International Monetary Fund, World Bank Ponder World Economy Slowdown

The slowing down of growth rates of the world economy is in focus at a session of the leading bodies of the International Monetary Fund and the World Bank, which opened in the American capital on Monday. Its work is attended by representatives of 183 countries. The Russian delegation is led by Vice-Premier and Finance Minister Alexei Kudrin. Among delegates is Tatiana Paramonova, first deputy chief of the Central Bank of Russia, and Andrei Illarionov, economic aid to the Russian president. The RIA Novosti correspondent reports that session participants consider ways of giving an impulse for growth of the world economy. As prophesied by the International Monetary Fund, next year world economic growth will decline to 3.2 percent in comparison with 4.8 percent in 2000. The second in importance theme at this session is reform of international lending institutions. It is, specifically, aversion of financial crises and anti-crisis relief operations. Also in discussion is giving aid to poorest countries in their economic development and uprooting of poverty. Leading-bodies conferences of world financial institutions last two days. As the custom goes, on the first day is held a sitting of the international monetary committee of the board of managers of the IMF. On Monday will be held a sitting of the joint ministerial committee of the IMF and World Bank board of managers on transfer of real resources to developing countries. It is better known as the Development Committee. 24 persons, representing a country or a group of countries, participate in work of each of these committees Russia participates in work of both the committees.

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