WASHINGTON, Oct 5 — The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at their upcoming annual meetings in Morocco next...
Worried Najib and Rosmah may go off scot-free, civil societies call for moratorium on DNAA and acquittals until AG's dual roles split
It will be the first such event to take place on the African continent for half a century, and will focus on building economic resilience, securing structural reforms and reinvigorating global cooperation, according to the IMF.To kick things off, IMF Managing Director Kristalina Georgieva will give a speech today in the city of Abidjan in Ivory Coast, outlining her policy priorities for the upcoming meetings.
The Fund is also looking to replenish popular concessionary lending facilities for low- and middle-income countries which have been exhausted by the pandemic and the war in Ukraine. He added that proposals to reform the World Bank’s balance sheet from countries including the US and Saudi Arabia could add as much as US$125 billion in extra lending capacity if they come to pass.
Even if these changes come about, they will likely be insufficient to meet the scale of funding needed for the climate transition.
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