ASSESSMENTS

This Year’s World Bank-IMF Meetings Are Unlikely to Yield Progress

MIN READOct 11, 2021 | 20:41 GMT

People wait outside the entrance to the annual meetings of the World Bank and International Monetary Fund (IMF) outside the IMF headquarters in Washington D.C. on Oct. 11, 2021.

People wait near the entrance to the annual meetings of the World Bank and International Monetary Fund (IMF) outside the IMF headquarters in Washington D.C. on Oct. 11, 2021.

(DANIEL SLIM/AFP via Getty Images)

Internal leadership problems at the International Monetary Fund (IMF) and the World Bank, combined with domestic issues facing both institutions’ main shareholders, will severely limit room for substantive progress during this year’s IMF-World Bank meetings. The lack of a clear path forward for international policy coordination in the transition to a post-pandemic world will, in turn, leave their 190 member countries to mostly fend for themselves in addressing risks and vulnerabilities. ...

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