World Bank Group/IMF Spring Meetings, Washington D.C.
| date | April 18, 2018 - April 21, 2018 |
|---|---|
| city | Washington D.C., United States |
| attending | V. (Valdis) Dombrovskis1, J. (Johannes) Hahn2, K. (Kristalina) Georgieva3, N. (Neven) Mimica4, P. (Pierre) Moscovici5 et al. |
| organisation | International Monetary Fund (IMF)6, World Bank7, G208 |
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The world economic outlook, development, poverty eradication… The Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) bring together multilateral development banks (MDBs), central bankers, ministers of finance, private sector executives and representatives of civil society to discuss issues of global concern.
As a key player in international development, the European Investment Bank participates in the 2018 Spring Meetings through a delegation led by President Werner Hoyer.
Our development impact
In the spotlight
Convened by the Dutch Minister for Foreign Trade and Development Cooperation and the British Secretary of State for International Development, ten International Financial Institutions have reaffirmed their commitment to high standards of ethical behaviour across institutions.
Acting on behalf of the Global Emerging Markets Risk Database Consortium, EIB President Werner Hoyer and Managing Director and Chief Financial Officer of the World Bank, Joaquim Levy, signed a membership agreement during the Spring Meetings, making the IBRD the nineteenth member of the Consortium.
The Inter-American Development Bank and the EIB have formally expanded their partnership through a new Memorandum of Understanding reflecting the partners’ commitment to advance development in Latin America and the Caribbean through blended finance, co-financing, and knowledge sharing.
MDBs launch new platform to coordinate support for economic migration and forced displacement
The Badia Impact Fund - supporting young tech entrepreneurs and creating opportunity in Jordan
EU Bank pioneers new bond in support of sustainable development
EIB and IMF join forces to build capacity on financial inclusion and stability in Africa
More related news
The EIB at the World Bank/IMF meetings
Wednesday, 18th April
Creating Markets for Climate Business: Mobilizing Private Sector Solutions
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-The International Finance Corporation’s flagship event on Creating Markets in Climate Business: Mobilizing Private Sector Solutions convened 2018 Spring Meetings delegates, public sector representatives and private sector companies who are leaders in climate action, and IFC/World Bank staff.
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-With EIB Vice-President, Jonathan Taylor, ICF Chief Executive Officer, Philippe Le Houérou and Financial Times US Managing Director, Gilian Tett
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-13:00 to 14:15 Eastern Time
Meeting - Heads of Multilateral Development Banks
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-This event provided an opportunity for MDBs to discuss their contribution to meeting the development challenges of the 21st century.
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-With EIB Vice-President, Ambroise Fayolle and Permanent Representative of the EIB Group in Washington, Romualdo Massa Bernucci
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-17:00 to 19:30 Eastern Time
Thursday, 19th April
Tackling the Root Cause of Migration: Europe’s Strategy for Economic Resilience
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-The European Investment Bank and the Bertelsmann Foundation jointly organised an event on the Economic Resilience Initiative, which aimed at mobilising additional financing in support of economies in the Southern Neighbourhood and the Western Balkans.
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-With EIB President, Werner Hoyer, Bertelsmann Foundation President and CEO, Aart De Geus, Grand Duchy of Luxembourg Minister of Finance, Pierre Gramegna, Polish Ministry of Finance Department of International Cooperation Deputy Director, Tomasz Skurzewski, EIB Board of Directors Member, Gelsomina Vigliotti, EC DEVCO Director-General, Stefano Manservisi, EIB Head of Operations Director-General, Jean-Christophe Laloux, and Silicon Badia Investment Associate, Dina Shawar.
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-11:00 to 12:30 Eastern Time
Signature - Letter of Understanding on a joint “EIB-IMF Capacity Development Platform”
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-The Capacity Development Platform encompasses capacity development activities for selected target groups, regions, and topics of special interest to the EIB in which the IMF has strong technical capacities.
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-With EIB President, Werner Hoyer and IMF Managing Director, Christine Lagarde
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-15:00 to 15:30 Eastern Time
Friday, 20th April
A new EIB bond product in support of Global Goals: Building a sustainable financial system
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-The new EIB bond will help provide basic services such as clean water, health and education to people around the world.
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-With EIB President, Werner Hoyer and EC Vice-President, Valdis Dombrovskis and UNDP Administrator, Achim Steiner
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-08:30 to 11:00 Eastern Time
President Hoyer, keynote speaker at the American Institute for Contemporary German Studies (AICGS) at Johns Hopkins University
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-The AICGS Geoeconomics Program focuses on identifying strategies for U.S., German, and European Union engagement in the global economy to promote their prosperity and broader national interests. This year, AICGS places a strong emphasis on proposals for strengthening the EU and the Eurozone. The event was a roundtable discussion on the role of EIB in the European Investment Plan.
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-With EIB President, Werner Hoyer
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-12:00 to 13:30 Eastern Time
Smart Cities, Smart Investment, Bright Future? Europe’s Mission to Innovate
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-Cities are more attractive than ever: an increasing number of the world’s citizens are moving to cities. Yet, this development brings up critical questions with regards to funding and investment, the modernisation of key infrastructures, and the use of information technology. Vice-President Hudák shared knowledge with local and regional decision-makers on how to improve access to funds and help them use existing funds more effectively.
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-With EIB Vice-President, Vazil Hudák and Atlantic Council Senior Fellow, Barbara Matthews
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-12:30 to 13:30 Eastern Time
High-level Roundtable on Jobs and Growth
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-The World Bank and the European Commission partnered to convene a high-level stakeholder roundtable on the topic of Crowding in Private Investments for Jobs & Sustainable Development: Maximizing the Job Potential of Innovative Financing Tools to tackle the daunting challenge that countries are facing to create jobs.
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-With EIB Vice-President, Ambroise Fayolle, World Bank Chief Executive Office, Kristalina Georgieva and European Commissioner for International Cooperation and Development, Neven Mimica
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-14:30 to 15:45 Eastern Time
Launch of the MDB platform on Economic Migration and Forced Displacement
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-Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement, advance strategic dialogue and operational coordination and maximise the impact of the MDBs’ growing engagement in these two areas.
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-With EIB President, Werner Hoyer, World Bank Group Chief Executive Officer, Kristalina Georgieva, African Development Bank President, Akinwumi Adesina, Asian Development Bank Vice-President for Finance and Risk Management, Ingrid van Wees, European Bank for Reconstruction and Development President, Sir Suma Chakrabarti, Inter-American Development Bank President, Luis Alberto Moreno and Islamic Development Bank President, Bandar Hajjar
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-16:00 to 17:00 Eastern Time
The Future of Resilience: Banking on Cities
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-This event showcased key issues faced by major global cities in building their resilience, and gave the audience a front-row seat to insights from investors on how cities can attract the resources they need for success.
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-With EIB Vice-President, Vazil Hudák, 100 Resilient Cities City Solutions Vice-President, Elizabeth Yee, PwC Partner, Jessica Shannon and Kampala Capital City Authority Executive Director, Jennifer Semulaka Musisi
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-17:00 to 18:30 Eastern Time
Signature - Memorandum of Understanding on EIB-IDB secondments
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-Multilateral development banks work together to deliver infrastructure around the world to improve people’s lives. The Panama Canal is the fruit of a cooperation between the European Investment Bank and the Inter-American Development Bank. The signature on a Memorandum of Understanding on EIB-IDB secondments will strengthen the partnership between these two international financial institutions.
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-With EIB President, Werner Hoyer and Inter-American Development Bank President, Luis Moreno
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-18:00 to 18:30 Eastern Time
Signature - Agreement on the IBRD joining the Global Emerging Markets’ (GEMs) Risk Database Consortium
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-The International Bank for Reconstruction and Development (IBRD) joined the Global Emerging Markets (GEMs) Risk Database Consortium - a pooling of credit performance data into a comprehensive database - jointly launched by the EIB and the International Finance Corporation in 2009.
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-With EIB President, Werner Hoyer and Managing Director and World Bank Group Chief Financial Officer, Joaquim Levy
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-19:00 Eastern Time
Saturday, 21st April
Joint MDBs’ statement on raising safeguarding standards to prevent sexual exploitation, abuse and harassment
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-This event will provide an opportunity for international financial institutions to share their experiences of safeguarding standards and operations in order to prevent sexual exploitation, abuse and harassment in the context of their ongoing strategies and work to promote gender equality.
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-With EIB Vice-President Andrew Mcdowell
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-11:30 to 12:30 Eastern Time
Related stories
Investing in women and a future for Jordan
Related pages
The EIB’s Economic Resilience Initiative
Investing in gender equality and women’s economic empowerment
Tackling global challenges together
Related publications
- 1.Valdis Dombrovskis (1971) is a Commission Vice-President on behalf of Latvia. In the Von der Leyen Commission he is responsible for an economy that works for people, and since 2020 trade. In september 2023 he also became executive president for the Green Deal. In the Juncker Commission he held the post of Commissioner for the euro and social dialogue and later also in charge of financial stability, financial services, and capital markets union. Dombrovskis is a member of the New Era Party (JL), which is aligned with the European People's Party. He held a seat in the European Parliament from 2004-2009 and proceeded to serve as prime minister of his country.
- 2.Johannes Hahn (1957) is the European Commissioner on behalf of Austria. In the Von der Leyen Commission he is responsible for the budget and administration. In the Juncker Commission he was the European Commissioner for European neighbourhood policy and enlargement negotiations and in the Barroso II Commission for regional development. Hahn is a member of the Austrian People's Party (ÖVP), which is aligned with the European People's Party.
- 3.De Bulgaarse Kristalina Georgieva (1953) was in 2010-2017 lid van de Europese Commissie. Vanaf november 2014 was zij in de Commissie-Juncker vicevoorzitter en commissaris belast met begroting en personeelsbeleid. In de Commissie-Barroso (2010-2014) had zij de portefeuille humanitaire hulp. Mevrouw Georgieva werkte sinds 1993 bij de Wereldbank en was vicepresident van die bank. Zij is een deskundige op het gebied van duurzame ontwikkeling, was hoogleraar in Sofia en bekleedde wereldwijd gasthoogleraarschappen aan diverse universiteiten. Mevrouw Georgieva behoort tot de centrumrechtse GERB. Sinds 1 oktober 2019 is zij directeur van het IMF.
- 4.Neven Mimica (1953) is the European Commissioner for international cooperation and development in the Juncker Commission on behalf of Croatia. After Croatia joined the EU he held the post of Commissioner for consumer rights in the Barroso II Commission. Mimica is a member of the Social Democratic Party of Croatia (SDP), which is aligned with the Progressive Alliance of Socialists and Democrats.
- 5.
Pierre Moscovici (1957) is the European Commissioner for taxation, customs union, economic and financial affairs in the Juncker Commission on behalf of France. Moscovici is a member of the Social Party (PS), which is aligned with the Progressive Alliance of Socialists and Democrats. He served as minster of economic affairs and as member of the European Parliament prior ot his tenure at the Commission.
- 6.Het Internationaal Monetair Fonds (IMF) is de VN-organisatie, dat de stabiliteit van het internationale monetaire systeem in de gaten houdt. Om deze stabiliteit te behouden en financiële crises te voorkomen, analyseert het IMF nationale, regionale en mondiale economische en financiële ontwikkelingen. Ook biedt het IMF hulp bij het beteugelen van economische crises.
- 7.Deze gespecialiseerde organisatie van de Verenigde Naties is opgericht in 1944. De Wereldbank richt zich op armoedebestrijding en verbetering van de levensstandaard in voornamelijk ontwikkelingslanden. Dit doet zij door middel van het verlenen van financiële en technische assistentie.
- 8.Dit internationale forum bestaat uit de 19 grootste nationale economieën plus de Europese Unie. De officiële naam van de G20 is de 'Groep van Twintig Ministers van Financiën en Voorzitters van Centrale Banken'. De G20 heeft tot doel bij te dragen aan wereldwijde economische groei en ontwikkeling.