Lesetja Kganyago: Multilateralism and central bank independence

Remarks by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the annual dinner for the Heads of Foreign Missions accredited in South Africa, South African Reserve Bank, Pretoria, 12 June 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

Dean of the Diplomatic Corps, Ambassadors, High Commissioners, Counsellors and Diplomats, ladies and gentlemen - good evening.

Thank you for accepting our invitation to this annual dinner hosted in honour of the Ambassadors and High Commissioners appointed to the Republic of South Africa.

We use this dinner to share our thoughts on the developments in the South African economy, and to highlight issues of importance in the area of global and bilateral cooperation.

Tonight, I would like to focus my remarks on two important issues that are increasingly coming under threat globally, namely multilateralism and central bank independence.