IMF, World Bank confirm plans for ‘primarily virtual’ annual meetings

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© Reuters. IMF Managing Director Kristalina Georgieva speaks at the Global Women’s Forum in Dubai

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WASHINGTON (Reuters) – The leaders of the and the World on Thursday confirmed that they were preparing to hold their annual meetings in October largely online given the coronavirus pandemic.

In a joint statement, IMF Managing Director Kristalina Georgieva and World Bank David Malpass said they were recommending the annual meetings, set for Oct. 12-18, be held in a “primarily virtual format.”

They said they remained flexible about the format of the talks, depending on developments, and would work to accommodate the needs of their members.

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Malpass first disclosed the plans for virtual annual meetings in a letter to the Bank’s governors on Monday.

The decision to meet virtually, rather than in person in Washington, was widely expected given rising infections in the , and continuing travel . More than 60,000 new COVID-19 infections were reported across the on Wednesday, the greatest single-day tally by any country since the virus emerged late last year in .

The spring meetings were also held virtually in April.

The institutions’ semi-annual meetings usually bring some 10,000 government officials, people, civil society representatives and journalists from across the globe to a tightly packed, two-block area of downtown Washington that houses their headquarters.

The annual events including meetings of the IMF’s 24-member International Monetary Fund and Financial Committee (IMFC) and the Committee, which oversees the work of the World Bank, as well as many smaller meetings throughout the week.

Source: Investing.com

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