Representatives of public and private sectors, international organizations, civil society establishment as well academic mediums from all over the globe, are all heading to Washington between October 21-26 to take part in the annual World Bank and International Monetary Fund (IMF) meetings.
Report informs via foreign media that taking a seat at the meetings will be Kuwait's Minister of Finance, State Minister for Economic and Investment Affairs and Acting Oil Minister Eng. Noura Al-Fassam, alongside a high-level delegation from Kuwait's banking sector. This year's edition will delve into critical issues of food economy dynamics, expediting pace of gender equity, mechanisms of achieving sustainable development and complications facing global markets.
IMF Chief Kristalina Georgieva in a speech prior to the fall meetings warned of a dire future for the global economy prompted by expectations of weak average growth as well as climbing commercial tensions and increasing debts.
Global trade is no longer the driving force behind development, observed Georgieva pointing to the effect of the situation in the Middle East on stability of regional economies and essential commodity markets, further complicating the state of the global economy.
She urged the international community to unit its front despite the harsh geopolitical climate to be able to address mutual challenges of weak development and the existential threat caused by climate change.