IMF, World Bank annual meetings to kick off Monday

The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October.

The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.

The autumn meetings are scheduled to be held from Washington virtually for the second time in a row as a result of the pandemic.

The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

They are also expected to include seminars, regional briefings, press conferences, and other events focused on the impact of COVID-19 on the global outlook, the pathway to recovery, and developments in the international financial system.

Given that the ongoing crisis has hit the global economy, the meetings will witness the release of the global economic outlook report after revisiting it from June’s edition, in light of the recent updates.