Presentation of the Twentieth Annual Report 1. By the Chairman of the Executive Board and Managing Director of the International Monetary Fund


Mr. Chairman, I should like to join with you in expressing our thanks to the Governor for the United States for his words of welcome. I should like also to associate myself with your greeting to the Governors, delegates, and friends of our organizations who have assembled here today. I especially note that the Governors for Malawi and Zambia sit among us for the first time, and that the Minister of Finance of Singapore is representing his country, which has applied for membership in the Bank and the Fund.