International Monetary Fund chiefs in today

AN INTERNATIONAL Monetary Fund (IMF) delegation led by deputy managing director David Lipton and IMF African Department director Abede Selassie is expected in Livingstone today for a high-level conference on managing capital flows in developing and low-income countries.

Minister of Finance Felix Mutati says the conference will explore the landscape on policy challenges in managing capital flows in a globalised world.
Mr Mutati said the meeting will also interrogate policy tools that could be deployed to manage the challenges posed by capital flows, macro-economic policies and capital controls.
This is contained in a statement issued yesterday by Ministry of Finance head of media and public relations Chileshe Kandeta.
“The conference will also discuss recent trends and behaviour of capital flows to low-income countries in the current juncture of fragile external economic conditions globally,” Mr Mutati said.
He said Zambia has become a point of focus for the international monetary community due to the country’s positive and active participation in international events such as the recent IMF World Bank spring meetings in Washington DC.
Mr Mutati said panellists and delegates to the Livingstone conference will be drawn from the United States, United Kingdom, South Africa and Zambia, among others.
And Mr Mutati has commended the media in Zambia for being a herald of hope and transformation in Government’s quest to stabilise the economy.


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