Estonia to participate in the Spring Meetings of the International Monetary Fund and the World Bank
Madis Müller, Governor of Eesti Pank, and Märten Ross, Counsellor for External Relations at the Ministry of Finance and Alternate at the World Bank, will attend the spring meetings of the International Monetary and Financial Committee (IMFC) of the International Monetary Fund (IMF) and the Development Committee of the World Bank on 18–23 April in Washington.
The meetings will focus on how Russia’s invasion of Ukraine will affect the global economy and additional ways to support Ukraine, and on global energy and food security at a time of rising prices. The World Bank will present new proposals to member states for ways to support and rebuild Ukraine. The meetings will also discuss how to reduce the risks for the poorest countries from excessive debt burdens.
Global problems like climate change, poverty and inequality, the ongoing pandemic, and a possible debt crisis in the poorest countries have worsened, but the war started by Russia has made it even harder to deal with them. International cooperation between member states is very important, since global challenges affect everyone, and they must be handled jointly.
The Estonian representatives together with those of other Nordic and Baltic countries will meet the Ukrainian Minster of Finance during the Spring Meetings. Member states will also be addressed over videolink by Ukrainian President Volodymyr Zelensky. After that, meetings are planned with representatives of the US Treasury Department and the Federal Reserve, and senior officials from the World Bank and the IMF.
The meetings of the IMF and the World Bank are held twice a year and bring together high-level delegations from all the countries of the world to discuss key economic and financial questions and coordinate global economic policy.
For the schedule of the meetings, see the IMF website: https://meetings.imf.org/en/2022/Spring.
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