Musokotwane leads Zambian delegation to Washington for IMF/WB Spring meetings


A high-level Zambian delegation, led by Finance and National Planning Minister, Situmbeko Musokotwane, is participating at the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group.

The meetings which started on Monday, would end on Sunday, April 21, 2024.

During the week-long Spring Meetings, the delegation would participate in a series of IMF and World Bank scheduled events, hold bilateral talks with other development partners, and engage investors from across the globe.

This is contained in a statement issued on Monday by the Ministry of Finance and National Planning.
Apart from a bilateral meeting with IMF Managing Director, Kristalina Georgieva, and her team, the delegation would attend the International Monetary and Finance Committee (IMFC) Plenary (the highest organ of the IMF) and the African Consultative Group Meeting of the African Caucus with the IMF Managing Director.

“The team will also engage the IMF African and Fiscal Affairs Departments, and participate in the IMF Africa Group 1 Constituency meeting on various aspects of development cooperation and international economic affairs affecting Zambia,” the statement indicated.

Concerning the World Bank Group, the delegation would, among other engagements, participate in the African Consultative Group Meeting with the World Bank Group President, Ajay Banga.

The delegation would also hold separate consultative meetings with various divisions of the World Bank Group, the African Group 1 Constituency, and the International Finance Corporation.

Summing-up the importance of his participation at the meetings, Musokotwane said the engagement were important in Zambia’s economic transformation journey, and good for consolidating the attractiveness as one of best investment destinations.

“As Zambia, we look forward to global geo-political harmony to forge international consensus on areas of common interest such as food security through intensive use of technology in boosting agro-production, debt, income-generating opportunities for micro-small-medium scale enterprises, the youth and women, and an environment for solid growth,” the Minister concluded.

Musokotwane is accompanied by Secretary to the Treasury, Felix Nkulukusa, Bank of Zambia Governor, Denny Kalyalya, acting Permanent Secretary (Budget & Economic Affairs), Mwaka Mukubesa, Zambia Revenue Authority Commissioner-General, Dingani Banda, and Central Bank deputy Governor (Operations), Francis Chipimo.

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