TREASURY Minister Eddie Teare highlighted the island’s contribution to the global economy as the world’s finance ministers met in Tokyo at the 2012 meetings of the World Bank, International Monetary Fund (IMF) and Commonwealth Finance Ministers.
During the event, Mr Teare met UK Chancellor George Osborne who arrived in Tokyo after his address at the Conservative Party autumn conference.
Mr Teare said: ‘I held positive and productive discussions with Mr Osborne. I was able to reaffirm the Isle of Man’s vital role as a provider of financial flows to UK and international markets in terms of liquidity, listed companies and investment.
‘I believe the UK and Isle of Man benefit from each other’s success and I outlined ways of strengthening our working relationships, in particular with the City and North West business community.’
Mr Teare added: ‘In line with some of the aspirations outlined in the Chief Minister’s “Agenda for Change” we must continue to raise the Isle of Man’s international profile and continue to work with other countries. The World Bank and IMF events in Tokyo provided a unique opportunity to engage with the world’s finance leaders and to position the Isle of Man on the international stage.’
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