Lima will host the 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) from Monday Oct. 5 to Sunday Oct. 12 in an event that will summon over 20,000 participants, among them central bank governors and finance ministers from 188 countries, as well as private sector executives and academics.
The event is aimed at discussing issues facing the world, such as China’s economic slowdown, U.S. monetary stimulus withdrawal, reduction of metal prices, fight against poverty, climate change, and global development goals by 2030.
The plenary session will be held on October 9, and will be chaired by IMF Managing Director Christine Lagarde and World Bank Group President Jim Yong Kim. Peruvian President Ollanta Humala will lead the opening ceremony.
The event provides a platform for other important meetings on economy, international development and global financial markets, such as that of the International Monetary and Financial Committee (IMFC), the Development Committee, the Group of Ten (G10), the Group of Twenty (G20), among others. Seminars, regional briefings and press conferences will be held as well.
Finance Minister Alonso Segura claimed this is an event of extraordinary significance and importance for the history of Peru, since this is the first time in almost half a century (48 years) that a Latin American nation hosts such an event. The last one took place in Rio de Janeiro, Brazil in 1967.
Over the next week, Peru will be the economic capital of the world, as it will receive more than 12,000 foreign participants, including senior economic officials, heads of multilateral and bilateral cooperation agencies and academics.
These officials will get together with decision makers of major capitals in New York (USA), London (England), Frankfurt (Germany), Toronto (Canada), Tokyo (Japan) and Sao Paulo (Brazil).
"This is a great opportunity for investors, entrepreneurs and academics in our country, because it will enable them to establish a networking to succeed in future business ventures," the minister said.
The Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund will be held at the new Lima Convention Center located in the San Borja district.