IMF and World Bank Annual Meetings Begin in Bangkok
The annual gathering of international financial institutions is convening in Thailand after 35 years to evaluate the priority agenda items of the global financial system.
The annual meetings of the IMF and the World Bank, established after the Second World War, are taking place from October 12-18 in Thailand's capital, Bangkok, with more than 10,000 participants.
Details of the Bangkok Gathering
The annual meetings of the International Monetary Fund and the World Bank, held every year in October, are taking place in Thailand again after a 35-year hiatus.
Finance ministers, central bank governors, and academics from over 190 member countries are participating in the organization, which is being held in both in-person and online formats.
Main Theme and Agenda
Within the framework of the main theme determined by the host country, critical topics such as economic growth, fiscal sustainability, financial stability, and poverty reduction are being addressed.
The events are being implemented this year under the theme of Thailand's New Horizons: Empowering People and Building Resilience.
Critical Committee Meetings
The Development Committee Meeting is taking place on October 15, while the International Monetary and Financial Committee Meeting is being held on October 17.
The G20 Finance Ministers and Central Bank Governors Meeting is also bringing participants together on October 15.
Key Reports to be Published
The World Economic Outlook Report and the Global Financial Stability Report, prepared by the IMF, are being shared with the public on October 13.
The Fiscal Monitor Report is being published on October 14, shedding light on the current state of the global economy.
Current Risks to the Economy
Energy costs, inflation concerns, and high debt ratios are among the main topics laid on the table during the meetings.
Additionally, the impacts of artificial intelligence on the economy are in the focus of global financial leaders.