AfDB Delegation at World Bank IMF Spring Meetings

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The African Development Bank Group’s (AfDB) delegation led by its President, Donald Kaberuka,  is attending this year’s World Bank and International Monetary Fund Spring Meetings taking place  in Washington DC.

The AfDB delegation will discuss current global economic issues notably, the financial crisis and environmental problems and their impact on development and the global economy,.

The delegation will also apprise the development community of the Bank Group’s Long Term Strategy for 2013 - 2022 with a view to seeking their input into the document which will guide the Bank’s activities in the coming decade.

President Kaberuka will also be interacting with his peers in the two institutions – the outgoing Robert Zoellick of the World Bank and the IMF managing director, Christine Lagarde – as well as the heads of other development banks attending the meetings on bilateral and multilateral issues of mutual interest to them.

At the heart of the Spring Meetings, which bring together thousands of government officials, the private sector, journalists, civil society representatives, and other interested observers, are meetings of the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee, which discuss progress on the work of the IMF and World Bank. 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.

Ahead of the 20-22 April meetings the IMF issued a statement on the world economy saying that prospects were slowly improving again, but that risks remain elevated while growth is expected to be weak, especially in Europe, with unemployment in many advanced economies staying high.

The AfDB will hold its own Annual Meetings from 28 May to 1 June in Arusha, Tanzania, on the theme, ‘Africa and the Emerging Global Landscape: Challenges and Opportunities.’ The large majority of participants at the Spring Meetings will also attend the event.