Sanusi, Iweala, others gather in Washington for World Bank/IMF Summit

The meeting will take place in Washington DC.

The Governor of the Central Bank of Nigeria, Lamido Sanusi; the Finance Minister, Ngozi Okonjo-Iweala; and their counterparts worldwide are expected to converge on Washington DC for the 2013 Spring Meetings of the World Bank/International Monetary Funds.

Mr. Sanusi and Ms. Okonjo-Iweala are among the speakers that will deliver lectures at the Spring Meetings which will take place at the World Bank Secretariat in Washington DC, USA.

Thousands of government officials, journalists, civil society organizations, and invited participants from the academia and private sectors will gather for meetings of the joint World Bank-IMF Development Committee and the IMF’s International Monetary and Financial Committee, which discuss progress on the work of the World Bank and the IMF.

Also to feature are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial markets.

Part of such side event is an interactive debate that will take place on the eve of Spring Meetings and it will bring together world leaders, opinion makers, and a global online audience to discuss what it takes to end poverty in the world.

This interactive conversation on ending poverty is co-organized by the World Bank Group President, Jim Yong Kim, and United Nations Secretary-General, Ban Ki-moon.

The Boards of Governors of the World Bank Group (Bank) and the Boards of Governors of the International Monetary Fund (IMF) 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 Annual Meetings occur ahead of the meetings of the International Monetary and Financial Committee, the Development Committee, the Group of Ten, the Group of Twenty-Four, and various other groups of members.

At the conclusion of their meetings, the International Monetary and Financial Committee and the Development Committee, as well as several other groups, issue communiqués.

The Annual Meetings will include a day of plenary sessions, during which Governors take up matters of business and consult with one another. At the Annual Meetings, the Boards of Governors make decisions on how current international monetary issues should be addressed and approve corresponding resolutions.

The Annual Meetings are chaired by a Governor of the Bank and the IMF, with the chairmanship rotating among the membership each year. Every two years it elects Executive Directors. Each year, any new members are welcomed into the IMF and the Bank.

The Annual Meetings Program of Seminars is designed to foster creative dialogue among the private sector, government delegates and senior IMF and Bank officials.

Source: Premium Times