India, April 18 -- The Spring Meetings are being held this week from April 15-20 in Washington, DC

The spring meetings of the World Bank and the International Monetary Fund (IMF) commenced this week in Washington, DC. These meetings will discuss the progress on issues of international development, debt, economic recovery and climate. The IMF's mandate is maintaining global economic stability, while the World Bank's evolved mission is to "create a world free from poverty on a liveable planet".

World Bank

In his opening address, World Bank President Ajay Banga highlighted the bank's adherence to the G20 expert group recommendations to strengthen multilateral development banks (MDB). To increase the lending capacity while being able to ta...