The 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) were successfully held on October 21-26, 2024 in Washington D.C., the United States, marking the 80th anniversary of the establishment (in 1944) of the IMF and the WBG – two leading international financial organizations. The delegation of Vietnam headed by Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) attended the meetings.
Vietnamese Delegation attends the 2024 IMF/WBG Annual Meetings
In the context that the world has been facing numerous issues, such as the geo-economic fragmentation, climate change, and the medium-term growth challenges, the Meetings were a good opportunity for the countries to discuss about possible solutions to strengthen the macroeconomic stability and accelerate the inclusive growth.
Beside the joint sessions, such as the roundtable conference between the IMF Managing Director and the ASEAN Central Banks’ Governors and Finance Ministers, Governor Hong also had important bilateral meetings with senior leaders of the IMF and the WB.
During the bilateral meetings, Governor Nguyen Thi Hong congratulated the IMF and the WBG on the 80th anniversary of their establishment, and spoke highly of the technical and the policy support provided by the IMF and the WBG to Vietnam during the country’s development progress.
Governor Nguyen Thi Hong and Ms. Kristina Georgieva, IMF Managing Director
Regarding the implementation of the WB-funded projects, Governor Nguyen Thi Hong informed that the Government of Vietnam has established a working committee headed by the Minister of Planning and Investment to work with the WB to resolve all bottlenecks. In the coming time, the Government plans to submit to the National Assembly a draft law revising several existing laws, with a view to resolving all difficulties and obstacles, harmonizing the procedures to facilitate and accelerate the preparation and implementation of projects in Vietnam.
Governor Nguyen Thi Hong and Ms. Anna Bjerde, WB Managing Director of Operations
Sharing about the economic situation in Vietnam, the SBV Governor stated that, despite the impacts of the COVID-19 pandemic and the global instabilities, Vietnam has managed to maintain a stable macroeconomic situation, with effective supervision of the market situation. As of the end of September 2024, the GDP growth had increased by 6.8%, the inflation had been controlled at 3.8%, the fiscal indicators had achieved positive results,…
In the context that Vietnam has been facing numerous challenges stemmed from the global climate change, the realization of its commitments made at COP26, and an aging population, the SBV Governor proposed that the IMF, the WB and the IFC continue to support the Government of Vietnam and the SBV in successfully implementing the socio-economic development goals; promoting green, sustainable and inclusive growth, accelerating the digital transformation; selecting Vietnam as the venue for the conferences/events on new topics of significant influence on the functioning of the economy and the financial systems.
Governor Nguyen Thi Hong and Mr. Kenji Okamura, IMF Deputy Managing Director
On the side of the IMF/WBG Meetings, Governor Nguyen Thi Hong also had other working sessions with the President of Mizuho Bank, the Vice President of Visa Inc. Global, and others bilateral technical sessions with the Bank of France and the IMF’s functional departments, in order to strengthen the relations and enhance the cooperation in the priority areas of both sides’ interest.
HP