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Meeting in Lisbon of the members of Portugal's Constituency at the IMF and the World Bank.

constituencymeeting 2018

Portugal hosted today a meeting of the members of its Constituency at the International Monetary Fund and the World Bank.

The meeting took place at Banco de Portugal’s head office in Lisbon and brought together Governors and Alternate Governors of the Constituency’s member countries at both institutions. Portugal was represented by the Minister of Finance Mário Centeno and Governor of Banco de Portugal Carlos da Silva Costa.

Today’s debates included the main topics on the policy and institutional agendas of the IMF and the World Bank as well as climate change, its macroeconomic impacts and the role of related policies, a global issue where international cooperation is of the utmost relevance.

Member states of the IMF and the World Bank are organized into groups of countries, or “constituencies”, linked by geographical proximity, shared interests or languages. Each constituency elects an Executive Director to represent its members in the Executive Board of the IMF and the World Bank. The Italian Constituency in the IMF also includes Albania, Greece, Malta, Portugal and San Marino and is represented by the Italian Executive Director Alessandro Leipold. The Constituency in the World Bank includes the same group of countries plus Timor Leste, and is represented by the Italian Executive Director Patrizio Pagano.

Today’s Constituency meeting in Lisbon was the second outside the context of the IMF/WB meetings in Washington, following last year’s meeting in Rome.