Abstract

SUMMARY PROCEEDINGS 1963

Frontmatter Page

SUMMARY PROCEEDINGS 1963

Title Page

INTERNATIONAL MONETARY FUND

SUMMARY PROCEEDINGS OF THE EIGHTEENTH ANNUAL MEETING OF THE BOARD OF GOVERNORS

SEPTEMBER 30–OCTOBER 4, 1963

WASHINGTON, D. C.

Contents

  • Introductory Note

  • Address by the President of the United States of America, John F. Kennedy

  • Opening Address by the Chairman of the Board of Governors of the Bank, Alternate Governor of the Fund for Italy, Guido Carli

  • Presentation of the Eighteenth Annual Report by the Chairman of the Executive Board and Managing Director of the International Monetary Fund, Pierre- Paul Schweitzer

  • Discussion of the Eighteenth Annual Report

    • Statement by Chairman of the Board of Governors of the Fund, Governor for Italy, Emilio Colombo

    • Statements by the Governors for

      • El Salvador—Francisco Aquino h.

      • Ethiopia—Yawand-Wossen Mangasha

      • United States—Douglas Dillon

      • Japan—Kakuei Tanaka

      • France—Valéry Giscard d’Estaing1

      • United Kingdom—Reginald Maudling

      • Australia—Harold Holt

      • India—P. C. Bhattacharyya

      • Liberia—Charles Dunbar Sherman

      • Canada—Walter L. Gordon

      • Congo (Leopoldville)—Albert Ndele

      • Federal Republic of Germany—Ludger Westrick

      • Greece—Xenophon Zolotas

      • Netherlands—M. W. Holtrop

      • Malaysia—Tan Siew Sin

      • Israel—Pinhas Sapir

      • Algeria—Bachir Boumaza

      • Afghanistan—Abdullah Malikyar

      • Philippines—Andres V. Castillo

      • Somalia—Abdi Aden Mohamed

      • Yugoslavia—Nikola Miljanić

      • Sweden—Per Åsbrink

      • Viet-Nam—Nguyen Luong

      • New Zealand—H. R. Lake

      • Ireland—Maurice Moynihan

      • Spain—Alberto Ullastres

      • United Arab Republic—Abdel Hakim El Rifai

      • South Africa—T. E. Dönges

      • Paraguay—General César Barrientos

      • Congo (Brazzaville)—Edouard Babackas

      • Central African Republic—Charles Bornou

      • Indonesia—Soetikno Slamet

      • Turkey—Ekrem Alican

      • Ceylon—D. W. Rajapatirana

      • Libya—Khalil Bennani

      • Brazil—C. A. Carvalho Pinto

      • Pakistan—Syed Amjad Ali

      • Trinidad and Tobago—A. N. R. Robinson

      • Mauritania—Sidi Mohamed Deyine

      • Sudan—Abdel Rahim Mirghani

  • Concluding Remarks by the Chairman of the Executive Board and Managing Director of the International Monetary Fund, Pierre-Paul Schweitzer

  • Statements Bearing on Fund Policy, Delivered at the Annual Discussion of the IBRD, IFC, and IDA by the

    • Governor of the Bank and Fund for Uganda—A. Kalule Sempa

    • Governor of the Bank for Morocco—Driss Slaoui

    • Governor of the Bank for Somalia—Abdulcadir Mohamed Aden

    • Governor of the Bank and Alternate Governor of the Fund for Argentina—Luis María Otero Monsegur

    • Governor of the Bank and Fund for Mali—Jean-Marie Kone

    • Governor of the Bank and Fund for China—Chia-Kan Yen

    • Governor of the Bank and Fund for Ghana—F. K. D. Goka

    • Governor of the Bank for Pakistan—M. Shoaib

    • Governor of the Fund for Senegal—André Peytavin

  • Reports of the Joint Procedures Committee

    • Report I

      • Annex I Schedule of Meetings

      • Annex II Provisions Relating to the Conduct of the Meetings

      • Annex III Agenda

    • Report III1

      • Annex I

      • Annex II

      • Annex III

      • Annex IV

      • Annex V

      • Annex VI

    • Report IV

  • Resolutions

    • 18-1 Amendment of Section 14(e) of the By-Laws

    • 18-2 Amendment of Membership Resolutions

    • 18-3 Membership for the Republic of Mali

    • 18-4 Membership for the Kingdom of Burundi

    • 18-5 Membership for the Republic of Rwanda

    • 18-6 Membership for the Islamic Republic of Mauritania

    • 18-7 Amendment of Resolution No. 17-5 on the Election of an Additional Executive Director

    • 18-8 Membership for Trinidad and Tobago

    • 18-9 Place and Date of the 1964 Annual Meeting

    • 18-10 Membership for the Democratic and Popular Republic of Algeria

    • 18-11 Membership for the Malagasy Republic

    • 18-12 Membership for the Republic of Congo (Leopoldville)

    • 18-13 Membership for Uganda

    • 18-14 Per Jacobsson

    • 18-15 Financial Statements, Report on Audit, and Administrative Budget

    • 18-16 General Reserve

    • 18-17 Amendments of the Rules and Regulations

    • 18-18 Membership for Kenya

    • 18-19 Increase in the Quota of El Salvador

    • 18-20 Increase in the Quota of Honduras

    • 18-21 Increase in the Quota of the Syrian Arab Republic

  • Attendance

    • Members of Delegations

    • Observers

  • Executive Directors and Alternates

  • Appendices

    • Statement Issued by the Secretary of the Treasury of the United States on Behalf of the “Group of 10” Members of the Fund

    • Reference List of Principal Topics

Introductory Note

The Eighteenth Annual Meeting of the Board of Governors of the International Monetary Fund was held in Washington, from September 30 through October 4, 1963, under the Chairmanship of the Honorable Emilio Colombo, Governor for Italy. The meeting was held in conjunction with the annual meetings of the Boards of Governors of the International Bank for Reconstruction and Development and its affiliates.

These Summary Proceedings of the Fund include the resolutions adopted by the Board of Governors, reports and recommendations of the Joint Procedures Committee, and selected addresses.

Roman L. Horne

Secretary

International Monetary Fund

Washington, D. C.

November 18, 1963