I should like to express my appreciation of this choice you have made. On behalf of Chile and the region, I am honored to accept election to the Chair of the next Joint Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank Group. It will be an inspiration to follow in the footsteps of Minister Paul Dossou, Governor for the Republic of Benin, whose able management of these Meetings deserves our fullest commendation.