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SA Finance Minister, Reserve Bank Governor head to Spring Meetings as global lenders warn on Middle East war shock

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South Africa’s (SA) Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago will lead the country’s delegation to the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, D.C. this week, as the heads of both institutions raise fresh alarm over the global economic fallout from the war in the Middle East. 
The 2026 Spring Meetings run from April 13-18 at the IMF and World Bank headquarters and are expected to focus heavily on growth risks, financial stability, debt pressures and the spillovers from conflict-driven supply disruptions.
IMF Managing Director Kristalina Georgieva has warned that the Fund will cut its global growth forecast, saying the war has delivered a major supply shock through disrupted energy flows and wider supply chain strain. She said the IMF expects near-term demand for its balance-of-payments support to rise by between $20 billion and $50 billion, depending on how long the disruption persists.
World Bank President Ajay Banga has also cautioned that the crisis is likely to bring higher inflation and lower growth, with developing economies facing a sharper strain because many already have limited fiscal space and heavy debt burdens.
–Sherwin Bryce-Pease/ChannelAfrica–
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