Reserve Bank Governor to steer International and Monetary Financial Committee

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.

• READ: Kganyago's Best Governor award affirms SARB's good work – economist

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

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER