Alternatively, see the 2024 GPF Programme here: in English, en français, en español
See the 2024 GPF Biographies here: in English
Recaps
Day 1
Day 2
Context
Since their creation in 1944, the International Monetary Fund (IMF) and the World Bank Group (WBG) have evolved in their composition, mission, and priorities to face the changing nature of macroeconomic and development challenges. Increasing membership, the interconnectedness of globalization, and the emergence of private lenders have obligated these international financial institutions to become more adaptable and flexible as they continue to help countries reduce poverty, raise living standards and stabilize the global economy.
Both the IMF and WBG have created various instruments to deal with today’s global problems. While much progress has been made to better people’s living conditions over the past eight decades, challenges remain: market volatility, connected crises, and rising geopolitical tensions are still part of our daily lives. Today, we need coordinated approaches to tackle debt, climate change, inequality, gender, the digital divide, AI, and governance issues. This calls not only for collaboration with external actors but also between both institutions.
In this context, the IMF and WBG launched a consultative process aimed at developing a long-term view on the future of the world economy, international cooperation, and the roles of the Bank and the Fund.
This edition of the Global Parliamentary Forum, to be held on 21 and 22 October 2024 in Washington DC, will be an occasion for legislators to lead a discussion with representatives of both the IMF and WBG, to share their views on how multilateralism should evolve and on how the IMF and the WBG can best support stability and progress on a livable planet.
Description
The Annual Meetings provide a forum for international cooperation that enables the WBG and IMF to better serve their member countries. In addition to the meetings of the Boards of Governors, the Development Committee and the International Monetary and Financial Committee (IMFC) are officially convened. The Development Committee and the IMFC advise the Boards of Governors on issues of global concern, including the world economic outlook, poverty eradication, climate change, economic development, and aid effectiveness.
Around these meetings, the Bank and the IMF organize a number of seminars and workshops to facilitate the interaction of governments and World Bank-IMF staff with civil society organizations, parliamentarians, journalists, private sector executives, academics and representatives of other international organizations.
Background
Founded in 2000, the Parliamentary Network on the World Bank & IMF is an independent, non-governmental organization that provides a platform for Parliamentarians from World Bank and IMF member countries to advocate for increased accountability and transparency in development cooperation. It provides a platform for MPs to share knowledge, to hold their own governments, as well as International Financial Institutions, to account for development outcomes.
The PN through its members and events creates a space where parliamentarians can engage with the World Bank and IMF in a transparent manner, and, therefore, participate actively in shaping the international development agenda.
Through its work programme the Network empowers MPs to take an active part in development programs and policies of both institutions. Part of its mission has evolved to providing a platform for knowledge exchange between parliamentarians and the World Bank and IMF, with information on World Bank/IMF programs and activities, as well as facilitating feedback and experiences from Members of Parliament to both organizations on their respective work, which in turn helps accelerate achieving results.
Contacts
Gergana Ivanova, Parliamentary Network: givanova@parlnet.org
Kafu Kofi Tsikata, World Bank Group: ktsikata@worldbank.org
Tilla McAntony, IMF: tmcantony@imf.org