18 January 2018

South Africa: ANC Congratulates SA Reserve Bank Governor Mr. Lesetja Kganyago On Appointment As Chair of the Intrnational Monetary and Financial Committee of the International Monetary Fund (Imfc)

press release

The African National Congress (ANC) congratulates the Governor of the South African Reserve Bank (SARB) Mr. Lesetja Kganyago on his appointment as the new chairperson of the International Monetary Fund's (IMF) International Monetary and Financial Committee.

The transformation of international financial institutions such as the IMF and the World Bank in order to give a greater voice to emerging economies and at the same time advance development friendly global multilateral trade regimes; has long been a cornerstone of the ANC's International Relations policy. To this end, it is crucial that there is greater representation of developing countries across the management structures of these important institutions.

Mr. Kganyago is the first IMFC Chair from the Sub-Saharan African region. His appointment is a resounding affirmation of a global confidence in South Africa's financial institutions. The IMFC provides strategic direction to and makes decisions on crucial matters involving the international monetary and financial system and the ANC hopes he will leverage this appointment to ensure that the voices of developing countries are always taken into account in decision-making.

Mr. Kganyago already serves as South Africa's Alternative Governor on the IMF Board of Governors and brings a wealth of experience to the position. The African National Congress wishes him well in his new role.

Issued by the African National Congress


Zizi Kodwa

082 330 4910

Khusela Diko

072 854 5707

South Africa

Penalties for Protest Conveners Too Severe, Constitutional Court Hears

The Social Justice Coalition has argued in the Constitutional Court that it is unlawful and unconstitutional to… Read more »

See What Everyone is Watching

Copyright © 2018 African National Congress. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.