BANGKOK: THE Minister for Finance, Ambassador Khamis Mussa Omar, has led the country’s delegation at the conclusion of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank in Bangkok, Thailand, where discussions focused on job creation, infrastructure development, adding value to natural resources, including minerals, and strengthening the private sector as a driver of economic transformation.
The meetings brought together governors of the two institutions, finance ministers, permanent secretaries, central bank governors from various countries and private-sector representatives to discuss the global economic outlook, financial challenges and strategies for accelerating sustainable development.
Speaking on the sidelines of the meetings, Ambassador Omar emphasised the importance of international cooperation in addressing economic challenges, strengthening macroeconomic stability and increasing access to financing for development projects.
He said discussions among global leaders were important in identifying collective measures to build resilient economies capable of withstanding global shocks and creating opportunities for citizens.
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Ambassador Omar further stressed that development efforts should focus on delivering tangible benefits to the public, particularly through improved access to essential services, infrastructure, investment and expanded economic opportunities.
Officially opening the meetings, Thailand’s Prime Minister, Anutin Charnvirakul, said the world was undergoing major economic, political and technological changes that required countries to strengthen cooperation in finding solutions to cross-border challenges.
He said technological advances, particularly the use of artificial intelligence (AI), continued to transform the way people live and work. Meanwhile, political divisions, international conflicts and climate change had further underscored the need to build resilient economies capable of withstanding shocks.
The Tanzanian delegation also included the Permanent Secretary in the Ministry of Finance, Dr Natu El-Maamry Mwamba; the Permanent Secretary in the President’s Office responsible for Planning and Executive Secretary of the Planning Commission, Dr Tausi Kida; and the Governor of the Bank of Tanzania, Emmanuel Tutuba.
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