Representatives of both agencies come together from 21 to 26 in Washington. These meetings will mean the first chance to evaluate the economic disruption that has caused Trump’s policy so great and since the start of their mandate, especially in commercial matters.
The International Monetary Fund (IMF) and the World Bank (BM) start their spring meetings in a context on Monday by the Rate war promoted by US President Donald TrumpAnd for the impact it will have on the economy.
Both the IMF director, Kristalina Georgieva, and the president of the BM, Ajay Banga, have already warned that the uncertainty and current volatility will cause a rise of the gross domestic product (GDP) slower, so it is urgent to reach rapid similarities.
In particular, Bulgarian politics and economist said on Thursday that the next global economic projections of their bodies will include “remarkable reductions” in terms of growth, “but no recession”, and also “increase in inflation examinations for some countries.”
This week the IMF publishes both his prediction report, known as WEO), the IMF publishes DOS WEO per year, in April and October.
Private meetings between the high authorities of the Member States and the public debate forums that will be performed at the 26th in Washington will not be able to escape from that situation and will also tackle more concrete themes, such as creating employment or debt management.
But the impact of the tariff war is not the only problem of concern on the table. The agreement takes place at a time when Trump has again interrogated multilateralism and in which his administration is fully revised from the organizations to which he belongs and supports.
The United States is the most important shareholder in both the IMF and the BM and there are doubts about whether the country will continue to contribute to its initiatives, such as the use of 4,000 million dollars for the International Development Association (AIF) that signed its predecessor last year, the Democrat Joe Biden (2021-2025).
These meetings will mean the first chance to evaluate the economic disruption that has caused Trump’s policy so great and since the start of their mandate, especially in commercial matters.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
