Global growth remains subdued, with the pace of investment and trade softening, and downside risks persisting due to policy uncertainty, trade tensions, financial volatility, and rising debt. The World Bank Group, in cooperation with the International Monetary Fund, can help emerging and low-income countries bolster potential growth, increase their resilience to shocks, boost domestic revenues, and continue building policy buffers. The two organizations have an important role to play in addressing the increase in debt vulnerabilities, and they can help countries meet a range of challenges to the international financial system, including tackling corruption.
Watch the events below live
October 18, 2019
October 19, 2019
If you can’t be at the Meetings in person, we’ve got you covered with World Bank Live, the World Bank’s digital platform for live-streaming and engaging with global audiences. Block out time now to watch our events live, and in case you miss it, you can still catch up with your favorite events on our events recap page or watch a replay. Don’t forget to tune in to our Global Voices interviews with top-notch global development influencers, as well as our short 30-second challenge videos with experts sharing their knowledge on all things global development.
Nearly 1.1 billion people escaped extreme poverty between 1990 and 2015, thanks to broad-based economic growth and inclusive approaches to development. But progress is stalling, and we face an urgent challenge; today, one in 10 people still live in extreme poverty.
To boost action and accelerate progress towards tackling development challenges and reducing extreme poverty, delegates from our member countries, observer organizations, civil society, private sector, and media will convene at the 2019 Annual Meetings of the World Bank Group and the International Monetary Fund (IMF).
This year’s events will take place in Washington, D.C. from October 14-20, 2019.
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.