Every October, the World Bank Group and International Monetary Fund (IMF) come together for our joint Annual Meetings. There, in the quest to End Poverty.
These discussions, covering dozens of sectors in every region of the world, offer many innovative solutions that affect millions – if not billions – of people globally. Looking back, all the small gains from many initiatives from 1990 to 2013 led to a reduction of global extreme poverty of more than one billion people.
It was ten years ago, right before the global crisis when Lehman Brothers had not collapsed, and Fannie Mae and Freddie Mac had not been placed into conservatorship. For debt managers, the markets were less volatile and the future was less uncertain. In Turkey we were dealing with the implementation of the post-crisis reform agenda.
One day, I got an invitation from my son’s eighth-grade teacher to speak at the school’s “careers day” which aims educate children on different types of jobs. I accepted the invitation but I was a little worried because, as a debt manager I have a “different type of job” that was not necessarily an “exciting” one.
The Development Committee is scheduled to meet on Monday, October 5.
The committee is a forum of the World Bank and the International Monetary Fund that facilitates intergovernmental consensus-building on development issues. Its mandate is to advise the Boards of Governors of the Bank and the Fund on critical development issues and on the financial resources required to promote economic development in developing countries.
At their meeting, the Development Committee will review the Bank's financial capacity to provide assistance to countries coping with the economic crisis and beyond, and discuss the issue of "voice" (ensuring people from all parts of the world have a say in key issues that affect them).
You might be noticing a few changes over here on the World Bank Meetings Center over the next few days — the elements around the main blog post area are slowly changing in preparation for the Annual Meetings.
The Annual Meetings are being held in Istanbul in early October, and over the next few weeks, we'll be bringing you updates about the run-up to the Meetings, as well as updates from Istanbul and the Meetings themselves.
Yesterday, the IMF and the World Bank released the 2009 Global Monitoring Report, saying that the global financial crisis is imperiling attainment of the 2015 Millennium Development Goals (MDGs) and creating an emergency for development.
Justin Lin, World Bank Chief Economist, spoke about the crisis at the launch of the report:
"Worldwide, we have an enormous loss of wealth and financial stability. Millions more people will lose their jobs in 2009, and urgent funding must be provided for social safety nets, infrastructure, and small businesses in poor countries, for a sustainable recovery."
For more information:
Welcome to the World Bank Meetings Center!
This space provides links and inside access to the information, ideas, and issues being discussed at various events such as the IMF and World Bank spring and annual meetings.
Spring Meetings 2009
Each Spring, the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee hold meetings to discuss progress on the work of the Fund and Bank.
We're launching this site a week before the Spring Meetings begin so that we can start providing you with some original content that will let you take a look at the important issues that are being discussed over the nex week. In the next few days, expect coverage of major Meetings-related events, photos and videos from the proceedings, and even various ways for you to get involved and have your say.
We're looking forward to an exciting few days ahead, and even more excited to be able to share these events with you.