Front Matter

Author(s):
International Monetary Fund
Published Date:
September 2003
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    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

    AFRITAC

    African Regional Technical Assistance Center

    AML

    anti-money laundering

    AsDB

    Asian Development Bank

    ASEAN

    Association of South East Asian Nations

    BT

    business technology

    BWls

    Bretton Woods institutions

    CAC

    collective action clause

    CAP

    Common Agricultural Policy

    CARICOM

    Caribbean Community

    CAS

    Country Assistance Strategy

    CBA

    currency board arrangement

    CCL

    Contingent Credit Line

    CDF

    Comprehensive Development Framework

    CDP

    Country Development Partnerships

    CFT

    combating the financing of terrorism

    CG

    consultative group

    CIS

    Commonwealth of Independent States

    CPI

    consumer price index

    DAC

    Development Assistance Committee

    ECB

    European Central Bank

    EFA

    Education For All

    EFF

    Extended Fund Facility

    EMU

    European Monetary Union

    EU

    European Union

    FATF

    Financial Action Task Force

    FDI

    foreign direct investment

    FSAP

    Financial Sector Assessment Program

    FSF

    Financial Stability Forum

    G-3

    Group of Three (U.S., Japan, Europe)

    G-7

    Group of Seven (Canada, France, Germany, Italy, Japan, U.K., U.S.)

    G-10

    Group of Ten (Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, U.K., U.S.)

    GCC

    Gulf Cooperation Council

    GDP

    gross domestic product

    GEF

    Global Environment Facility

    GMS

    Greater Mekong Subregion

    GNP

    gross national product

    HIPC

    heavily indebted poor country

    IAS

    International Accounting Standards

    IBRD

    International Bank for Reconstruction and Development

    IDA

    International Development Association

    IDA-12

    twelfth replenishment of IDA

    IDA-13

    thirteenth replenishment of IDA

    IEO

    Independent Evaluation Office

    IFA

    international financial architecture

    IFC

    International Finance Corporation

    IFI

    international financial institution

    IMF

    International Monetary Fund

    IMFC

    International Monetary and Financial Committee

    I-PRSP

    Interim Poverty Reduction Strategy Paper

    IT

    information technology

    LIA

    lending into arrears

    LOI

    Law on Investment (Cambodia)

    MDBs

    multilateral development banks

    MDGs

    Millennium Development Goals

    MIGA

    Multilateral Investment Guarantee Agency

    NEPAD

    New Partnership for Africa’s Development

    NGO

    nongovernmental organization

    NPEP

    National Poverty Eradication Program

    NPL

    nonperforming loan

    ODA

    official development assistance

    OECD

    Organization for European Cooperation and Development

    PACT

    Partnership for Capacity Building in Africa

    PFTAC

    Pacific Financial Technical Assistance Center

    PRGF

    Poverty Reduction and Growth Facility

    PRSC

    Poverty Reduction Support Credit

    PRSP

    Poverty Reduction Strategy Paper

    PSAL

    Public Sector Adjustment Loan

    PSI

    private sector involvement

    ROSC

    Report on Observance of Standards and Codes

    SBA

    Stand-By Arrangement

    SCB

    state-owned commercial bank

    SDDS

    Special Data Dissemination Standard

    SDR

    special drawing right

    SDRM

    Sovereign Debt Restructuring Mechanism

    SEDPII

    Second Socio-Economic Development Plan (Cambodia)

    SGP

    Stability and Growth Pact

    SMEs

    small and medium-sized enterprises

    SRF

    Supplemental Reserve Facility

    TAMC

    Thai Asset Management Corporation

    UN

    United Nations

    UNDP

    United Nations Development Program

    VAT

    value-added tax

    WSSD

    World Summit on Sustainable Development

    WTO

    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

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