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World Bank, IMF to step up cooperation
Hindustan Times
|September 08, 2023
In the run-up to the G20 Leaders' Summit in New Delhi this weekend, where the reform and strengthening of multilateral development banks (MDBS) is among the top agenda items, the International Monetary Fund (IMF) and World Bank have warned that the world faces major challenges and shocks and pledged to work together to deliver on climate, debt and digitisation in a structured way, based on their respective strengths
In a joint statement on Thursday, IMF's managing director Kristalina Georgieva and World Bank's president Ajay Banga said that the global economic growth has slowed, with the "medium term outlook at its weakest in three decades".
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