The International Monetary Fund (IMF) will this week release the much awaited World Economic Outlook which project to the trajectory the world economies will take in the 12 months.
The World Economic Outlook report will be released on Monday while the Global Financial Stability Report and the Fiscal Monitor will be released on Wednesday.
Already world economic leaders have started gathering in Bali Indonesia to deliberate on these reports and hold bilateral meetings on the sidelines of the meetings to prepare themselves for the fall out of the Outlook.
Nigeria’s finance minister Zainab Ahmed and Governor of the Central Bank of Nigeria Mr. Godwin Emefiele will lead the Nigerian delegation to the meetings.
Some of the crucial meetings that Nigeria participate in include the African Region Vice President Meeting; Angola, Nigeria and South Africa (ANSA) Constituency Ministerial Meeting; AfreximBank Meeting; meetings with rating agencies, Fitch, Moody’s and Standard and Poors; the G24/ African Finance Institution Roundtable Meeting; Commonwealth Finance Ministers Meeting; Investors Forum; G-24 Finance Minister and Central Bank Governors Meeting (Ethiopia, Kenya, Nigeria and South Africa among others.
34,000 participants will be Bali for two weeks to chart an way forward to the world economy. Addressing journalists on the events of the coming days, Minister of Communications and Information Technology of the Republic of Indonesia, Rudi Antara said Indonesia has “spent enough time preparing Bali to host the annual meetings, but this is considered a big one because there will be 34,000 participants gathered in Nusa Dua, Bali to participate in the annual meetings.
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“By hosting the meeting, central bank Governors and Minister of Finance from across the world are putting their eyes on Indonesia, particularly Bali, and there will be the Bali declarations. We hope to come up with a breakthrough to respond to the global uncertainties in the world economies” Antara hinted as the possible gains of hosting the meeting.
To achieve this he said “There will be discussions by the 189 ministers of finance and another 189 central bank governors to discuss the Bali declarations. We will come up with new human capital index for the globe.