from Germany include Finance Minister Christian Lindner and Bundesbank President Joachim Nagel.

--BERNAMA-dpa


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