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Tuesday, 07 July 2020 14:33

Next World Bank, IMF meetings to be virtual -World Bank chief

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The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank President David Malpass stated in a letter to the Bank's governors. As stated by Reuters (07/7) Malpass also encouraged those countries that are considering appointing new executive directors to represent them on the Bank's boards to factor gender diversity into their decisions. He said Only five of 25 current directors are women. The decision to meet virtually, rather than in person in Washington, was widely expected given rising infections in the United States, and continuing travel restrictions. The two international finance institutions also held their Spring Meetings online in April, and IMF Managing Director Kristalina Georgieva and other officials have said they expect to shift more of their work to virtual meetings in the future//Reuters

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