TRANSCO CLSG at 2016 Annual meetings of the World Bank, IMF

The General Manager of TRANSCO CLSG is leading a high-level delegation to the 2016 Annual Meetings of the World Bank and the International Monitory Fund (IMF) in Washington DC to initiate dialogue with stakeholders and financiers of the CLSG interconnection project.

The General Manager of the regional transmission company, Mr. Mohammed M. Sherif and team will also hold series of side meetings with the Ministers of Finance of the CLSG countries to provide updates on the CLSG project and seek their unwavering commitment to ensure the successful outcome of the project.

“We look forward to holding fruitful meetings,” Mr. Sherif said. The General Manager added that the CLSG project aims to promote a regional energy market and optimize the use of energy resources in West Africa. He praised the donors and the governments of the CLSG for their supports to the project, which is one of the five priority projects of the West African Power Pool Master Plan that aims to build a 225kv of 1,303 kilometers to connect the electrical networks in the four countries.

The Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group each year bring together central bankers, ministers of finance and development, private sector executives, civil society, and academics to discuss issues of global concern, including the world economic outlook, global financial stability, poverty eradication, jobs and growth, economic development, and aid effectiveness.

The Meetings, which are widely covered by the international media, also offer an opportunity for participating countries and organizations as well as civil society organizations to share their views and interact with policymakers in a global setting.

The 2016 Annual Meetings will be held in Washington, D.C., during the week of October 3-9. During the meetings, the Boards of Governors will decide on major policy issues related to the future work of the two institutions, which are subsequently implemented by their respective Executive Boards.

The CLSG project is being funded by the World Bank, along with the European Investment Bank, the African Development Bank and the German Development Bank (KfW).

Thousands of people are expected to attend these meetings. In the week running up to the meetings, seminars and other discussion fora offer participants the opportunity for in-depth discussions on current issues that are of relevance to the world economy, financial stability, and economic development.