Saturday, September 24, 2011

(LUSAKATIMES) Zambia attends the 2011 IMF/WB meeting

Zambia attends the 2011 IMF/WB meeting
TIME PUBLISHED - Saturday, September 24, 2011, 1:07 pm

Deputy Governor for Bank of Zambia responsible for operations Dr. Austin Mwape is currently attending the ongoing 2011 International Monetary Fund (IMF) and World Bank meetings in Washing DC.

Director of Budget at the Ministry of Finance and National Planning is leading the Zambian delegation to the meetings which started on 22nd September and are expected to end on the 26th of September, 2011.

The meetings are among other things focusing on job creation, global economy, gender issues and climate change, the 12th Five Year Plan including the role of financial reform in transforming China’s growth.

This is contained in a statement made available to ZANIS in Lusaka today signed by Secretary to the Press in Washing DC Ben Kangwa.

The delegation will also hold bilateral discussions with other partner financial institutions to discuss Zambia’s reclassification to Lower Middle Income Country.

“ The delegation is also scheduled to meet the African Department of IMF to discuss the preliminary focus of the 2012 budget and the way forward on the economic programme, “ Mr Kangwa said.

He said other meetings will be held with the Fiscal Affairs Department to discuss technical assistance in revenue administration and the public financial management reforms.

Mr. Kangwa noted that the delegation is further expected to meet with the World Bank Director Colin Bruce on strategy and operations of the Africa Region including the International Finance Corporation (IFC).

The IMF and World Bank Board of Governors normally meet once a year between the period of September and October in Washington and in another member country during the third year to discuss the work of their respective institutions.

The meetings give an opportunity to governors to take up matters of business and consult with one another on how current international monetary issues should be addressed among other things.


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