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Ahmad Husni To Lead M’sian Delegation To World Bank-IMF Meetings

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KUALA LUMPUR – Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah will lead the Malaysian delegation to the World Bank-IMF Spring Meetings and the G20 Finance Ministers and Central Bank Governors Meeting from April 15 to 17, 2015 in Washington.

The Ministry of Finance (MoF) said as the Chair of ASEAN, Malaysia would represent the region at the G20 Finance Ministers and Central Bank Governors meeting.

The meeting will deliberate on the global economy, further measures to foster sustainable growth, improvements to the international financial architecture, financial regulations and international tax issues, MoF said in a statement today.

It will be divided into five sessions, namely the ‘Global Economy’; the ‘IMF Reform’ (IMF quota and governance reform; ‘Investment and Infrastructure’ as a powerful driver of growth; ‘Financial Regulation’; and ‘International Tax Issues’.

There will also be a working dinner that will delve on the development of low income developing countries, particularly on their growth outlook and infrastructure needs.

The MoF said Ahmad Husni would enlighten the G20 meeting on ASEAN’s progress and initiatives, as well as, highlight the region’s concerns towards ensuring stable and sustainable growth for the region.

“Malaysia’s participation at the G20 meeting is important as it represents the voice of ASEAN and its concerns at the international forum,” the MOF said.

Meanwhile, The World Bank and IMF Meetings will dwell on the progress of WBG’s and IMF’s activities, including policies and programmes implemented by both institutions in assisting member countries, mainly through loans, monitoring and capacity building.

The International Monetary and Financial Committee and Development Committee meetings will deliberate on current issues relating to the global economic outlook and financial stability, the statement said.

It said issues of global concern relating to trade, infrastructure, health, disaster risk management, the environment and its impact on global economic growth and development will also be discussed.

The G20 is a conference of the world’s 20 largest economies as measured by gross domestic product and represents about two-thirds of the world’s population; 85 per cent of global gross domestic product; and over 75 per cent of global trade.

The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union.

The invited guests include ASEAN, African Union and international organisations. – BERNAMA

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