As world leaders arrive in Washington, DC for the IMF and World Bank Annual Meetings, the IMF releases its flagship World Economic Outlook report, where it forecasts growth as, "underwhelming" for 2024 and 2025 at 3.2%.

Eric LeCompte, Executive Director of the religious development group Jubilee USA Network and a United Nations finance expert who monitored IMF meetings since 2010, releases the following statement on the IMF Meetings and World Economic Outlook Report:

“Global economic growth is still forecasted to be below pre-pandemic levels.

“Growth projections for the Middle East and Sub-Saharan Africa worsened, with climate, conflict and civil unrest impacting their economies.

“The IMF says many developing countries face challenges with paying their debts.

"The IMF reiterated that many countries will need debt restructuring."

Read the full World Economic Outlook Report here.

Read Jubilee USA's press release on IMF chief Kristalina Georgieva's curtain raiser speech here. 

Find Jubilee USA's IMF and World Bank Annual Meetings events here.