Thailand prepares to host IMF-World Bank meetings
Officials are preparing four flood-response scenarios, including a switch to public transit or cancellation if water reaches the venue.
- Finance officials gathered in Bangkok on Sunday for the Annual Meetings of the International Monetary Fund and World Bank, convening amid Middle East conflict and rising global interest rates.
- Climate-Vulnerable countries face a perfect storm of debt: 93.5% are at high risk of debt distress while public debt will exceed 100% of GDP before 2030, squeezing fiscal space for climate action.
- Developing nations spend an average of 65% of government revenue servicing debt, while the Global South drains roughly US$8.8 trillion to Northern creditors, dwarfing the US$39 billion in climate finance by nearly 225 to 1.
- Civil society groups are convening an International Peoples' Assembly in Bangkok alongside the meetings, demanding an overhaul of global economic governance and arguing current IMF conditions worsen austerity and poverty.
- IMF Managing Director Kristalina Georgieva warned that "Winter is coming" as geopolitical tensions, particularly closure of the Strait of Hormuz, threaten energy supplies and fuel inflation expectations across vulnerable economies.
57 Articles
57 Articles
The International Monetary Fund (IMF) and the World Bank will assess the challenges facing the global economy at their annual meetings, in a context where geopolitical tensions are deepening uncertainties and rising energy costs are keeping inflationary pressures alive.
Middle East War and Global Debt Crisis Set to Dominate IMF-World Bank Meetings in Bangkok
Finance officials from around the world are meeting in Thailand this week amid significant global challenges, including an ongoing war in the Middle East, a major energy supply crisis, and rising interest rates, which threaten the already weak global economic growth. The conflict involving the US, Israel, and Iran, now continuing for eight months, significantly […]
The repercussions of the Middle East war, rising energy prices and debt dominate the meetings of the International Monetary Fund and the Bank in Thailand, amid warnings of increasing pressure on developing economies, and the World Bank ' s willingness to provide financing
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