The Sultanate Participates in Annual Meetings of WBG, IMF

Muscat, The Sultanate, represented by the Ministry of Finance, is taking part in the joint annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), currently being held via videoconferencing and run till 18 October.

The Sultanate is represented in the meetings by Nasser bin Khamis al-Jashmi, Secretary General of the Ministry of Finance.

The meetings discuss a report of the World Bank and IMF on the latest developments about the global financial and economic status and the mechanism to respond to Covid-19 outbreak, as well as the initiatives proposed to improve the global economy.

The meetings also address prospects of development in the Middle East and North Africa (MENA) region. Bilateral meetings are held to discuss issues of common concern.

On the sidelines of the annual meetings, the annual meeting of the Arab Finance Ministers is held with President of the World Bank. The meeting discussed financial and economic issues of concern to the Arab countries that included impacts of Covid-19 on Arab economies, plans of tackling such impacts and exchanging views on such issues.

Source: Oman News Agency