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Spring Meetings: What’s on the agenda?

Angie Gentile's picture

Development Committee meeting. Photo: © Simone D. McCourtie / World Bank

“Spring Meetings” is the name used to describe a series of events—seminars, roundtables, press briefings and official meetings—spread over five or so days every year and all geared toward one thing: improving the lives of people in the developing world.

Discussions throughout the week focus on a broad range of topics (see meetings and civil society forum schedules) and are in many ways a prelude to the main event—the official meeting of the Development Committee—a group of 24 finance and development ministers appointed by each of the countries, or groups of countries, represented on the Boards of Executive Directors of the Bank and Fund. This year's meeting is set for Sunday, April 25.

The Development Committee meets twice a year and advises the Boards on critical development issues and on the financial resources needed to promote economic development in developing countries. The President of the Bank has a special responsibility to propose topics that he believes require the ministers’ attention.

This year’s agenda, just announced, includes:

  • Strengthening Development after the Crisis: World Bank Group Post-Crisis Directions, Internal Reforms and Financial Capacity
  • World Bank Group Voice Reform: Enhancing Voice and Participation of Developing and Transition Countries in 2010 and Beyond

Zoellick: ‘Spring Meetings a turning point for World Bank’

Angie Gentile's picture

April 22, 2010 - Washington DC., World Bank/ IMF Spring Meetings. World Bank President Robert B. Zoellick, opening press conference. Photo: Simone McCourtie/World Bank.Bank President Robert Zoellick just gave his traditional pre-Spring Meetings briefing to the press, where he talked about a multipolar world economy and how the World Bank is changing to meet the needs of a new reality.

“Economic and political tectonic plates are shifting,” he said. Developing countries are key sources of demand for recovery from the crisis, and “over time, they can become multiple poles of growth.”


 

Zoellick said the Spring Meetings represent a turning point for the World Bank. Over the weekend, the institution’s 186 shareholders will be considering four issues:

  • the first capital increase in more than 20 years
  • whether to give developing countries a bigger say in the running the institution
  • the Bank’s post-crisis strategy, and
  • the most comprehensive reform program in the Bank’s history.

"Agreement on this package of measures, if successful, would represent a multilateral success story,” he said.

 
For more information:

 

Expanding the Bounds

Naniette Coleman's picture

"THEY CAME FIRST for the Communists, and I didn't speak up because I wasn't a Communist.

THEN THEY CAME for the Jews, and I didn't speak up because I wasn't a Jew.

THEN THEY CAME for the trade unionists, and I didn't speak up because I wasn't a trade unionist.

THEN THEY CAME for the Catholics, and I didn’t speak up because I was a Protestant.

Ushering in New Era of Openness and Transparency

Isabel Guerrero's picture

data.worldbank.org

The doors to the largest depository of development data in the world were just thrown open. Starting today, all our statistics are available online free of charge for all. The Open Data Access builds on the success of Data.Gov adopted by the US and UK and lets the global community create new applications and solutions to help poor people in the developing world.

Data, until now available through subscriptions only, is now accessible at data.worldbank.org. This is an important milestone for the World Bank, which complements the Access to Information reform. For many data is power. It is more than just numbers as it creates the space for dialogue based on facts and helps to foster new ideas.

Spring Meetings 'Can Represent a Landmark in Bank's History'

Angie Gentile's picture

Delegates, civil society members and press from around the world are set to converge in Washington for  the World Bank-IMF Spring Meetings. (See the schedule of events.) The week is packed with meetings, briefings and lectures covering topics ranging from strategies for post-economic crisis recovery to the first effort in 20 years to raise capital for the World Bank.

But many continue to wonder what the fallout will be of the eruption of Eyjafjallajokull in Iceland last week--from the effects on countries to disruptions in international air travel.

Zoellick: End of the Third World?

Julia Ross's picture

April 14, 2010 - Washington DC - World Bank Group President Robert B. Zoellick speaks at Woodrow Wilson International Center for Scholars in Washington DC

Setting the scene for next week’s Spring Meetings, World Bank President Robert Zoellick said today the world has changed since the financial crisis, the third world is gone and we now live in a multipolar economy.

At Washington, D.C.’s Woodrow Wilson Center for International Scholars, Zoellick told an audience of diplomats, economists and international development specialists, “We are now in a new, fast-evolving, multipolar world economy, in which some developing countries are emerging as economic powers; others are moving towards becoming additional poles of growth, and some are struggling to attain their potential within this new system.”

“It is time we put old concepts of First and Third Worlds, leader and led, donor and supplicant behind us,” he said.

The speech drew several questions on the Bank’s response to the financial crisis and how it is helping developing countries adapt to the new global economy Zoellick described.

RIP Elisabeth Noelle-Neumann

Anne-Katrin Arnold's picture

ddpLast week, the field of communication lost one of its most eminent figures, Elisabeth Noelle-Neumann, who died on March 25 at the age of 93. A German public opinion scholar, Noelle-Neumann has had a powerful influence on the study of public opinion and political communication worldwide. Her most notable contribution, the theory of the Spiral of Silence, has made a lasting impression on the field.

What is new in Malaysia’s New Economic Model?

Philip Schellekens's picture
Malaysia's New Economic Model proposes a number of strategic reforms.

Prime Minister Najib has announced the broad outline of the proposed New Economic Model (NEM) at the Invest Malaysia conference.

The objective of the NEM is for Malaysia to join the ranks of the high-income economies, but not at all costs. The growth process needs to be both inclusive and sustainable. Inclusive growth enables the benefits to be broadly shared across all communities. Sustainable growth augments the wealth of current generations in a way that does not come at the expense of future generations.

China economic outlook: a tighter macro stance and renewed focus on structural reform

Louis Kuijs's picture

We just released our China Quarterly Update. For us (the economics unit in the World Bank’s Beijing office), this is a good disciplinary device to go through the data, look at what has happened, think about what the economic prospects and policy implications are, look in some more detail into some issues, and write it all down.

In addition to the usual topics, this time we focused a bit on two macro risks that have caught the attention of analysts: a property bubble and strained local government finances. In this blog I summarize our current understanding of the general economic outlook and what it means for policymaking. In a separate blog post, I will soon discuss the issues on local government finances.


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