{"id":24518,"date":"2024-08-05T16:50:36","date_gmt":"2024-08-05T16:50:36","guid":{"rendered":"https:\/\/sotnews.agency\/?p=24518"},"modified":"2024-08-05T16:56:16","modified_gmt":"2024-08-05T16:56:16","slug":"imf-to-add-25th-executive-board-seat-for-sub-saharan-africa","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=24518","title":{"rendered":"IMF to Add 25th Executive Board Seat for Sub-Saharan Africa"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 9 Second <\/div>\n\n <\/div>

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/imf-to-add-25th-executive-board-seat-for-sub-saharan-africa\/<\/p>\n

The International Monetary Fund (IMF) will expand its Executive Board by adding a 25th seat dedicated to Sub-Saharan Africa, effective November 1, 2024, following a resolution passed by the Board of Governors.<\/strong><\/p>\n

The decision, endorsed on July 16, 2024, aims to enhance Sub-Saharan Africa\u2019s representation and amplify its voice within IMF decision-making processes.<\/p>\n

This move responds to calls from the International Monetary and Financial Committee during the 2023 Annual Meetings in Marrakech to bolster regional representation on the Board.<\/p>\n

IMF Managing Director Kristalina Georgieva hailed the decision as a significant stride towards inclusivity and equitable global governance.<\/p>\n

\u201cThe addition of a 25th chair will not only strengthen Sub-Saharan Africa\u2019s influence in IMF deliberations but also better reflect the region\u2019s economic importance,\u201d Georgieva stated.<\/p>\n

Approval for altering the Executive Board\u2019s size required an 85 per cent majority vote among the IMF\u2019s members, a threshold exceeded by member countries.<\/p>\n

The new composition of the IMF Executive Board, comprising 25 Executive Directors, will formally commence duties on November 1, 2024.<\/p>\n

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/imf-to-add-25th-executive-board-seat-for-sub-saharan-africa\/<\/p>

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News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https:\/\/newsghana.com.gh\/imf-to-add-25th-executive-board-seat-for-sub-saharan-africa\/ The International Monetary Fund (IMF) will expand its Executive Board by adding a 25th seat dedicated to… <\/p>\n","protected":false},"author":1,"featured_media":24385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-24518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24518"}],"version-history":[{"count":2,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24518\/revisions"}],"predecessor-version":[{"id":24530,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24518\/revisions\/24530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/24385"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}