User:Yves Bashonga

The 2016 World Bank-IMF annual meeting:

The 2016 World Bank –IMF annual meeting will be very important, as is each year, but this one seems to be very special because the first term of President Jim Yong Kim has concluded. Therefore the organization needs to elect him as the World Bank president for a second term and secondly the World Bank need to have adequate resources to continue with its programs as usual. President Jim Young has been the President of the World Bank since 2012. His second term was renewed by United States, President Barack Obama last week. The World Bank president’s term is renewed every five years. President Jim Yong just finished his first term, during which he did so many things such as fighting poverty, maintaining African and some European economies very strong. We can see how the economies of African countries are great and the poverty is reduced by fighting corruption and good governance. For example, according to the World Economic Forum, Rwanda reduced the percentage of people living below the poverty line from 57% in 2005 to 45% in 2010. Despite this, 63% of the population still live in extreme poverty, defined by the World Bank as less than $1.25 a day. Infrastructures are progressing in most African countries. People have access to technology such as the internet and social media such as Facebook, What’s App, among others. Traveling between countries is becoming very easy. Last year I traveled from the eastern part of the Democratic Republic of the Congo by road through Rwanda to Tanzania with good conditions. The 2016 The World Bank- IMF annual meetings 2016 is important so Africans leaders so they can recognize the job done by President Jim Yong during his first term. It's well known that the United States is the largest contributor of the World Bank, this annual meeting will help the United States itself to seek more collaboration among the World Bank contributors and to expand its programs in the world. The World Bank and IMF need to lobby for additional funds from contributor’s countries such Europeans countries and the United States. Annual meetings are important and are signs of transparency because the World Bank-IMF will be obligated to present their annual report to contributors before seek more funds to expand their programs in the World. Since the United States is in the electoral season time we hope that more funds will be available to support the programs the World-Bank had and we believe that the next elected president of the United States will continue to support World Bank programs as usual. In conclusion, the World Bank and IMF are two International Organizations that need to be supported by donors such as the United States and Europeans countries. It is well known how this organization is trying to reduce poverty by fighting corruption and support good governance. Many countries, such as the Republic of Rwanda are taking advantage of the World Bank and these advantages are making them improve their economy and infrastructures.

Yves Bashonga ybashonga@yahoo.com