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Khanyago appointed new IMF Chairperson

President Jacob Zuma has congradulated the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago on his appointment as the new chairman of the International Monetary Fund’s (IMF) International Monetary and Financial Committee (IMFC).

“The appointment of  Kganyago is a point of reference in our call to incorporate representation of expertise and leadership  from emerging and developing economies in the worldwide monetary field,” said President Zuma said in an announcement on Friday.

IMF is an association of 189 nations, attempting to encourage worldwide money related participation, secure budgetary strength, encourage global exchange, advance high business and practical financial development, and lessen destitution around the globe.

“We wish Governor Kganyago achievement in his new part and we are certain that he will represent to us well. He is equivalent to the undertaking,” said President Zuma.

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