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- OPENING ADDRESS BY THE CHAIRMAN OF THE BOARDS OF GOVERNORS AND GOVERNOR OF THE FUND AND THE BANK FOR THE SULTANATE OF OMAN
- ADDRESS BY THE CHAIRMAN OF THE EXECUTIVE BOARD AND MANAGING DIRECTOR OF THE INTERNATIONAL MONETARY FUND
- OPENING ADDRESS BY THE PRESIDENT OF THE WORLD BANK GROUP
- REPORT TO THE BOARD OF GOVERNORS OF THE INTERNATIONAL MONETARY FUND BY THE CHAIRMAN OF THE INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE
- REPORT TO THE BOARDS OF GOVERNORS OF THE FUND AND THE BANK BY THE CHAIRMAN OF THE JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES (DEVELOPMENT COMMITTEE)
- DOCUMENTS AND RESOLUTIONS OF THE BOARD OF GOVERNORS
- REPORTS OF THE JOINT PROCEDURES COMMITTEE
- International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund
- JOINT MINISTERIAL COMMITTEE OF THE BOARDS OF GOVERNORS OF THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES (DEVELOPMENT COMMITTEE)
- ATTENDANCE
Front Matter
- International Monetary Fund
- Published Date:
- September 2003
Summary Proceedings
of the Fifty-Sixth Annual Meeting
of the Board of Governors
September 29, 2002
International Monetary Fund
Washington, D.C.
ISSN 0074-7025 • ISBN 1-58906-288-4
CONTENTS
- Speakers by Session
- List of Abbreviations
- Introductory Note
- Opening Address by the Chairman of the Boards of Governors and Governor of the Fund and the Bank for the Sultanate of Oman, Ahmed Bin Abdulnabi Macki
- Opening Address by the Chairman of the Executive Board and Managing Director of the International Monetary Fund, Horst Köhler
- Opening Address by the President of the World Bank Group, James D. Wolfensohn
- Report to the Board of Governors of the International Monetary Fund by the Chairman of the International Monetary and Financial Committee of the Board of Governors, Gordon Brown
- Report to the Boards of Governors of the Fund and the Bank by the Chairman of the Joint Ministerial Committee of the Boards of Governors on the Transfer of Real Resources to Developing Countries (Development Committee), Trevor Manuel
- Afghanistan, Anwar Ul-Haq Ahady
- Australia, Peter Costello
- Bangladesh, M. Saifur Rahman
- Belarus, Andrei V. Kobyakov
- Belgium, Didier Reynders
- Bosnia and Herzegovina, Anto Domazet
- Bulgaria, Milen Veltchev
- Cambodia, Chea Chanto and Keat Chhon
- Canada, John Manley
- China, Dai Xianglong
- Croatia, Boris Vujcic
- Cyprus, Takis Klerides
- Denmark, Thor Pedersen1
- Denmark, Bodil Nyboe Andersen2
- Estonia, Madis Uurike3
- Fiji, Jone Yavala Kubuabola
- Finland, Sauli Niinisto4
- France, Jean-Claude Trichet
- Germany, Ernst Welteke
- Greece, Nikolaos Christodoulakis
- Grenada, Anthony Boatswain5
- India, Jaswant Singh
- Indonesia, Syahril Sabirin
- Iran, Islamic Republic of, Tahmaseb Mazaheri-Khorzani
- Iraq, Issam Rashid Hwaish
- Ireland, Charlie McCreevy
- Israel, Silvan Shalom
- Italy, Giulio Tremonti
- Japan, Masaru Hayami
- Jordan, Michel Marto6
- Korea, Yun-Churl Jeon
- Lao People’s Democratic Republic, Soukanh Mahalath
- Luxembourg, Luc Frieden
- Malaysia, Dato’ Shafie Mohd. Salleh
- Malta, John Dalli
- Myanmar, U Khin Maung Thein
- Nepal, Bharat Kumar Shah
- Netherlands, Hans Hoogervorst
- New Zealand, Michael Cullen
- Pakistan, Shaukat Aziz
- Papua New Guinea, Bart Philemon
- Philippines, Jose Isidro N. Camacho
- Poland, Leszek Balcerowicz
- Portugal, Vitor Constâncio
- Russian Federation, Aleksei Kudrin
- Samoa, Misa Telefoni Retzlaff1
- Singapore, Hng Kiang Lim
- Spain, Rodrigo de Rato Figaredo
- Sri Lanka, Kairshasp Nariman Choksy
- Switzerland, Kaspar Villiger
- Thailand, Suchart Jaovisidha
- Timor-Leste, Mari Bin Amude Alkatiri
- Tonga, Siosiua T.T. ‘Utoikamanu
- Uganda, Gerald M. Ssendaula2
- Ukraine, Vasyl Rohovyi
- United Kingdom, Gordon Brown
- United States, Paul H. O’Neill
- Venezuela, Felipe Perez Marti
- Concluding Remarks
- Statements by
- The Governor of the Fund for Switzerland, Jean-Pierre Roth
- The Chairman of the Executive Board and Managing Director of the International Monetary Fund,Horst Köhler
- The President of the World Bank Group, James D. Wolfensohn
- The Chairman of the Boards of Governors and the Governor of the Fund and the Bank for the Sultanate of Oman, Ahmed Bin Abdulnabi Macki
- DOCUMENTS AND RESOLUTIONS OF THE BOARD OF GOVERNORS
- Schedule of Meetings
- Provisions Relating to the Conduct of the Meetings
- Agenda
- Reports of the Joint Procedures Committee
- Resolutions
- 56-1 Increase in the Quota of the People’s Republic of China
- 56-2 Direct Remuneration of Executive Directors and their Alternates
- 56-3 2001 Annual Meeting Cancellation
- 56-4 Reports on Audit, Financial Statements, and Administrative and Capital Budgets
- 57-1 Membership for East Timor
- 57-2 Direct Remuneration of Executive Directors and their Alternates
- 57-3 Forthcoming Annual Meetings
- 57-4 2002 Regular Election of Executive Directors
- 57-5 Financial Statements, Report on Audit, and Administrative and Capital Budgets
- International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund
- Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee)
- Attendance
- Executive Directors, Alternates, and Advisors
SPEAKERS BY SESSION
- Opening Joint Session
- Opening Address by the Chairman of the Boards of Governors and Governor of the Fund and the Bank for the Sultanate of Oman, Ahmed Bin Abdulnabi Macki
- Opening Address by the Chairman of the Executive Board and Managing Director of the International Monetary Fund, Horst Köhler
- Opening Address by the President of the World Bank Group, James D. Wolfensohn
- Report to the Board of Governors of the International Monetary Fund by the Chairman of the International Monetary and Financial Committee of the Board of Governors, Gordon Brown
- Report to the Boards of Governors of the Fund and the Bank by the Chairman of the Joint Ministerial Committee of the Boards of Governors on the Transfer of Real Resources to Developing Countries (Development Committee), Trevor Manuel
- Statements by the Governors for
- United States, Paul H. O’Neill
- Finland, Sauli Niinisto1
- China, Dai Xianglong
- Switzerland, Kaspar Villiger
- India, Jaswant Singh
- Bulgaria, Milen Veltchev
- Japan, Masaru Hayami
- Grenada, Anthony Boatswain2
- Australia, Peter Costello
- France, Jean-Claude Trichet
- Uganda, Gerald M. Ssendaula1
- Belgium, Didier Reynders
- Jordan, Michel Marto2
- Korea, Yun-Churl Jeon
- Germany, Ernst Welteke
- Myanmar, U Khin Maung Thein
- Greece, Nikolaos Christodoulakis
- Netherlands, Hans Hoogervorst
- Denmark, Thor Pedersen3
- Indonesia, Syahril Sabirin
- Denmark, Bodil Nyboe Andersen4
- Malaysia, Dato’ Shafie Mohd. Salleh
- Ireland, Charlie McCreevy
- Iran, Islamic Republic of, Tahmaseb Mazaheri-Khorzani
- Portugal, Vitor Constâncio
- Poland, Leszek Balcerowicz
- Second Joint Session
- Statements by the Governors for
- Israel, Silvan Shalom
- Bangladesh, M. Saifur Rahman
- Timor-Leste, Mari Bin Amude Alkatiri
- Bosnia and Herzegovina, Anto Domazet
- Pakistan, Shaukat Aziz
- Philippines, Jose Isidro N. Camacho
- Estonia, Madis Uurike5
- Spain, Rodrigo de Rato Figaredo
- Afghanistan, Anwar Ul-Haq Ahady
- Samoa, Misa Telefoni Retzlaff6
- Nepal, Bharat Kumar Shah
- Sri Lanka, Kairshasp Nariman Choksy
- Iraq, Issam Rashid Hwaish
- Venezuela, Felipe Perez Marti
- Cambodia, Chea Chanto and Keat Chhon
- Canada, John Manley
- Cyprus, Takis Klerides
- Fiji, Jone Yavala Kubuabola
- Italy, Giulio Tremonti
- Lao People’s Democratic Republic, Soukanh Mahalath
- Luxembourg, Luc Frieden
- Malta, John Dalli
- New Zealand, Michael Cullen
- Papua New Guinea, Bart Philemon
- Belarus, Andrei V. Kobyakov
- Croatia, Boris Vujcic
- Russian Federation, Aleksei Kudrin
- Singapore, Hng Kiang Lim
- Thailand, Suchart Jaovisidha
- Tonga, Siosiua T.T. ‘Utoikamanu
- Ukraine, Vasyl Rohovyi
- United Kingdom, Gordon Brown
- Concluding Remarks
- Statements by
- The Governor of the Fund for Switzerland, Jean-Pierre Roth
- The Chairman of the Executive Board and Managing Director of the International Monetary Fund, Horst Köhler
- The President of the World Bank Group, James D. Wolfensohn
- The Chairman of the Boards of Governors and the Governor of the Fund and the Bank for the Sultanate of Oman, Ahmed Bin Abdulnabi Macki
LIST OF ABBREVIATIONS
African Regional Technical Assistance Center
anti-money laundering
Asian Development Bank
Association of South East Asian Nations
business technology
Bretton Woods institutions
collective action clause
Common Agricultural Policy
Caribbean Community
Country Assistance Strategy
currency board arrangement
Contingent Credit Line
Comprehensive Development Framework
Country Development Partnerships
combating the financing of terrorism
consultative group
Commonwealth of Independent States
consumer price index
Development Assistance Committee
European Central Bank
Education For All
Extended Fund Facility
European Monetary Union
European Union
Financial Action Task Force
foreign direct investment
Financial Sector Assessment Program
Financial Stability Forum
Group of Three (U.S., Japan, Europe)
Group of Seven (Canada, France, Germany, Italy, Japan, U.K., U.S.)
Group of Ten (Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, U.K., U.S.)
Gulf Cooperation Council
gross domestic product
Global Environment Facility
Greater Mekong Subregion
gross national product
heavily indebted poor country
International Accounting Standards
International Bank for Reconstruction and Development
International Development Association
twelfth replenishment of IDA
thirteenth replenishment of IDA
Independent Evaluation Office
international financial architecture
International Finance Corporation
international financial institution
International Monetary Fund
International Monetary and Financial Committee
Interim Poverty Reduction Strategy Paper
information technology
lending into arrears
Law on Investment (Cambodia)
multilateral development banks
Millennium Development Goals
Multilateral Investment Guarantee Agency
New Partnership for Africa’s Development
nongovernmental organization
National Poverty Eradication Program
nonperforming loan
official development assistance
Organization for European Cooperation and Development
Partnership for Capacity Building in Africa
Pacific Financial Technical Assistance Center
Poverty Reduction and Growth Facility
Poverty Reduction Support Credit
Poverty Reduction Strategy Paper
Public Sector Adjustment Loan
private sector involvement
Report on Observance of Standards and Codes
Stand-By Arrangement
state-owned commercial bank
Special Data Dissemination Standard
special drawing right
Sovereign Debt Restructuring Mechanism
Second Socio-Economic Development Plan (Cambodia)
Stability and Growth Pact
small and medium-sized enterprises
Supplemental Reserve Facility
Thai Asset Management Corporation
United Nations
United Nations Development Program
value-added tax
World Summit on Sustainable Development
World Trade Organization
INTRODUCTORY NOTE
The Fifty-Sixth Annual Meeting of the Board of Governors of the International Monetary Fund was held in Washington, D.C. on September 29, 2002, jointly with the Annual Meetings of the Board of Governors of the World Bank Group. The Honorable Ahmed Bin Abdulnabi Macki, Governor of the Fund and the Bank for the Sultanate of Oman, served as Chairman.
These Proceedings include statements presented by Governors during the meetings; resolutions adopted by the Board of Governors of the Fund since the last Annual Meeting in September 2000; reports, recommendations, or communiqués issued by the Committees of the Board of Governors at the time of the meetings; and other documents relating to the meetings.
Statements by the Governors are listed in alphabetical order by country on pages iii-v, speakers are listed by session on pages vii-ix, and a list of abbreviations used in the statements and documents is given on pages x-xii.
Shailendra J. Anjaria
Secretary
International Monetary Fund
Washington, D. C.
November 1, 2002
