World Bank Group
International Monetary Fund Washington D.C.
April 17-19, 2015
Financing the Future of Development
The Spring Meetings are over, but a pivotal year in development has only just begun. Achieving future development goals will require a “transformational vision that combines all potential sources of financing,” including official development assistance, public, and private sources of funds, said the Development Committee in a communiqué at the close of the meetings.
Take Steps to Lift Growth Now and in Future, says IMF Policy Body
Against a backdrop of moderate and uneven global growth, the IMF’s policy-steering body – the International Monetary and Financial Committee – called for measures to boost growth, create jobs, and prevent a period of prolonged low growth from taking hold.
World Bank Group President Jim Yong Kim chaired a roundtable, including IMF Managing Director Christine Lagarde, at which the heads of state of Guinea, Liberia, and Sierra Leone presented their Ebola recovery plans.
2015 is a pivotal year for international development. The international community is coming together to adopt a new set of Sustainable Development Goals (SDGs) to build on the progress achieved under the Millennium Development Goals (MDGs) and to agree on options for sustainably financing the SDGs.
2015 is a landmark that will define the global development agenda for the next 15 years. What will it take to finance development in the post-2015 world? Jim Yong Kim, Ban Ki-moon, Min Zhu, and other leaders discussed the question in a live webcast.
Global growth remains moderate, with uneven prospects across the main countries and regions. The interview focused on concrete steps policy makers can take to jumpstart growth and overcome the ‘new mediocre’, taking into account the differing circumstances among countries.