Economy 2022-06-15T07:54:50+03:00
Ukrainian news
Ukraine Commences Preparations To Host In 2021 Annual Meeting Of Boards Of Governors Of WBG And IMF

Ukraine Commences Preparations To Host In 2021 Annual Meeting Of Boards Of Governors Of WBG And IMF

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IMF, Ukraine, international monetary fund, meeting, World Bank Group, WB, governors

Ukraine has commenced preparations to host in 2021 an annual meeting of Boards of Governors of the International Monetary Fund and the World Bank Group.

The press service of the National Bank of Ukraine told this to Ukrainian News Agency.

Late in May, the National Bank of Ukraine moved forward with an initiative before the Cabinet of Ministers to host in October 2021 an annual meeting of Boards of Governors of the International Monetary Fund and the World Bank Group.

According to the information available to Ukrainian News Agency, the Cabinet of Ministers of supported the idea.

Thus, Ukraine has commenced preparations to host the annual meeting of Boards of Governors of the WBG and the IMF.

The International Monetary Fund will make a final decision and will select a country among those willing to host the annual meeting.

The National Bank of Ukraine notes that the event will require serious expenses from the state budget.

According to the National Bank of Ukraine, the event is usually attended by 15,000 people worldwide, including 4,000 members of official delegations.

Thus, the hosting city is required to have enough hotels (hotels will be paid by visitors).

The National Bank believes that hosting the annual meeting of Boards of Governors of the International Monetary Fund and the World Bank Group in October 2021 will have a positive influence on the image of Ukraine and will facilitate attraction of international investment in Ukraine. It will also boost relations with international partners.

As Ukrainian News Agency earlier reported, the National Bank of Ukraine has suggested that the Cabinet of Ministers host in Ukraine an annual meeting of Boards of Governors of the International Monetary Fund and the World Bank Group in October 2021.

On June 3-5, 2016, Kyiv hosted a meeting of member states of the IMF and World Bank.

Each autumn Boards of Governors of the WBG and the IMF hold annual meetings to discuss a wide spectrum of issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

The annual meetings provide a common ground for international cooperation.





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