WASHINGTON - Finance Minister Ishaq Dar will represent Pakistan at the Spring IMF-World Bank meetings on the global economy, international development, and the world's financial markets that are underway here.

The meetings are taking place at a time when the US economy bubbles, the eurozone recovers and developing countries' growth sputters.

Facing shifting global fortunes, leaders of the International financial institutions are pushing member nations to boost the world economy's prospects above what IMF Managing Director Christine Lagarde calls "the new mediocre" --- low growth for a long time.

"We must prevent that new mediocre from becoming the 'new reality,' " she said in a speech.

The IMF-World Bank spring meetings are likely to feature discussions of Greece's efforts to ease the terms of its bailout, and crushing debt in the Ukraine and Brazil. Two seminars on financial regulation and monetary policy will spotlight former Federal Reserve chiefs Paul Volcker and Ben Bernanke. Others will tackle a dizzying array of global dilemmas, including cheap oil, the future of food, the world's aging population and the Ebola crisis — the last featuring UN Secretary General Ban Ki Moon.

Many economists predict the global economy will grow 3.4 percent this year, in line with last year's modest showing. But in the US, a strong dollar is hurting exports. Cheap oil and other commodities are lifting consumption in advanced economies but hobbling the emerging markets that produce them, such as Russia and Brazil.

The eurozone is showing promise. The region posted feeble growth of 0.9 percent in 2014 and is battling falling prices that risk another recession. But low fuel prices are leaving consumers more discretionary cash. A weak euro is making exports cheaper, bolstering manufacturers.  The European Central Bank's massive bond-buying stimulus is pushing down interest rates and goosing stocks. Officials said Senator Dar would take part in a number of events focusing on the country’s economic development and investment potential.

Besides meeting with senior leaders of the international financial institutions, Dar will also have the opportunity to discuss Pakistan-US cooperation with top American officials at the USAID, and Treasury and State departments. The finance minister will also speak at Washington’s Carnegie Endowment for International Peace, and shed light on Prime Minister Nawaz Sharif government’s policy to bolster economic growth and overcome the challenges in the years ahead.