World Bank-IMF Annual Meetings 2016 Development Committee Communiqué

Press Release; October 8th, 2016

1. The Development Committee met today, October 8, in Washington, D.C.

2. Global economic growth remains sluggish in 2016, with only a modest pick-up expected in 2017. Demand has remained soft despite highly stimulative monetary policies, foreign direct investment to developing countries has decreased, commodity exporters are adjusting to declines in exports, and wider geopolitical and economic uncertainties are weighing on confidence. We call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly with countries to enhance synergy among monetary, fiscal and structural reform policies, stimulate growth, create jobs, and strengthen the gains from multilateralism for all.

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Recap: Annual Meetings 2016

This year’s World Bank/IMF Annual Meetings focused on issues of multilateralism, addressing inequality, focusing on early childhood development, improving opportunities in fragile situations, and finding new ways to leverage private financing for development. Catch up on what you may have missed. Watch replays and read our event recaps

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