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China, U.S. to top agenda of WB, IMF annual meetings in Peru

Xinhua, October 4, 2015 Adjust font size:

Development issues and economic conditions in China and the United States will be the focus of the World Bank Group (WBG) and the International Monetary Fund (IMF) annual meetings in Lima on Oct. 5-11, said a Peruvian official on Saturday.

Changes in development mode in China and potential interest rate hike by the U.S. Federal Reserve (Fed) will be the top issues during the meetings, which will attract about 15,000 participants from 188 countries and regions, said Peruvian Economic Minister Alonso Segura.

"We will also deal with the drop in prices of raw materials," Segura said.

The global economic growth would be around 3.4 percent in 2015, weaker than in 2014, IMF chief Christine Lagarde told the Council of the Americas in Washington on Sept. 30.

The WBG and IMF annual events will see over 300 closed-door meetings, which are expected to help their members make the right economic decisions.

The meetings are relevant in times of deep economic turbulence for much of the world and as a new economic world order takes shape.

The meetings will also discuss the role that young people can play in the global economy and host dialogues to share knowledge and experiences to help them start businesses.

Actor Sean Penn, as producer of the documentary "The Human Experiment", will be on hand to explain how toxic chemicals are affecting the humanity and the environment. Endi