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U.S. Leaves World Bank Meeting in Protest as Russia Speaks -Breaking

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© Bloomberg. The International Monetary Fund’s (IMF), and the World Bank’s spring meetings signs outside Washington, D.C., U.S.A on Tuesday, April 19, 20,22. After Russia’s invasion of Ukraine and China renewing virus lockdowns, the IMF cut its global growth forecasts by more than 50%.

(Bloomberg) — Officials representing the U.S., Germany, Japan, and other nations walked out of a World Bank gathering on Friday when Russia’s envoy started speaking, the second such action at high-profile gatherings in Washington this week, people familiar with the situation said. 

The representatives were attending a meeting of the institution’s development committee, according to the people, who declined to be identified because the gathering is private. 

On Wednesday, U.S. Treasury Secretary Janet Yellen, European Central Bank President Christine Lagarde and other finance ministers and central bank governors walked out of a Group of 20 meeting, with Canadian Finance Minister Chrystia Freeland posting a photo of those who took part on her Twitter (NYSE:) account and saying “the world’s democracies will not stand idly by in the face of continued Russian aggression and war crimes.” Canada’s representative, along with officials from Italy, Norway and the United Kingdom, also walked out of the Friday meeting, the people said.

This week’s meeting was the first of the G-20 since Russia’s invasion of Ukraine began and was closely watched for signs of how the world’s leading international bodies are responding to Moscow’s aggression. This week, the G-20, which was established in 1990 to unite the largest developed and emerging market markets in a single platform to discuss key global issues, did not issue a communique after the Washington meeting.

 

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