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Tuesday, April 16, 2024

Thailand was elected to host the 2026 IMF Council meeting, reflecting foreign confidence in the country.

The cabinet welcomes Thailand to be elected to host the annual meeting of the World Bank Council of Governors. and the International Monetary Fund in 2026, reflecting international organizations Confidence and belief in the potential of Thailand

On May 23, 2023, Mr. Anucha Burapachaisri, Deputy Secretary-General to the Prime Minister for Political Affairs acting as spokesperson for the Prime Minister’s Office Cabinet resolution statement Acknowledgment of the resolutions of the World Bank Council of Governors meeting and the International Monetary Fund (IMF) has agreed to allow Thailand to host the annual meeting. Council of Governors of the World Bank and International Monetary Fund 2026 on October 16, and let the Ministry of Finance and the Bank of Thailand take relevant actions. The Ministry of Finance will present to the Cabinet. to consider approving the budget framework Including seeking approval for the signing of a draft memorandum of understanding between Thailand world bank group and the International Monetary Fund as the next step.

The Ministry of Finance has proposed to host the 2026 annual meeting and has followed the steps of the World Bank and the International Monetary Fund. On December 14-16, 2022, the World Bank and International Monetary Fund Working Group Traveled to explore the meeting place, hotel accommodation, transportation system and the readiness of Thailand. and prepared a report on the results of assessing countries’ readiness to host the 2026 World Bank Council of Governors to the Governing Body of the World Bank and the International Monetary Fund. Representatives from 189 World Bank member countries and 190 International Monetary Fund members voted in favor of the host country. And on April 10, 2023, at the meeting of the World Bank and International Monetary Fund A resolution has been approved for Thailand to host the 2026 World Bank Council of Governors by the World Bank and the International Monetary Fund. There was a letter inviting the Thai working group to attend a meeting in October 2023 in Marrakech, Morocco to discuss and observe the hosting of the meeting. The Ministry of Finance will establish a joint committee between the Ministry of Finance. Bank of Thailand and related agencies in order to prepare to host the aforementioned meetings

World Bank and International Monetary Fund Meetings are held twice a year, including the Spring Meeting in April. which will be held in Washington, D.C., USA and the annual meeting in October, which will be held in Washington, D.C., USA for two consecutive times and will be circulated to member countries to host. Organize the meeting in the third year according to the tradition. The Kingdom of Morocco will host the 2023 annual meeting.

A spokesman for the Prime Minister’s Office revealed that Thailand is a member of the World Bank. and the International Monetary Fund on May 3, 1949, and hosted the World Bank Council of Governors meeting in 1991 in Bangkok. The Prime Minister also praised Thailand’s success in being selected as the host country for meetings and venues of world-class events. reflects that countries and international organizations Have confidence and believe in the potential of Thailand by current meeting Thailand has also been selected to host the 2026 World Horticultural Exposition in Udon Thani Province. And is in the process of bidding to host the 2028 World Expo in Phuket as well.

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