I join Jim Wolfensohn in welcoming you all, and especially the representatives of Brunei Darussalam, our 180th member country. Apart from being the Fiftieth Annual Meetings of Governors, these are Jim Wolfensohn’s first meetings as President of the World Bank. It is a great pleasure for me to be working with him to maintain, and strengthen yet further, the vital partnership between our two institutions. We all have much to gain as he applies his unique skills with his—literally—Olympic energy to his new responsibilities. May I also join in paying tribute to Lew Preston: the world has lost, with him, a wise, a committed, a great man, and the Fund and I have lost a friend, a generous, a faithful, a caring friend.