The World Bank and the International Monetary Fund announced Friday that they plan to hold their annual meetings in 2015 in the Peruvian capital of Lima.
The organizations said in a statement that it is the first time annual meetings will be held in Latin America since 1967, when the meetings took place in Rio de Janeiro.
The meetings bring together the finance ministers and central bank governors from 188 member countries.
“They serve to discuss international economic and financial developments, the state of the global economy, and policies to reduce poverty and promote inclusive economic growth,” the statement said.
Civil society groups, the private sector, and academics also take part in the discussions.
Lima has been the venue for a number of global-level summits and meetings in recent years, the results of a long-term government strategy to make Lima the business and trade hub for South America.
On October 1 and 2 this year, some 400 Arab and Latin American business leaders will be in Lima for the second summit of the heads of state of Arab and South American countries, ASPA, a meeting that had een scheduled for last year and had to be postponed due to the political unrest in the Middle East.
In April 2013, Peru will host the World Economic Forum on Latin America, the regional meeting of the WEF held in January every year in Davos, Switzerland.
