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IMF & World Bank Spring Summits Start

Collins Ndlovu:

Washington: The International Monetary Fund and World Bank summits have started in Washington DC, where it will focus on global economic growth taking place from 16-22 April 2018.

The Spring Meetings of the Boards of Governors of the International  Monetary Fund (IMF) and the World Bank Group (WBG) bring together central bankers, ministers of Finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss these issues.

These global issues concerns including the world economic outlook, poverty eradication, economic development and aid effectiveness.

Some factors include seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system.

The Boards of Governors of the  International Monetary Fund (IMF) and the World Bank Group (Bank) normally meet once a year to discuss the work of their respective institutions.

The Annual Meetings, which generally take place in September/October, have customarily been held in Washington for two consecutive years and in another member country in the third year.

The Inaugural Meeting of the Boards of Governors was held in Savannah, Georgia, the USA in March 1946, where the first Annual  Meetings were held in Washington in 1946.

The high number that Annual Meetings bring such large number of member country officials together, they provide opportunities for consultations large and small, formal and informal discussions.

The summits are expected to end on the 22 April 2018 whereby all member states are expected to attend and discuss issues on how to stimulate growth.

 

 

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