Estonia is to participate in the Annual Meetings of the International Monetary Fund and the World Bank

Eesti Pank Governor Ardo Hansson and representatives of Eesti Pank and the Ministry of Finance will attend the Annual Meetings of the International Monetary Fund (IMF) and the World Bank on 11–13 October in Washington. The main subjects of the Annual Meetings will be the outlook and risks for the global economy and the strategic priorities of the IMF and the World Bank for the next half year.

The IMF meetings will mainly discuss the situation in the global economy and financial markets and the possible next measures for economic policy. Although the outlook for the global economy is improving, it is important to continue with determined efforts to stabilise global growth and financial systems. The Annual Meetings will focus particularly on medium-term policies to support growth.

The Development Committee of the World Bank will discuss how the bank and its units can contribute better to poverty reduction with limited capital. The World Bank is planning reforms for this that would allow clients to access financing and advice faster and more efficiently, especially during crises.

Estonia is represented at the Annual Meetings by Eesti Pank Governor Ardo Hansson and Deputy Governor Madis Müller and by Vice Chancellor of the Ministry of Finance Ivar Sikk. Other experts from the central bank and the ministry will also attend. During their visit, the Estonian representatives will meet the management of the IMF and representatives of the World Bank and other international institutions. The goal of these meetings will be to discuss the economic developments and financial stability of Estonia and the euro area, and policies to support fiscal sustainability.

The full programme for the annual meeting can be found on the IMF website.

For further information:
Ingrid Mitt
Public Relations Office
Eesti Pank
Eurosystem
Tel: 668 0965, 512 6843
Email: ingrid.mitt [at] eestipank.ee
Press enquiries: press [at] eestipank.ee

Liisi Poll
Public Relations Office
Ministry of Finance
Tel: 611 3049, 5783 1881
www.fin.ee