Chief Minister attends IMF and World Bank annual meetings in Washington

Tuesday 10 October 2017

The Chief Minister is visiting Washington DC until Saturday to represent the Island at the International Monetary Fund (IMF) and World Bank Group annual meetings.

Whilst in Washington, Senator Gorst will also attend the Annual Commonwealth Finance Ministers’ Meeting. The meeting will focus on the future of digitisation and economic development, as well as boosting employment through innovation.

During the rest of the summit, Senator Gorst will hold a number of bilateral meetings, including with senior members of the US Administration members of Congress and representatives of foreign governments. The IMF and World Bank Group meetings are attended by senior representatives of global banking groups and the Chief Minister will also take the opportunity to meet with a number of banks that have a presence in Jersey.

Senator Gorst will also meet with the British Ambassador, Sir Kim Darroch KCMG, at his official residence in Washington, and will attend an official reception hosted by UK Chancellor Philip Hammond. 

Pictured: Senator Gorst will attend a reception hosted by UK Chancellor of the Exchequer Philip Hammond. (PA)

This year’s IMF and World Bank summit is being attended by several thousand delegates and will include plenary discussions with global financial leaders such as World Bank President Jim Yong Kim, IMF Managing Director Christine Lagarde, Central Bank Governors from around the world, and a significant number of the world’s leading Finance and Financial Services Ministers.

Senator Gorst said: "The World Bank and IMF annual meeting is a globally significant event, as one of the largest gatherings of top decision-makers in the field of finance, trade, economics and business services.

"It is a unique opportunity to meet government ministers, central bank governors, international regulators, senior industry executives and standard setters. I welcome the opportunity to represent our Island and to convey to the delegates Jersey’s strengths, that are the bedrock of its reputation as a growing, high-quality, well-regulated financial and professional services centre.”