Every year at the end of spring as the summer is about to be upon us the Netherlands Embassy World Bank Group and Inter-American Development Bank Liaisons organize the annual networking event “Klompen Cup”. It is a street soccer 4-on-4 tournament, 10 minute games played right outside the embassy. We assemble teams with (Dutch) colleagues from the respective institutions; World Bank Group (WBG), International Finance Corporation (IFC), Inter American Development Bank (IADB), and International Monetary Fund (IMF) to compete for the coveted “Klompen Cup”.
The death toll from Cyclone Idai that ripped into Mozambique, Zimbabwe, and Malawi in March 2019 is now above 1,000, with damages estimated at $2 billion. In 2018, more than 10,000 people lost their lives in disasters (with $225 billion of economic losses). Approximately 79 percent of fatalities occurred in the Asia Pacific region, including the catastrophic earthquake and tsunami in Indonesia’s Sulawesi Island. In fact,
The global outlook foresees a moderate slowdown in economic activity, with lingering downside risks. Global trade growth has weakened, while investment prospects have softened; both of these remain important engines of growth, productivity, innovation, job creation and sustainable development. Debt vulnerabilities persist, and policy uncertainty is weighing on confidence. For developing countries, it is important to adopt growth-enhancing policies while containing risks and protecting the most vulnerable. The World Bank Group, in partnership with the International Monetary Fund, is able to help countries in addressing these concerns.
Did you the miss the Spring Meeting Events?
Each Spring, the Boards of Governors of the World Bank Group and International Monetary Fund (IMF) hold Spring Meetings to discuss a range of issues related to poverty reduction, international economic development and finance. World Bank Live brings #WBGMeetings experience straight to you wherever you are in the world.
Investments in human, social, and physical capital are at the core of sustainable and inclusive growth – and represent an important share of national budgets.
At the World Bank Group we have been at the forefront of the so-called Financing for Development (FfD) agenda to leverage public, private, international, and domestic sources of capital to help reach the global goals. A short primer on our efforts–which builds on the 2015 Development Committee paper Billions to Trillions – Transforming Development Finance–can be found in the brochure entitled Financing for Development at the World Bank Group.
Our 2019 Spring Meetings is just around the corner and it’s time to get organized. Main stage speakers include representatives from top-notch institutions and organizations such as the United Nations, National Geographic, World Trade Organization, Bloomberg, Massachusetts Institute of Technology, among others.
The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) is an event that brings together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
This year’s events will take place in Washington, D.C., April 8-14, 2019.
The 2019 Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund will be convened in Washington, D.C. on Friday, April 12, and will close on Sunday, April 14. The Spring Meetings will feature the joint World Bank Group/IMF Development Committee and the IMF International Monetary and Financial Committee plenary sessions, which discuss progress on the work of the institutions. Other events begin on Monday, April 8, such as seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial markets.
Global economic growth is continuing, but with intensified risks that include policy uncertainty, geopolitical developments, a gradual tightening of financing conditions, and a rise in debt levels and currency volatility. The World Bank Group is helping member countries address these challenges, through a combination of financial assistance and policy advice to promote robust and inclusive economic growth, reduce risks, and foster competitiveness, while strengthening fiscal sustainability and financial resilience.