Key takeaways from the IMF/World Bank meetings
© Reuters. World Bank President Ajay Banga, World Bank Secretary Mercy Tembon, Ukraine Minister of Finance Serhiy Marchenko, International Monetary Fund Secretary Ceda Ogada and Managing Director of the International Monetary Fund , Kristalina Georgieva p
Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Central bankers signalled readiness to end interest rate hikes if events allow, hopeful that inflation can be finally tamed without too hard a landing. One policy area where this could have a knock-on effect is the fight against climate change. Vitor Gaspar, head of the IMF's fiscal division, warned current subsidies-based policies were failing to deliver net zero emissions and that scaling them up would explode public debt."Countries will need a new mix of policies with carbon pricing at the centre," the Fund concluded.
One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France.
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