Africa-Press – Mauritius. The African Union gearing up for impactful engagement at the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, that will be held in Washington, D.C., from April 21 to 26.
This year’s World Bank Group and IMF Spring Meetings will be held under the theme “Jobs – The Path to Prosperity.”
The meetings of these two influential global financial institutions are expected to attract central bankers, finance and development ministers, executives from the private sector, representatives from civil society and scholars to engage in discussions on pressing global issues.
These topics encompass the global economic outlook, financial stability, efforts to eradicate poverty, promote inclusive economic growth and job creation, and address climate change, among others.
As the international community gathers for this important meeting, AU will be hosting strategic side events to spotlight Africa’s development priorities.
Key focus areas the side events will be advocating for fairer global financial governance and IMF quota reform, unlocking investments in jobs, trade (AfCFTA), and green infrastructure as well as advancing climate finance, according to information obtained from the AU.
AU further stated that issues such as Special Drawing Rights (SDRs) rechanneling and African Development Fund (ADF) replenishment along with ways to elevating Africa’s voice in global decision-making structures will also be the other key areas of discussion.
Coordinated by the AU Mission to the U.S., in partnership with AU’s Department of Economic Development, Trade, Tourism, Industry & Minerals (ETTIM), Africa development Bank (AfDB) and AUDA-NEPAD, these engagements reaffirm Africa’s commitment to inclusive multilateralism and Agenda 2063 implementation.
The meetings are set to discuss global economic priorities, including future fiscal and monetary policies, ways to bolster financial resilience, and promote effective international cooperation.
Additionally, the sessions will explore the importance of international cooperation to foster new growth opportunities and adapt to evolving economic conditions.
This year’s IMF/WBG Spring Meetings offer a strategic platform to coordinate international efforts and strengthen cooperation in tackling global economic and financial challenges.
The meetings will offer a unique global platform for open dialogue, bringing together a select group of economic leaders and financial policymakers from around the world to share insights on how to strengthen international cooperation amid the rapidly changing global economic landscape.
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