The South African Reserve Bank (SARB) Governor Mr Lesetja Kganyago has been appointment as the new chairperson of the International Monetary Fund’s (IMF) International Monetary and Financial Committee (IMFC).
The announcement was welcomed by the Reserve Bank and he will serve as the chairperson of the IMFC for a term of three years, effective from 18 January 2018
The IMFC, comprising finance ministers and central bank governors, is the primary
advisory body of the IMF Board of Governors it deliberates on the principal policy issues
facing the IMF. The IMFC meets twice a year, during the spring (April) and annual
meetings (October) of the IMF and the World Bank.
Its next meeting will be held on 20-21 April 2018 in Washington, D.C.
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Full Appointment Statement:
[embeddoc url=”https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/8214/SARB%20welcomes%20selection%20of%20Governor%20Kganyago%20as%20IMFC%20Chairman%20Final.pdf” download=”all”]