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Home -> Finance -> Full Story
IMF, WB meets to focus on combating money laundering
Thursday, April 18 2002 18:41 Hrs (IST)

Washington: Role of International Monetary Fund (IMF) in crisis management, combating money laundering and financing of terrorism are major issues that would dominate annual World Bank and IMF meetings beginning on April 19 in which Finance Minister Yashwant Sinha will lead the Indian team.

The global economic outlook in the wake of the signs of revival, risks and vulnerabilities in the world economy will also figure prominently in the three-day meet in which India will play a leading role in articulating the concerns of emerging economies.

While the policy responses to these challenges will be on the top of the agenda of the policy making body of IMF, the International Monetary and Financial committee, the policy making body of the World Bank, the development committee will take up the issue of enhancing the effectiveness of Development Assistance.

The development committee meeting on April 21 will also formulate strategy on how to ensure that resources are available to meet the millennium development goals of providing education for all primary school going children by 2015, official sources said.

During his three day stay in Washington, Sinha will also attend the G-24 ministers' meeting and extended session of Group of Eight industrialised nations.

Sinha, who arrived in Washington, will have discussions with World Bank President James Wolfensohn on national and global economic issues. He will also have several bilateral meetings.

PTI















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