IMF-World Bank Meet

Meanwhile, Moody's Ratings has slated Friday for a possible report on France, which faces intense investor scrutiny at present. With its assessment one step higher than major competitors

Global finance leaders face a major uncertainty as they meet in Washington next week: Who will win the U.S. presidential election and shape the policies of the world's biggest economy? Republican nominee former President Donald Trump and Democratic nominee Vice President Kamala Harris have spoken little about their plans for the International Monetary Fund and the World Bank. But their differing views on trade, tariffs and other economic issues will be on the minds of the finance leaders as they attend the financial institutions' annual meetings. IMF Managing Director Kristalina Georgieva alluded to what's at stake in a curtain-raiser speech Thursday ahead of the meetings. Without naming Trump, she warned that major players, driven by national security concerns, are increasingly resorting to industrial policy and protectionism, creating one trade restriction after another. She said trade will not be the same engine of growth as before, warning that trade restrictions are like pouri

Prime Minister Shehbaz Sharif, whose coalition government has only been in power for seven months, is urging patience in a country that can no longer keep up

The IMF released a statement last week saying that "a number" of its board members were open to reviewing policies around surcharges, the fees that it charges nations that borrow more

Union Finance Minister Nirmala Sitharaman will arrive here on Tuesday to attend an important meeting of the International Monetary Fund and the World Bank. The finance minister during her visit will also hold a bilateral meeting with US Treasury Secretary Janet Yellen. Sitharaman upon her arrival will participate in a fireside chat on "India's Economic Prospects and Role in the World Economy" at the prestigious Brookings Institute think-tank and soon after hold a bilateral meeting with Yellen at the Department of Treasury. At an official dinner hosted by India's Ambassador to the US Taranjit Singh Sandhu, nearly 30 senior representatives of the US Administration, World Bank, IMF, and CEOs of the private sector are expected to participate. In addition to her one-on-one meeting with the IMF Managing Director Kristalina Georgieva and World Bank President David Malpass, the finance minister is scheduled to have bilateral meetings with countries like Japan, South Korea, Saudi Arabia, ..

May hold bilateral meetings with counterparts of other nations. There could also be a G-20 meeting on the sidelines, with focus on India's upcoming presidency of the multi-nation grouping

The meeting between Sitharaman and Iweala took place on the sidelines of the World Bank and IMF annual meetings

G20 finance ministers and central bank governors repeated their pledge to refrain from competitive currency devaluations