IMF annual meetings in Marrakech occasion new beginning – Ofori-Atta

Minister for Finance, Ken Ofori-Atta, has described the IMF-World Bank Annual Meetings as an opportunity for a new beginning for the global financial architecture.

In his remarks at a Roundtable Discussion on “IMF Policy Priorities,” Mr Ofori-Atta charged the IMF to strengthen the global financial safety net through bold reforms to the global financial architecture.

Ken Ofori-Atta with US Treasury Secretary Janet Yellen, following Roundtable Discussion on IMF Policy Priorities on 11th October 2023 in Marrakech

Mr Ofori-Atta further advocated for an IMF that is able to provide sufficient resources at scale to strengthen the global financial safety net.

He called for “reform of the available tools and lending instruments of the Fund to deal with global exogenous shocks.”

Ken Ofori-Atta exchanging pleasantries with a member of Kuwaiti Delegation after IMF High Level Event on Poverty Reduction and Growth Trust (PRGT) on 11th October 2023 in Marrakech

On Governance, Mr Ofori-Atta pushed for broad-based prosperity anchored on bold reforms to the global financial architecture, by calling for increased Sub-Saharan African representation on the IMF Executive Board, through the creation of a Sub-Saharan African seat at the IMF Executive Board Level.