Debt Standoff At IMF, World Bank Spring Meetings

Delegates waiting to enter the World Bank and IMF Spring Meetings taking place this week in Washington DC. Image: Daniel Slim/AFP

Finance ministers from around the world have descended on Washington DC for the World Bank and International Monetary Fund’s Spring Meetings. The Chinese government has confirmed that a top-level Chinese delegation will attend in person — the first time since the COVID pandemic.

The big headline from this gathering is expected to be a gloomy forecast for the world economy. Last week, IMF Managing Director Kristalina Georgieva predicted 3% global growth for the next five years – the lowest projection since 1990.

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by Cobus van Staden

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