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RBZ Governor in USA for IMF/World Bank Annual Meeting

  • VOA News

FILE: Zimbabwean central bank governor John Mangudya delivers his 2016 Monetary Policy statement in Harare, Feb. 4, 2016.

FILE: Zimbabwean central bank governor John Mangudya delivers his 2016 Monetary Policy statement in Harare, Feb. 4, 2016.

Central bank governor John Mangudya and some senior state officials are attending the annual International Monetary Fund-World Bank meeting in Washington D-C with Zimbabwe already seeking new lines of credit from the international finance institutions.

Lenders have asked the country to address several issues, including the compensation of whites who lost their land under Zimbabwe’s controversial land reforms, before the southern Africa nation gets fresh loans.

Zimbabwe owes the World Bank, IMF and several institutions millions of dollars.

Mangudya said the meeting is not expected to deliberate on Zimbabwe’s attempts to get loans from the two institutions.

Each spring, thousands of government officials, journalists, civil society organizations, and participants from the academia and private sectors, gather in Washington DC for the Spring Meetings of the International Monetary Fund and the World Bank Group.

At the heart of the gathering are meetings of the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee, which discuss progress on the work of the IMF and the World Bank Group.

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

This year’s Spring Meetings events will started Tuesday and are expected to end Sunday. The plenary session of the IMF and World Bank Group's Boards of Governors is scheduled only during the Annual Meetings in autumn.

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