Spring meeting
- April 11, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Spring meeting
Subject : International Relations
Section: International organization
- The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring in the Spring Meetings of the International Monetary Fund and the World Bank Group. Names of the two groups are alternated each year so a different one has top billing.
- The autumn meetings are customarily held in Washington, D.C., United States for two consecutive years, and in another member country in the third year. At the spring and annual meetings there are meetings of the World Bank-IMF Development Committee and the International Monetary and Financial Committee (IMFC). Each committee is made of up ministers or central bank governors. There are equivalent numbers and the same constituency systems as is used at the Executive boards of the institutions. At the annual meetings, the governors of the World Bank and IMF also meet in plenary sessions.