On Thursday 9th July, 2020, both leaders of world’s biggest monetary organizations, the World Bank and the International Monetary Fund (IMF) announced that they will hold their Annual General Meetings to a great extent online in October 2020 due to COVID-19.
According to the IMF Managing Director, Kristalina Georgieva and World Bank President David Malpass, the yearly meetings, which is set for October 12th -18th, will be held in a virtual arrangement in Washington.
The two organizations have stayed adaptable about the format of the Meetings, contingent upon improvements, and would work to oblige the requirements of their members.
This extreme decision is as a result of the rising COVID-19 in the United States, and proceeding with movement limitations. In excess of 60,000 new COVID-19 contaminations have been accounted for in the United States, the greatest single-day tally by any country since the virus emergence.
The institutions’ semi-annual meetings usually bring some 10,000 government officials, business people, civil society representatives and journalists from across the globe to a tightly packed, two-block area of downtown Washington that houses their headquarters.