BSP Joins IMF-World Bank 2024 Annual Meetings

Governor Eli M. Remolona Jr. and Monetary Board Member Rosalia V. De Leon led the Bangko Sentral ng Pilipinas (BSP) delegation to the 2024 International Monetary Fund (IMF) and World Bank Group (WBG) Annual Meetings held in Washington, D.C., from Oct. 21 to 26.

This year’s meetings centered on the IMF’s Global Policy Agenda theme, “Secure a soft landing and break from the low growth-high debt path.” IMF Managing Director Kristalina Georgieva highlighted the need to ensure inflation returns to target, safeguard debt sustainability, rebuild fiscal buffers, and implement growth-enhancing reforms to boost investments, job creation, and productivity.

Governor Remolona attended multiple sessions, including the ASEAN-IMF Managing Director Roundtable on “Navigating the future of ASEAN economies in a fragmented world,” the Annual Meetings Plenary, and a bilateral meeting with the IMF to discuss technical assistance provided by the Fund. He also met with Filipino staff at the IMF and WBG.

During the Annual Meetings, Governor Remolona was recognized as one of the world’s 25 best central bankers for 2024 at the Global Finance 2024 Best Awards Ceremony.

The BSP delegation joined additional meetings, such as the Intergovernmental Group of Twenty-Four (G-24) Deputies and Ministers/Governors meetings, the 55th Joint Governors’ Meeting of the IMF-WBG Southeast Asia Constituency, and various investor conferences and meetings with credit rating agencies.

These discussions covered updates on global and regional economic and financial developments, near- and medium-term challenges, and the global outlook and policy agenda.