IMF, World Bank vow to partner more closely ahead of G-20 summit

The heads of the International Monetary Fund and the World Bank said Thursday that the multilateral lenders will collaborate more closely to tackle significant challenges, particularly climate change, debt vulnerabilities and digital transition.

The pledge by IMF Managing Director Kristalina Georgieva and new World Bank President Ajay Banga came ahead of this weekend’s summit of the Group of 20 major economies in India, where the enhancement of multilateral development banks is expected to top the agenda.

“The world confronts significant economic challenges, the existential threat of climate c...