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International Monetary Fund. Secretary's Department

Abstract

On behalf of my fellow Americans, I am delighted to welcome you to the United States and to our nation’s capital, and I am honored to have this opportunity to speak again to your distinguished members.

International Monetary Fund. Secretary's Department

Abstract

It is a great honor for Japan to have been selected for the chairmanship of the Boards of Governors of the World Bank and the International Monetary Fund for the coming year. In accepting the chairmanship, Japan promises to endeavor to carry out the duties of this weighty office, following the example of the excellent chairmanship that Mr. Miguel Boyer, the Governor of the Bank and of the Fund for Spain, has demonstrated before us.

International Monetary Fund. Secretary's Department

Abstract

I have the honor to convey to you the greetings and good wishes of His Majesty King Jigme Singye Wangchuck for the success of these meetings. I consider it a great privilege to attend this annual gathering and to participate briefly in the general debate. Our membership in these premier international development and financial institutions represents the fulfillment of an important aspiration of the Bhutanese people. We greatly value this membership, and we are confident that these institutions will play an important role in Bhutan’s economic development.

International Monetary Fund. Secretary's Department

Abstract

May I begin by congratulating Mr. de Larosière on his reappointment as Managing Director of the Fund and by expressing my appreciation of the distinguished way in which both he and Mr. Clausen have continued to discharge their demanding responsibilities at the helm of the Fund and the World Bank.

International Monetary Fund. Secretary's Department

Abstract

It gives me great pleasure to report to you in my capacity as Chairman of the Interim Committee. Before beginning, let me first address a word of thanks and praise to Sir Geoffrey Howe, who chaired the Interim Committee in a very efficient manner at its February meeting. Sir Geoffrey resigned his post as Chairman to take up other duties in the Government of his country. Second, let me say that I regard it as a special honor to have been selected by the members of the Committee as Chairman for the second time. As you know, the Committee has met twice since the last meeting of the Board of Governors in Toronto—first, on February 10–11 and then, two days ago. The principal conclusions of each meeting are contained in the press communiqués issued at the end, and here I shall only touch briefly on some of the highlights.

International Monetary Fund. Secretary's Department

Abstract

The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.

International Monetary Fund. Secretary's Department

Abstract

Balance of Payments Disequilibria (see also Non-Oil Developing Countries, External Payments Position)