IMF, World Bank to unveil joint strategy for poor countries
The International Monetary Fund and the World Bank are developing a joint strategy to aid low-income countries that will define their separate roles, a top IMF official said.
By Agencies |
WASHINGTON: The International Monetary Fund and the World Bank are developing a joint strategy to aid low-income countries that will define their separate roles, a top IMF official said.
John Lipsky, IMF first deputy managing director, said the Fund's role in low-income countries, which has drawn controversy in recent years, will be formalised in a Joint Bank-Fund Management Action Plan that will be unveiled ahead of the two institutions' annual meetings next month.
"This plan is intended to help insure that the efforts of these key institutions remain well-coordinated and consistent, while leveraging each institution's resources effectively," Lipsky said in a speech at an event organised at IMF headquarters by Oxfam International, a leading anti-poverty nongovernmental organisation.
"The plan is scheduled to be considered by both executive boards before next month's annual meetings," Lipsky said.
The IMF and World Bank meetings are scheduled on October 20-22 in Washington.
John Lipsky, IMF first deputy managing director, said the Fund's role in low-income countries, which has drawn controversy in recent years, will be formalised in a Joint Bank-Fund Management Action Plan that will be unveiled ahead of the two institutions' annual meetings next month.
"This plan is intended to help insure that the efforts of these key institutions remain well-coordinated and consistent, while leveraging each institution's resources effectively," Lipsky said in a speech at an event organised at IMF headquarters by Oxfam International, a leading anti-poverty nongovernmental organisation.
"The plan is scheduled to be considered by both executive boards before next month's annual meetings," Lipsky said.
The IMF and World Bank meetings are scheduled on October 20-22 in Washington.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
