IMF, Vanuatu To Co-Host High-Level Pacific Conference

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Meeting to focus on lifting growth potential in region

By Kathie Simon

PORT VILA, Vanuatu (Vanuatu Daily Post, Nov. 11, 2013) – Vanuatu is gearing up to co-host a high-level conference with the International Monetary Fund (IMF).

The office of the prime minister has announced, through a circular, that the conference, with the theme of "lifting potential growth in the Pacific islands," will officially open at Warwick Le Lagon Resort in Port Vila on 22 November 2013.

The conference is expected to build on the events of last year’s conference, held in Samoa, whose theme was "enhancing resilience and fostering inclusive growth".

This year’s conference is expected to bring together, yet again, leading policy makers from 12 Pacific nations, representatives from regional development partners, NGOs, the private sector, and members of senior management of other key international organizations.

As part of its preparations towards hosting the international meeting here in Port Vila, the Vanuatu government, through the office of the prime minister, has issued an instruction that all G-plated vehicles donated by the government of the People’s Republic of China are to be returned to the Department of Foreign Affairs as they will be allocated to visiting dignitaries attending the high-level meeting.

The workshop, which will be officially opened by Moana Carcasses Kalosil, Vanuatu's Prime Minister, will discuss concrete policies that could leverage to increase integration with emerging Asian economies, including Australia and New Zealand, and enhance intra-regional cooperation and coordination to find regional solutions to common issues.

Emerging out of the Bretton Woods agreement in the re-construction period following the Second World War, the IMF’s fundamental mission is to help ensure stability in the international system. In ensuring stability within the international system, one of the IMF’s key roles is to keep track of the global economy and the economies of member countries.

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