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Motion congratulating Governor Lesetja Kganyago on his appointment as chair of the International Monetary and Financial Committee (IMFC)

The African National Congress moves without notice: That the House

1) congratulates the Governor of the South African Reserve Bank Mr. Lesetja Kganyago on his appointment as the chairman of the International Monetary and Financial Committee (IMFC) on Thursday 18 January 2018;
2) notes that The IMFC is the primary advisory body of the IMF Board of Governors and deliberates on the principal policy issues facing the IMF and has 24 members;
3) further notes that he is the first IMFC Chair from the Sub-Saharan African region;
4) understands that he already serves as South Africa`s Alternative Governor on the IMF Board of Governors and brings a wealth of experience to the position;
5) remembers that he served as Deputy Governor of the South African Reserve Bank from May 2011, and was responsible for a wide range of areas, including research, financial stability and regulatory reform, bank supervision, and risk management and compliance;
6) recalls that the IMFC provides strategic direction to and makes decisions on crucial matters involving the international monetary and financial system;
7) believes that Mr Kganyago will leverage this appointment to ensure that the voices of developing countries are always taken into account in decision-making;
8) further believes his appointment is a resounding affirmation of a global confidence in South Africa`s financial institutions; and
9) congratulates Mr Kganyago and wishes him well in his new position of responsibility.

     
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