Financial leaders face tough Ukraine talks
As finance ministers gather in Washington DC for the IMF World Bank spring meetings all eyes will be on the Ukraine crisis.
As Finance ministers of the world's nations gather here in Washington D.C. for the IMF World Bank’s spring meetings, the topic of Ukraine will loom large. Members of the Fund will likely try to hammer out a timeframe for the disbursement of the 80-billion-dollar aid package awarded by the IMF to Ukraine. This, amid concerns of the spillover effects of Russia's incursion, could shave as much as half of its percent of Russian’s own growth rate and perhaps even threaten to derail the world's nascent economic recovery.
While setting enough bit so cautions tone for these meetings, the IMF released its own research: putting global growth at 3.6% for this year with UK and the U.S. leading the charge.
But question still relays on how the world economies will deal with the end of the quantities easing and rising rates in the future.
We have begun to turn the corner from the global financial crisis. And the global financial stability is significantly improving. But I want to also tell you that it is too early to declare victory, because there is a need to move beyond liquidity dependence.
The Week's gathering will also see ECB'S President take to the stage facing growing concerns about possible deflation and falling prices in the crisis-hit euro zone. As such, any comments that Mario Draghi make on the subject of monetary stimulus for the bloc will be keenly watched. Mind you, since he speaks on Saturday, markets will have to wait for a new trading week to respond. And in the meantime, they will spend days guessing. Nina Dos Santos CNN Washington.