MUSOKOTWANE ATTENDS IMF/ WORLD BANK GROUP ANNUAL MEETINGS

By Flavior Kanungo

THE 2022 annual meetings of the International Monetary and the world Bank Group have commenced in Washington DC, United States of America.

Minister of Finance and National Planning Dr Situmbeko Musokotwane, MP, is leading Zambia’s delegation to annual event which brings together Central Bank Governors, investors, and several other stakeholders to a common space to discuss and agree on solutions to the challenges facing the global economy such as low commodity prices, unstable macro-economic environment’s and low investments.

During the week-long Annual Meetings, the Zambian delegation will participate in a series of IMF and World Bank Organised Meetings, engage investors and hold bilateral talks with Zambia’s other development partners on a bilateral basis.

Dr. Musokotwane is accompanied by Secretary to the Treasury Felix Nkulukusa, Permanent Secretary (Budget & Economic Affairs) Mukuli Chikuba, Bank of Zambia Governor Dr Denny Kalyalya and the Bank of Zambia Deputy Governor, Francis Chipimo.

The Minister was met on arrival in Washington DC, late on Monday, by Zambia’s Ambassador to the United States, Lazarous Kapambwe who described Zambia’s participation in the meetings as a crucial step in strengthening development cooperation and sustaining investor interest in the country’s various aspects of development.

Dr. Musokotwane is later expected during the IMF Africa Group One (1) to participate in the policy dialogue on managing crises, inflationary pressures, debt and food security as well as make an intervention statement at another event at which he will speak about rising vulnerabilities to debt distress and lessons from the common framework.