Andina

Peru: Lima to become world’s Financial Capital in October 2015

Centro Financiero.Foto: ANDINA/Carlos Lezama

13:03 | Lima, Feb. 25.

Lima will host the Annual Meetings of the Boards of Governors of the World Bank Group (WB) and the International Monetary Fund (IMF) in October 2015.

Thus, the nation's most relevant city will become the financial capital of the world.

The event will gather Finance Ministers and Central Banks directors of the 188 countries. It will also create a dialogue space in order to discuss about economic subjects of global relevance.

"This meeting will aim at specifying what has been done, and at mandating what needs to be done, according to the WB and IMF Governors. The agenda will be based on the different world's problems," informed the representative of the IMF in Peru, Alejandro Santos.

According to the IMF Communications department, this event will gather around 12,000 participants. It will be the first inaugural event at the new Convention Center of Lima, located in the San Borja district.

Lima will be the third city in the region to host a such event. It will turn the city into the Financial World’s Capital in October 2015, it was highlighted.
Such gatherings return to Lima after 48 years.

The last Latin-American-held meeting was organized in Rio de Janeiro during the 60’s (1967).

These conferences are opportunities to encourage dialogue and discuss about the international economic and financial progress, the situation of global economy and the existing policies implemented seeking to reduce poverty.

Once a year, these meetings are held in Washington D.C. (US). However, each three years those are organized in member countries that stand out due their lodging capacity, transportation services, security, among others.

It should be noted, according to the Supreme Decree N° 241-2012-EF, a section inside Peru's Finance Ministry called "Proyecto Especial Juntas de Gobernadores BM/FMI-2015 Perú" (2015 Peru Board of Governors (WB/IMF-2015 Special Program) was established.

It is in charge of preparing for and organizing the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund this year.

(END) ESV/JJN/RGR/MVB

Published: 2/27/2015