Peruvian Economy and Finance Minister Alfredo Thorne will participate in the 2017 World Bank Group (WBG) – International Monetary Fund (IMF) Spring Meetings, taking place this week in Washington D.C., United States.
Meetings convene both organizations' 188 member countries to discuss issues of global concern and, in particular, the new challenges facing the global economy.
Minister Thorne will represent not only Peru, but also 6 countries of the region at meetings of the joint Development Committee and the WBG Board of Governors.
The event will take place on April 21-23, bringing together central bankers, ministers of finance and development, private sector executives and academics.
The government official referred to IMF and WBG's agreement that, as the global economy grows, so does the need for sound national policies and international cooperation's firm commitment to building a more resilient and inclusive economy.
"This year, both multilateral [organizations] have decided to discuss issues which are also fundamental for Peru," the economist pointed out.
"These include financing for development, meeting people's growing aspirations, as well as emphasizing guiding principles to attract private investment and guarantee as many resources as possible for those most in need," he added.
Events featuring the investment banker include "Fostering Local Capital Markets – a Path to Growth and Prosperity" forum, as well as the Meeting of Pacific Alliance Ministers of Economy and Finance.
Thorne's agenda in Washington D.C. also includes meetings with World Bank Group President Jim Yong Kim and International Monetary Fund Managing-Director Christine Lagarde.
2017 Spring Meetings
At the heart of the gathering are meetings of the joint Development Committee and the IMF's International Monetary and Financial Committee, which discuss progress on the work of the World Bank Group and the IMF.
Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development and the world's financial markets.
The plenary session of the World Bank Group and the IMF Boards of Governors is scheduled only during the Annual Meetings in the autumn.
It is worth noting Peru is a full and founding member of both WBG and IMF. As such, it exercises its rights through its representatives in said financial institutions.