Global economy faces challenges as key meetings take place in US and Russia
Summary: This week, the International Monetary Fund and World Bank are meeting in Washington, D.C., amid concerns about a fragmented global economy. Their discussions will focus on improving their roles in financing development and addressing climate change.
In Russia, the BRICS+ summit is taking place, with new members like Egypt and Saudi Arabia joining. This group aims to challenge Western dominance in global financial institutions, but faces internal divisions and differing economic goals among its members.
Both meetings are influenced by the potential return of Donald Trump, whose trade policies could disrupt the existing global economic order. The IMF warns that global public debt may reach $100 trillion by year-end, raising concerns about economic stability.
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