Holding the Annual Meetings of the World Bank Group and the International Monetary Fund in Lima from October 5 to 12 “is a historical fact,” and choosing Peru as the host has been a good decision, International Monetary Fund (IMF) Resident Representative for Peru Alejandro Santos said.
This is an important recognition for the host nation, and a unique opportunity to enhance its increasingly relevant position in the global arena. It also fosters an attractive scenario to encourage trade and investments worldwide.
“This is a correct decision and a historical fact; these meetings are held every year and will be brought to the region after 50 years,” he told the media.
In October this year, Lima will become the third Latin American city to host the event and will emerge as the financial capital of the world.
“The event is expected to gather 13,000 people and more than 1,000 journalists from around the world; 600 bilateral meetings are due to be held from October 5 to 12,” Santos said.
Santos went on to add the event will bring together finance ministers and central banks governors of 188 IMF/WB member countries.
“The meeting provides an opportunity to promote dialogue on issues of global economic importance and serves to discuss world economic development and policies to reduce poverty and promote inclusive economic growth,” he continued.
The International Monetary and Financial Committee (IMFC) and the Development Committee, from IMF and WB, respectively, will meet as part of the event.
Also, while in Lima, IMF will release the World Economic Outlook report as well as reports on global financial stability and fiscal policies.
Attendees will be able to take part in press conferences about each region’s economy, and the presentation of IMF Executive Director Christine Lagarde.
The event will also provide civil society, private sector and academics a forum to debate economic issues on the intentional agenda.
(END) JCC/JJN/RMB/MVB
Published: 9/15/2015