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Finance Minister leads government delegation to the 2016 IMF/World Bank meeting


By: Fred Yaw Sarpong

The Minister of Finance, Mr. Seth Terkper is leading a Government delegation to the 2016 IMF/World Bank Annual Meetings to be held in Washington DC, from today till October 14.

According to a statement from the ministry, the delegation is made up of officials from the Bank of Ghana (BoG) including the Governor, the Chairman of the Finance Committee in Parliament and officers from the Finance Ministry.

It noted that the delegation expected to take part in the African Caucus Meeting with World Bank President Jim Yong Kim, as well as the African Caucus Meeting with IMF Managing Director, Christian Lagarde.

“They would also hold a side meeting with IMF Deputy Managing Director, Tao Zhang,” the statement said.

Mr. Terkper and his team are scheduled to have a meeting with the Commonwealth Secretary General, Her Excellency Patricia Scotland and attend the Commonwealth Finance Ministers Meeting to be held on the sidelines of the Annual meetings.

“Other meetings they would attend include the G24 Deputies Meetings and a closed door meeting of Finance Ministers and Central Bank Governors of Sub-Saharan African countries with David Owen, Ag. Director for African Department on the Regional Economic Developments,” the ministry stated.

Aside the obligatory meetings with the IMF and the World Bank, the delegation will hold bilateral discussions with other partner countries, financial institutions and private sector investors.

The Ghanaian delegation will in addition sign a loan agreement for the “Expansion and Development of Existing High Schools Project” with Kuwait Fund for Arab Economic Development.

The Board of Governors of the World Bank Group (WBG) and the Boards of Governors of the International Monetary Fund (IMF) normally meet once a year to discuss the work of their respective institutions.

The Annual Meetings bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system.



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