EDITORIAL: Lesetja Kganyago at the IMF’s top policy adviser can benefit SA
Having our own man speaking for the IMF’s international monetary and finance committee does inspire pride and it potentially has real impact
Anyone who happened to be watching TV on Saturday night might have come upon a broadcast from Washington in which the chairman of the IMF’s international monetary and finance committee, Lesetja Kganyago, reported back on the committee’s deliberations, alongside IMF CEO Christine Lagarde. The sometimes arcane politics of the Bretton Woods institutions — the IMF and World Bank — don’t tend to be of much interest in SA. But having our own man speaking for a committee that is the IMF’s top policy adviser does inspire pride and it potentially has real impact. Much of Saturday’s Washington media conference focused on the committee’s concern about the rise of protectionism and Kganyago, a seasoned economist, took the lead in detailing just how important the expansion of global trade has been in driving the global economic recovery of the past couple of years, and why it needs to continue. But he also brings to the post an emerging markets perspective and SA and its emerging market peers, p...
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