IMF & WORLD BANK MEETING SUCCESSFUL: CBSI GOVERNOR

Central Bank Governor Denton Rarawa. Photo credit: SIBC.

The Governor of Central Bank, Denton Rarawa has described the 2014 Annual Meeting of the World Bank and International Monetary Fund which he attended in Washington DC as “very successful”.

Held every first week of October each year, Mr Rarawa said the meeting discussed world economic issues.

“These annual meetings are normally held every year around the first week of October where all the members of the IMF and the World Bank come together, especially at the Minister of Finance level, Governors of Central Bank level to discuss issues dealing with the world economy and then also we have bilateral meetings dealing with issues that are relevant to countries in the national levels.”

The Central Bank Governor added, the Bank met with country’s development partners, including the World Bank and other institutions, and they have indicated their support to the Solomon Islands.

“We’ve had meetings with our development partners like World Bank and the other institutions that form the World Bank like IFC, the Multilateral Investment Guarantee Agency (MIGA) and also the IMF, they have been very supportive to our situation especially after the floods. They are quite willing to support us and they have indicated their support to the country so I am pleased with the outcome of the meeting. In terms of IMF they are also very supportive to our country and also the have indicated their willingness to support us in terms of technical assistance and other support.”