burden of debt

World Bank, IMF…Reforms are urgently needed now

in depth

This article is part of the dossier:

Cash-strapped Africa…

By Yara Rizk

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Posted on April 11, 2023 14:46

 The IMF and World Bank Spring meetings take place 10 April – 16 April 2023.. © DANIEL SLIM/AFP
The IMF and World Bank Spring meetings take place 10 April – 16 April 2023.. © DANIEL SLIM/AFP

In the face of a changing and evolving world, crisis after crisis, international lenders must rethink their model. This imperative sets the stage for the World Bank and IMF Spring Meetings 2023, taking place from April 10 to 16 in Washington.

In 2023, the undeniable buzzword is ‘polycrisis’. With the aftermath of the pandemic and the containment of the Chinese economy, the war in Ukraine has amplified shortages and inflation, while fueling financial instability.

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