Minister for Finance Edward Scicluna is attending the 2019 International Monetary Fund (IMF) and the World Bank Group (WBG) annual meetings in Washington, USA, which are being held between 15 and 21 October.

PRESS RELEASE BY THE MINISTRY FOR FINANCE

These annual meetings serve as a platform for finance and development ministers, central bank governors, private sector executives, and academics to discuss issues of global concern including the world economic outlook, external environment and development challenges.

Minister Scicluna is holding talks with senior officials of leading international financial institutions on the fringe of the IMF autumn meeting regarding Malta’s economic, fiscal and financial outlook as well as its challenges for the coming years.

Minister Scicluna met with the rating agencies including Moody’s, Fitch Ratings, DBRS and Standards and Poor’s and had high-level meetings with the World Bank Executive Director, Patrizio Pagano the international Monetary Fund (IMF) Executive Director Domenico Fanizza and World Bank representative for the Maghreb Jesco Hentschel.

Meetings were also held with the IMF’s Article IV Mission, Jean-Marc Natal, and Mahmood Pradhan, Director at the IMF’s European Department. The delegation also held meetings with a number of Bank officials including a delegation from the Industrial and Commercial Bank of China, led by Deputy Chief Executive, Samuel Tong and Deutsche Borse, led by Stephan Leithner, member of the Executive Board.

Minister Scicluna attended the Commonwealth Finance Ministers meeting on the eve of the IMF meetings. He exchanged views with the Commonwealth Secretary General, Baroness Patricia Scotland.

Minister Scicluna participated in the Ministerial Roundtable of the Small States Forum and in the Group of thirty: International Bank Seminar.

Minister Scicluna was accompanied by Central Bank of Malta Deputy Governor Alexander Demarco.

The Commonwealth Finance Ministers Meeting was held at the IMF Headquarters during the 2019 IMF/World Bank Annual Meetings, October 17, 2019 in Washington, DC. IMF Photograph/Cliff Owen

Sunday 20th October 2019