World Bank, IMF annual meeting to start in Washington

Overshadowed by international crises, the International Monetatry Fund (IMF) and the World Bank annual meeting is due to start on Monday in the U.S. capital, Washington.

The meeting is to bring together finance ministers, representatives from the financial sector and development cooperation, as well as central bankers.

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.

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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 was lackluster, not sharply lower than pre-pandemic, but far from good enough.

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