Weak Global Economy Tops Agenda at IMF-World Bank Gathering
IMF Blog, September 19, 2011
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Bibliographic details
- Authors: iMFdirect
- Published: September 19, 2011
Context and timing
- Recent turbulence in financial markets and increased risks in the global economy mean that the 2011 Annual Meetings of the IMF and World Bank are taking place at a critical time for the global economy.
- The IMF’s updated forecast for the world economy will be published September 20.
- About 10,000 policymakers, private sector and civil society representatives, journalists, and academics are expected to attend the Annual Meetings, which are set to take place on September 23–24.
Key concerns highlighted
- "There is widespread concern that the global economic recovery is losing momentum ... ministers and central bank governors will come to these meetings with that concern uppermost in their minds."
- Focus on assessing the state of the world economy and discussing the policy actions needed to deal with today’s global economic challenges.
IMF priorities and actions
- The Fund aims to facilitate discussion of the causes of the problems and the solutions.
- Plans to present ideas on how to improve surveillance further, make it more relevant, and make it as interconnected as the world economy.
- Emphasis on collective action: "Policymakers from 187 countries will be coming together ... formulating and taking forward collective actions—actions by the entire membership—to impart momentum to the global economic recovery."
Participation and formats
- Economic leaders will come together to assess the state of the world economy and discuss policy actions.
- Reza Moghadam, Director of the IMF’s Strategy, Policy, and Review Department, discusses issues likely to receive most attention at the meetings in an interview (full interview and video referenced).
Source: iMFdirect, September 19, 2011