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Watch Annual Meetings development events from Oct 16-19. Comment and engage with experts. Calendar of Events

2019 Annual Meetings Live

Each Fall, the Boards of Governors of the World Bank Group and International Monetary Fund (IMF) hold the Annual Meetings to discuss a range of issues related to poverty reduction, international economic development and finance. World Bank Live brings the #WBGMeetings experience straight to you, wherever you are in the world. 

Schedule of Events

October 16th-19th

10/07/2019 | 16:00 ET

Securing Good Development Outcomes

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10/16/2019 | 11:30 ET

The Future of the Rural Space

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10/18/2019 | 09:00 ET

2019 Annual Meetings Plenary

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10/18/2019 | 11:00 ET

Jobs and Economic Transformation

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And that's a wrap! Thank you for watching the 2019 annual meeting's events. You can watch the replays of the events here or the replays of our Global Voices interviews here.

Schedule of Events

October 16th-19th

Mon, 10/07/2019 - 16:00 | 19:00 GMT

Securing Good Development Outcomes

View event page |
x
Wed, 10/16/2019 - 11:30 | 19:00 GMT

The Future of the Rural Space

View event page |
x
View event page |
x
Wed, 10/16/2019 - 14:30 | 19:00 GMT

Fintech Innovators as Drivers of Inclusive Economies

View event page |
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Thu, 10/17/2019 - 08:45 | 19:00 GMT

2019 Annual Meetings Opening Press Conference

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Thu, 10/17/2019 - 10:30 | 19:00 GMT

Decoding Debt: Getting Transparency Right

View event page |
x
View event page |
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Thu, 10/17/2019 - 14:00 | 19:00 GMT

End of an Era? Global Value Chains, Trade and Development

View event page |
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View event page |
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View event page |
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Fri, 10/18/2019 - 09:00 | 19:00 GMT

2019 Annual Meetings Plenary

View event page |
x
Fri, 10/18/2019 - 11:00 | 19:00 GMT

Jobs and Economic Transformation

View event page |
x
View event page |
x

2019 Annual Meetings on World Bank Live

We're back with our semi-annual Global Voices interview series! We spoke with 19 dynamic leaders and changemakers who have fostered strong results for global development in their countries. View the schedule of interviews here.

We live-streamed events in English, Spanish, French and Arabic. Check out all the replays here!

Annual Meetings LIVE BLOG: Don’t miss a beat!

5:45 PM - And that's a WRAP!

Well everyone, it's been a long, but exciting week at the 2019 Annual Meetings! It's been a pleasure taking you through it all, and we hope you enjoyed it too. Thank you for following us on the live blog and our social channels over the last few days. Remember, you can always catch up on the events or interviews you missed, or the conversations that took place online. We brought you events in three other languages too: SpanishFrench and Arabic, so be sure to catch the replays that interest you!

Until we see you next time, thank you and goodbye!

5:05 PM - Focusing on better outcomes for the world’s poorest people

© Grant Ellis/World Bank Group

Global growth remains subdued, with the pace of investment and trade softening, and downside risks persisting due to policy uncertainty, trade tensions, financial volatility, and rising debt. The World Bank Group, in cooperation with the International Monetary Fund, can help emerging and low-income countries bolster potential growth, increase their resilience to shocks, boost domestic revenues, and continue building policy buffers. The two organizations have an important role to play in addressing the increase in debt vulnerabilities, and they can help countries meet a range of challenges to the international financial system, including tackling corruption.  

These were key messages from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, in a communiqué issued at the close of the institutions’ Annual Meetings in Washington. Read more.

4:00 PM - What have been the highlights of this year's Annual Meetings?

Themes for this year's 2019 Annual Meetings spanned from inclusive growth to women's economic empowerment, jobs, human capital, resilience and adaptation, and more. As we begin to wrap up, take a look back at some key moments from this year's Meetings. 

2:45 PM - Africa’s transformation cannot happen without women and men on equal footing

So how do we close the gender gap? 

Today’s State of the Africa Region event attempted to answer this age-old question and put some answers into practice. The discussion, moderated by Julie Gichuru, did not disappoint in terms of diversity, passion, and humor, with Africa Region Vice President Hafez Ghanem in his opening remarks declaring himself a newborn feminist in his “old age”, and Chief Economist Albert Zeufack linking gender inequality to slower-than-expected growth of just 2.6 percent for 2019.  

An animated group of panelists talked through practical ways to close the gap between men and women in Africa. While there was consensus on areas like access to health, education, empowerment, and changing social norms, entrepreneur Ciiru Waithaka highlighted the need to move beyond gathering data and use what we know to drive tangible results. As a doctor working in fragile environment, Christabel Ngwashi outlined the important role of women in health care at all levels (policy, community, individual), and urged women not to rely on entitlement, but to earn their place in society. And Acha Leke of McKinsey Africa emphasized that even when we know which interventions show promise, it is equally important to track their impact.

Follow the conversation online using #AfricaSOR.

12:30 PM - Watch our 30 second challenges from Day 3!

Why are Safer Roads Important in Tackling Poverty?

Can Africa Achieve Digital Transformation by 2030?

How can we create more opportunities for women entrepreneurs?

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6:15 PM - And that's a wrap on Day 3!

Can you believe we’re getting to the close of the 2019 Annual Meetings? We’ve still got one more day of events so don’t go anywhere just yet! Join us tomorrow as we talk about women’s economic empowerment in Africa. 

All Day: 2021 Annual Meetings, Moroccan Exhibit

9:30 ET/13:30 GMT: State of the Africa Region: Empowering Women, Transforming Africa

 

5:30 PM - It was a busy day of Global Voices interviews!

We spoke with Reeta Roy, President and CEO, Mastercard Foundation.

We had a great conversation with Dina El-Shenoufy, Chief Investment Officer, Flat6Labs.

Peter Njonjo, Co-Founder and CEO, Twiga Foods, spoke to us about how technology can enable entrepreneurship. 

Amani Abou-Zeid, Commissioner for Infrastructure and Energy, African Union Commission, spoke to us about digital transformation in Africa.

It was a full day of interviews, and that's only half of what we covered! See our full schedule of interviews here

5:15 PM - Themes at a glance, Day 3!

This is what you were talking about today, with these hashtags dominating our digital space!

4:55 PM - What are influencers talking about on Day 3?

3:30 PM - The time for real action is now

It’s no longer enough to talk about ways to boost economies in Africa and the Middle East. The time for real action is now, according to a panel of ministers, entrepreneurs, and development professionals at Friday’s IFC-sponsored event: Jobs and Economic Transformation.

IFC CEO Philippe Le Houérou opened the event with the sobering estimate that Africa needs 1.7 million new jobs every month to keep pace with population growth and the huge demographic shift toward working-age young people. A mindset shift is needed to make this happen, he added, saying a combination of public and private efforts are the best—and perhaps only—way forward. A combination of governmental regulatory changes and risk mitigation would encourage private investors to consider working in some of the world’s most challenging places.

Panelists included Adan Mohamed Cabinet Secretary, Ministry of East African Community and Regional Development, Kenya; Sahar Nasr, Minister of Investment and International Cooperation, Egypt; Nadeem Ahmed, owner, Global Tea and Commodities; Reeta Roy, President and CEO, Mastercard Foundation; and Peter Njonjo, CEO, Twiga Foods. CNBC Africa Anchor and Producer Nozipho Mbanjwa moderated the event.

The group agreed that Africa and MENA should encourage development of sectors like agriculture, textiles, leather production, and even technology in order to create “dignified work” that will allow the regions’ citizens to support themselves and their families. But one major hurdle is readiness and would require, Roy said, working with the disrupters in education to train people with relevant skills.

Panelists each summed up their thoughts on the topic with a sentence beginning with the words “job creation and transformation.”

  • Is no longer a matter of if and when. It has to be done now. ­–Ahmed
  • Begins with making invisible opportunities visible to young people. –Roy
  • Rests with the small and micro enterprises. What we need is to give these people the space, and the government needs to get out of the way. –Mohamed
  • Can be unlocked by enabling entrepreneurship. –Njonjo
  • Requires continuing the ambitious program…with a lot of focus on youth and women. –Nasr
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7:28 PM - That's a wrap on Day 2!

You did it! We’re at the end of a long, but exciting day here at the Annual Meetings in Washington, D.C. Let’s rest up a bit and re-energize, because we’re back in full force again tomorrow to talk about jobs, the private sector in fragile countries, and opportunities for women entrepreneurs.

This is what to expect:

All Day: 2021 Annual Meetings, Moroccan Exhibit

9:00 ET/13:00 GMT: Several events as part of the CSO Forum, beginning at 9AM ET. See schedule here, and check back as the week unfolds!

11:00 ET/15:00 GMT: Jobs and Economic Transformation

11:00 ET/15:00 GMT: Private Sector in Fragile Situations: Getting the Job Done

15:00 ET/19:00 GMT: Unleashing the Potential of Women Entrepreneurs through Finance and Markets

7:05 PM - Themes at a glance, day 2!

This is what you were talking about online today, in EMOJIS! Do you recognize yours? 

 

6:53 PM - What is the unique role of development in crisis settings?

Credit: World Bank

What is the unique role of development in crisis settings? As the World Bank Group develops its strategy for fragility, conflict and violence, it brought together Aïchatou Boulama Kané (Minister of Planning, Niger,) Henrietta Fore (Executive Director, UNICEF,) Nancy Lindborg (President and CEO, U.S. Institute for Peace) and WB Managing Director of Operations, Axel van Trotsenburg to discuss how its long-term approach complements humanitarian agencies, governments, civil society, the private sector and other actors in fragile situations.

Here are some the of the points raised:

  • Since FCV situations are protracted, no one has the luxury of seeing development as something that starts in the post-conflict phase—it is part of the overall response to crisis.
  • Conflict prevention is perhaps most important – social and economic exclusion, justice and security are essential to avoid societal fragmentation which can lead to conflict. The private sector, especially local enterprises, provide the jobs that are critical to economic betterment and hope.
  • Country ownership – While all partners must work together for solutions, the plans must be the countries’ own.
  • Investments in children’s futures, like education, often fall through the cracks in these situations – but they are the gateway to opportunity and to building human capital for the future.

There is urgency to act now – as Fore said, 10 years are not much in the context of peace negotiations, but they are a lifetime for a child.

6:30 PM - What are influencers talking about on Day 2?

5:25 PM - End of an Era? Global Value Chains, Trade and Development

Global value chains (GVCs) powered an economic revolution over the past three decades: growth accelerated, incomes rose, and poverty rates plunged. Almost 50% of global trade involves GVCs, but rising trade tensions and uncertainties over market access threaten their future. 

Penny Goldberg, World Bank Group Chief Economist, together with Arturo Herrera Gutierrez, Mexico’s Finance Minister, and Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, discussed how countries can use GVCs to grow in an inclusive and sustainable manner.

Goldberg summarized the latest World Development Report, Trading for Development in the Age of Global Value Chains while the two ministers reflected on experiences of their countries. 

GVCs make it easier for developing countries to join global trade and use it to develop, Goldberg said. Their biggest benefit is that they facilitate the transfer of knowledge, she added. 

Reflecting on Mexico’s experience with GVCs, Minister Herrera said microspecialities have their opportunity to develop to their fullest under GVCs. Minister Skinnari, meanwhile, stressed the importance of respecting intellectual property within GVCs and the importance of the human capital. 

Panelists reflected on the need to continue a rules-based trade system as well as stable trade agreements. They also discussed how to address inequality, gender equality and climate change within GVCs context. 
They also discussed the impact new digital technologies. New technologies and automation are good news for trade, Goldberg said, adding that new technologies have not affected jobs worldwide. 

They have led to a decline of jobs in high-income countries, but they have led to an increase in jobs in developing countries. 

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7:00 PM - And that's a wrap on Day 1!

Well, if you thought today was busy, get ready for tomorrow! The buzz continues as we delve into debt, inclusive growth, human capital, and so much more. Check out the line up below, mark your must-sees, and join us back here when it all begins again! 

All Day: 2021 Annual Meetings, Moroccan Exhibit

8:45 AM/12:45 GMT: 2019 Annual Meetings Opening Press Conference

9:00 ET/13:00 GMT: Several events as part of the CSO Forum, beginning at 9AM ET. See schedule here, and check back as the week unfolds!

10:30 ET/14:30 GMT: Decoding Debt: Getting Transparency Right

11:30 ET/15:30 GMT: Connecting Africa through Broadband: A Roadmap for Inclusive Growth

12:30 ET/16:30 GMT: Learning Poverty: Building the Foundation of Human Capital

14:00 ET/18:00 GMT: Invest in Nature: Uncovering the Hidden Value of Biodiversity

14:00 ET/18:00 GMT: End of an Era? Global Value Chains, Trade and Development

15:00 ET/19:00 GMT: The Infrastructure Revolution: Integration, Investment and Innovation

16:00 ET/20:00 GMT: Catalyzing Environmental, Social and Governance Investment

6:45 PM - Check out our 30 second challenge, Day 1!

How Can We Create Opportunities for Women Entrepreneurs, with Pakistani entrepreneur Maheen Adamjee

How Can We Create a Better Future for Young People in Rural Areas?

How Can We Create Opportunities for Women Entrepreneurs, with CEO Ciiru Waithaka​

6:30 PM - Here's a roundup of today's Global Voices interviews!

6:00 PM - How is fintech reshaping financial services to reach three billion unbanked people?

Credit: World Bank Group

#FintechInnovators are transforming financial services around the world and empowering financially underserved people and businesses.

Monica Brand Engel, Co-Founding Partner, Quona Capital, Benjamin E. Diokno, Governor Bangko Sentral ng Pilipinas, Ashraf Sabry, CEO, Fawry, and Andrew Torre, Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA), Visa Inc., discussed emerging opportunities and risks, the financial inclusion challenge, and regulatory strategies to foster inclusive innovation and financial expansion.

Here are some points they highlighted:

  • In five years, 50 percent of transactions will be electronic.
  • Customers’ preferences will continue to change. It’s hard to imagine that they will go to a bank branch in 10 years’ time.
  • Regulation matters— authorities need to create the right economic incentives for merchants to move out of shadow economies.
  • Cash is the most known brand in any country. It’s a tough competitor.
  • Personal financial management FinTechs will help consumers figure out the services that are most appropriate for them and link consumers with providers.
  • The goal of central banks is to protect consumers, especially the most vulnerable

Watch a recording and IFC CEO Philippe H. Le Houérou’s introduction here

5:45 PM - Themes at a glance on day 1

Here’s an easy—and visually appealing! –way of drilling down the themes and topics of interest amongst the global community at the start of today’s Annual Meetings. What stands out for you? 

 

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We're getting ready!

© World Bank

Are you getting excited? Because we sure are! We worked hard today to make sure we're ready to bring you LIVE coverage of the 2019 World Bank Group Annual Meetings. Remember, it all starts tomorrow!

This year's events will try to get to the heart of development, discussing themes that include inclusive economic growth, resilience and adaptation, human capital, jobs, women's economic empowerment and more. 

Delegates from our member countries, observer organizations, civil society, private sector, and media have begun coming in to register for events and attend preliminary meetings. The atmosphere here today is busier than usual, but with a vibrant excitement of what's to come. 

Before it gets too overwhelming, be sure to bookmark these pages for easy access to all the ways in which you can follow the Meetings online! 

Web: http://www.worldbank.org  

Live Events Schedule: https://live.worldbank.org/annual-meetings-2019  

Social Media: Facebook | Twitter | Instagram 

Don't forget that we're also multilingual! We'll bring you coverage in Arabic, French and Spanish. Follow these handles to get an inside look in the language of your preference:

العربية: @AlbankAldawli

Français: @BanqueMondiale

Español: @BancoMundial

Participate, ask questions, chat with us, and more importantly, ENGAGE in our discussions on some of the most pressing development issues today. See you soon!

Welcome to the Annual Meetings Live Blog!

Connect, engage and watch the World Bank Group activities at the 2019 Annual Meetings. Photos: © World Bank

Hi everyone and welcome! It’s that time of year again…we’re back to give you LIVE coverage as we take a deep dive into the 2019 Annual Meetings in Washington, DC.

If you’re like those of us global development professionals, you’re anticipating meeting other peers who live and breathe ending poverty. You're also attending some great sessions and listening to some amazing speakers on the mainstage. You’re probably also looking through the schedule trying to figure out which sessions to attend or tune in to! Events this year span across several themes, including human capital, poverty, resilience and adaptation, inclusive growth, women's economic empowerment, jobs and much more. 

And hey, have you read our kick-off blog? It has tons of information on how to stay tuned and connected during the Meetings! 

For example, did you know there are four ways you can follow the 2019 Annual Meetings?

1. Connect with top development experts.

  • This year’s speakers, delegates and attendees include top thought leaders and experts who will share the best solutions for today’s global development issues. Check out how you can network and interact with experts either face-to-face or online. There are even opportunities to get a hands-on experience with our top-notch Virtual and Augmented Reality or by visiting our World Bank Group Visitor Center

2. Engage on social media.

  • We'll be live tweeting our World Bank Group events on our social media channels in English, Arabic, French and Spanish. Participate in the event live blogs and follow #WBGMeetings
  • Film yourself taking our fun trivia challenge on development (“Who Wants to Be a Development Genius?”) and share on Twitter and Instagram using #DevGenius. We will include your video in our end of day highlights at the Annual Meetings.

3. Join our mailing list for news and updates about the Annual Meetings.

  • We will keep you informed with emails that include upcoming events, events recap, and highlights of big announcements during the Meetings. Here’s how you can subscribe.

4. Watch online if you can’t be at the Meetings in person.

  • If you can’t be at the Meetings in person, we’ve got you covered with World Bank Live, the World Bank's digital platform for live-streaming and engaging with global audiences. You can view a full rundown of events that we'll be live-streaming right here

Don’t forget to bookmark this space. We’ll be coming to you live in less than a week. See you then!

President Malpass speaks ahead of the 2019 Annual Meetings

© McGill University

The World Bank Group can help developing countries drive growth from the ground up, so that they can reduce poverty and create opportunities across every sector of society and the economy. 

This was the central message of President David Malpass’ speech on Monday at McGill University in Montreal, Canada.

Delivered ahead of the World Bank Group-IMF Annual Meetings, the speech was an important moment to highlight our mission: using country programs to help clients build strong policy frameworks and robust institutions, so that they can tackle a wide range of challenges and pursue broad-based growth.

The speech was followed by a lively discussion with students moderated by Isabelle Bajeux-Besnainou, Dean of the Desautels Faculty of Management at McGill.

Missed it? Tune in right here to catch the replay of the conversation! You can also read his speech as prepared.