World Bank, IMF Look to Move Past Old Tensions on Climate, Debt
- Banga speaks with IMF executive directors on climate agenda
- Institutions seek to boost interaction between staffs, leaders
Kristalina Georgieva and Ajay Banga during a panel in Marrakesh, Morocco, in 2023.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The leaders of the World Bank and International Monetary Fund are seeking to mend fences between their sister institutions after tensions arose in recent years over issues including climate change and sovereign debt issues.
Ajay Banga, who took over as World Bank president in June, met last week with the IMF executive board, made up of 24 executive directors who represent its 190 member countries, according to an IMF spokesman. It’s the first time that a chief of the anti-poverty institution has met with those top officials of the world’s lender of last resort in more than five years.