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Front Matter

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International Monetary Fund
Published Date:
April 2012
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    Summary Proceedings

    Annual Meeting 2008

    International Monetary Fund

    Summary Proceedings

    of the Sixty-Second Annual Meeting of the Board of Governors October 13, 2008

    International Monetary Fund

    Washington, D.C.

    ©2012 International Monetary Fund

    ISSN 0074-7025

    ISBN 978-1-58906-905-3

    Contents

    List of Abbreviations

    AML

    anti-money laundering

    AsDB

    Asian Development Bank

    ASEAN

    Association of South East Asian Nations

    BWI

    Bretton Woods institutions

    CARICOM

    Caribbean Community

    CCL

    Contingent Credit Line,

    CFT

    combating the financing of terrorism

    CIS

    Commonwealth of Independent States

    CPI

    consumer price index

    DAC

    Development Assistance Committee

    EU

    European Union

    FATF

    Financial Action Task Force

    FDI

    foreign direct investment

    FSAP

    Financial Sector Assessment Program

    G-8

    Group of Eight Finance Ministers

    GDP

    gross domestic product

    GNI

    gross national income

    HIPC

    heavily indebted poor country (Initiative for Heavily Indebted Poor Countries)

    IBRD

    International Bank for Reconstruction and Development

    IDA

    International Development Association

    IDA-15

    fifteenth replenishment of IDA

    IFC

    International Finance Corporation

    IFI

    international financial institution

    IMF

    International Monetary Fund

    IMFC

    International Monetary and Financial Committee

    LIC

    low-income countries

    MDBs

    multilateral development banks

    MDGs

    Millennium Development Goals

    MDRI

    Multilateral Debt Relief Initiative

    MIC

    middle-income countries

    MIGA

    Multilateral Investment GuaranteeAgency

    MTS

    Medium-Term Strategy

    OECD

    Organization for European Cooperation and Development

    PAL

    Programmatic Adjustment Loan

    PRGF

    Poverty Reduction and Growth Facility

    PRSC

    Poverty Reduction Support Credit

    PRSP

    Poverty Reduction Strategy Paper

    ROSC

    Report on Observance of Standards and Codes

    SMEs

    small and medium-sized enterprises

    UN

    United Nations

    UNCTAD

    United Nations Conference on Trade and Development

    UNDP

    United Nations Development Program

    WTO

    World Trade Organization

    Introductory Note

    The Sixty-Second Annual Meeting of the Board of Governors of the International Monetary Fund was held in Washington, D.C. on October 13, 2008, jointly with the Annual Meetings of the Boards of Governors of the World Bank Group. The Honorable Zoran Stavreski, Governor of the Bank and the Fund for the Former Yugoslav Republic of Macedonia, 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 October 2007; 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.

    Shailendra J. Anjaria

    Secretary International Monetary Fund

    Washington, D. C.

    November 1, 2008

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