From conflict to COVID-19 to climate change, successive crises have created unprecedented challenges for developing countries. We are seeing the sharpest slowdown in economic activity in 80 years, rising inflation, deepening food insecurity, the war in Ukraine and wider fragility, unsustainable debt burdens, the continued negative impact of COVID-19, and worsening poverty. Urgent action is also needed to reduce emissions and help countries adapt to the impacts of climate change. Developing countries are faced with navigating these multiple challenges, which are deepening inequality and reversing development gains.
The 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) will take place in person from Monday, October 10, through Sunday, October 16 in the IMF and World Bank Group headquarters, in Washington DC.