World finance officials facing host of problems

1010 WINS Newsroom
October 18, 2019 - 12:09 am

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)

WASHINGTON (AP) — The leaders of the 189-nation International Monetary Fund and its sister organization, the World Bank, are laying out their visions for the future, hoping to achieve a world with less extreme poverty and more economic growth.

However, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass will likely find their discussions over the next two days consumed with more immediate problems, such as rising trade tensions that have sapped world growth.

Both officials will deliver speeches at the opening session Friday of the annual meetings of the two organizations.

Also Friday, Japanese Finance Minister Taro Aso will meet with reporters at the end of discussions among finance ministers and central bank governors from the Group of 20 major industrial nations.

AP Editorial Categories: