A pedestrian walks past the IMF headquarters in Washington. AFP
A pedestrian walks past the IMF headquarters in Washington. AFP
A pedestrian walks past the IMF headquarters in Washington. AFP
A pedestrian walks past the IMF headquarters in Washington. AFP

World Bank and IMF to hold spring meetings from April 18-24


Alkesh Sharma
  • English
  • Arabic

The World Bank Group and the International Monetary Fund said on Thursday that their 2022 spring meetings will take place from April 18-24.

The meetings will be held in a hybrid format and those attending can participate in person or virtually.

Public events — including seminars, civil society organisation engagements and press conferences — will be virtual and accessible on IMF and World Bank digital platforms, the entities said in a statement.

“To accommodate time differences, events may take place in the week before and after the spring meetings,” the groups said.

“The IMF and WBG will continue to monitor the worldwide health situation and if needed, amend this plan in accordance with relevant [WHO and Centres for Disease Control and Prevention] guidance.”

The spring meetings typically gather thousands of government officials from member countries, journalists and businesspeople at the organisations' headquarters, located a few blocks from the White House in Washington.

This is not the first time the IMF and World Bank are taking measures to amend the format of the meetings.

In 2020, they adopted a virtual format due to Covid concerns. Following the 9/11 terrorist attacks in the US, the organisations postponed the event and moved policy meetings to another location.

Last month, the World Bank and the IMF announced that their joint annual meeting would be held in Washington in October, not Morocco, as planned. The meetings were originally scheduled to be held in Marrakech but organisers changed the venue because of “continuing uncertainty over the Covid pandemic”.

UAE currency: the story behind the money in your pockets
Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

If you go

The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.

Cherry

Directed by: Joe and Anthony Russo

Starring: Tom Holland, Ciara Bravo

1/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Updated: February 17, 2022, 10:41 PM