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April 10, 2023

International Monetary Fund (IMF) is hosting the 2023 Spring Meetings in Washington, DC, from April 10 to April 16

IMF Washington

Photo: IMF economists participate in a Capacity Development Talk titled “Digital Money: Building Capacity for a Virtuous Circle” moderated by Eva-Maria Graf at the International Monetary Fund Headquarters, Washington, DC. April 11, 2022. IMF Photo/Cory Hancock. (File Photo)

IMF Washington

Photo: IMF Managing Director Kristalina Georgieva participates in a meeting at the Global Center on Adaptation, Rotterdam, Netherlands. September 5, 2022. IMF Photo/Eric Kampherbeek. (File Photo)

Washington, DC, April 08, 2023 — The IMF is preparing to host thousands of delegates and media at the 2023 Spring Meetings in Washington, DC.

In her Spring Meetings Curtain Raiser speech, the Managing Director of the IMF, Kristalina Georgieva, said that despite surprisingly resilient labor markets, strong consumer demand, and the uplift in China, the world economy might grow less than 3% this year. However, to brighten growth prospects, three themes that need to be addressed are fighting inflation and safeguarding financial stability, improving medium-term opportunities for growth, and fostering solidarity to reduce global disparities.

“Central banks should continue to use interest rates to fight inflation while using financial policies to ensure financial stability,” said Georgieva, speaking to a packed room of diplomats at Meridian International Center in Washington.

On fostering solidarity to reduce global disparities, Georgieva said that the IMF had provided nearly $300 billion in new financing for 96 countries since the start of the Covid pandemic.

The IMF and World Bank will jointly host the meetings of the world’s finance ministers, central bankers, civil society organizations, parliamentarians, and nearly 600 journalists.

The 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will occur from Monday, April 10 to Sunday, April 16, in the WBG and IMF headquarters in Washington, DC.

Source: IMF


— The editor holds IMF Washington DC’s distinguished Academic Certificate in Financial Market Analysis. StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 7:37 AM | Link to this Post

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