IMF, World Bank steering committee stresses accountability as reforms advance

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Sat, 2024-04-20 18:13

WASHINGTON DC: The steering committee for both International Monetary Fund and the World Bank on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries grapple with climate change and other shocks.

“We must hold ourselves accountable more broadly as we become a better and bigger bank,” said Mohammed bin Hadi Al Husseini, the United Arab Emirates’ minister of state for finance, who heads the joint Development Committee this year.

United Arab Emirates Finance Minister and chairman of the World Bank Development Committee Mohamed bin Hadi Al Hussaini speaks with World Bank Group President Ajay Banga during a meeting of the World Bank Development Committee during the IMF-World Bank Group spring meetings at World Bank headquarters in Washington DC. (AFP)
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