Report to the Board of Governors of the International Monetary Fund by the Chairman of the Interim Committee of the Board of Governors on the International Monetary System1

Abstract

I am honored to report on the Interim Committee’s discussions on the world economy and its new financial architecture. I report also on Sunday’s first-ever joint meeting of the Interim and Development Committees, where together we entered into a historic commitment to deliver, in the year 2000, many of the world’s poorest countries from burdens of unsustainable debt.