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"The global economy is growing, but it is not growing very
dynamically. In other places, like here, it is not growing at
all," one of the sources said.
Structural reforms are therefore necessary, they added.
"In the medium term, global growth prospects are also
unsatisfactorily low," a source said.
This week's IMF spring meeting in Washington DC is taking place
in difficult times, recently exacerbated by the Iranian attack
on Israel.
On the margins of the meeting, the G20 finance ministers and
central bank governors will hold two meetings, each focusing on
a single topic.
On Wednesday evening, they will discuss climate financing,
followed by a meeting on Thursday morning on strengthening
international development banks.
A communiqué is not planned, the sources said.
German Finance Minister Christian Lindner and Bundesbank
President Joachim Nagel called for the IMF to refocus on its
core tasks, in a jointly written guest op-ed published in
Germany's Handelsblatt on Tuesday.
"Financing a development policy agenda is not the IMF's original
task and should rather be left to institutions such as the World
Bank," wrote Lindner and Nagel ahead of the spring meetings.
(Reporting by Christian Kraemer, Writing by Maria Martinez and
Miranda Murray, Editing by Rachel More)
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