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Reserve Bank Governor to steer International and Monetary Financial Committee

Jan 18 2018 18:26
Lameez Omarjee

Cape Town – Reserve Bank Governor Lesetja Kganyago has been appointed chair of the International Monetary and Financial Committee (IMFC).

The Reserve Bank made the announcement in a statement on Thursday afternoon.

Kganyago will serve as chair of the committee for a three-year term, effective from January 18, according to the statement.

The IMFC consists of finance ministers, central bank governors and is the primay advisory body of the IMF board of governors and deliberates on principal policy issues facing the IMF, the Reserve Bank explained. 

The IMFC meets twice a year, during April and at the annual meetings of the IMF and World Bank in October.

Last year Kganyago was named Central Bank Governor of the Year for Sub-Saharan Africa.

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