The 2014 International Monetary Fund and World Bank Spring Meeting has begun in Washington. During the three-day meeting, finance ministers, central bank governors and economists from more than 180 countries and regions will evaluate the world economy.
The theme of this year's meeting is "Global Challenges: Global Solution". They will also discuss the future of the global economy, the structural reform of the emerging economies, and the geopolitical risks triggered by the crisis in Ukraine.
On Friday, the IMF said the economic growth in the Asia-Pacific region is slowing down, but it is still the most active area in the world. Meanwhile, the primary task for the Asia-Pacific region should be promoting structural reform to maintain the sustainability of development.
The World Bank chief, Jim Kim, also stressed the urgency of structural reform.
