©2008 International Monetary Fund

ISSN 0074-7025

ISBN 978-1-58906-789-9

Contents

• List of Abbreviations

• Introductory Note

• Opening Address by the Chairman of the Boards of Governors and Governor of the Bank and the Fund for Algeria, Karim Djoudi

• Opening Address by the President of the World Bank Group, Robert B. Zoellick

• Opening Address by the Chairman of the Executive Board and Managing Director of the International Monetary Fund, Rodrigo de Rato y Figaredo

• Report to the Board of Governors of the International Monetary Fund by the Chairman of the International Monetary and Financial Committee of the Board of Governors, Tommaso Padoa-Schioppa

• Report to the Boards of Governors of the Fund and the Bank by the Chairman of the Joint Ministerial Committee of the Boards of Governors on the Transfer of Real Resources to Developing Countries (Development Committee), Agustín Carstens

• Statements by the Governors for Afghanistan, Anwar Ul-Haq Ahady

• Antigua and Barbuda, Errol Cort*

• Bangladesh, A. B. Mirza Md. Azizul Islam

• Belarus, Andrei V. Kobyakov

• Belgium, Guy Quaden

• Cambodia, Aun Porn Moniroth and Chea Chanto

• Canada, James Michael Flaherty

• China, Li Yong

• Costa Rica, Guillermo Zúñiga

• Croatia, Ivan Suker

• Cyprus, Michael Sarris

• Denmark, Nils Bernstein*

• Fiji, Mahendra Pal Chaudhry

• France, Christian Noyer

• Germany, Axel A. Weber

• Greece, George Alogoskoufis

• Haiti, Daniel Dorsainvil

• India, P. Chidambaram

• Indonesia, Ms. Sri Mulyani Indrawati

• Iran, Islamic Republic of, Davoud Danesh-Jafari

• Iraq, Barham Ahmed Salih

• Ireland, John Hurley

• Israel, Stanley Fischer

• Italy, Tommaso Padoa-Schioppa

• Japan, Otohiko Endo

• Korea, Okyu Kwon

• Lao People’s Democratic Republic, Somdy Douangdy

• Lithuania, Rimantas Sadzius*

• Malaysia, Tan Sri Nor Mohamed Yakcop

• Malta, Michael Bonello

• Mauritania, Ousmane Kane*

• Myanmar, Hla Tun

• Nepal, Ram Sharan Mahat

• Netherlands, Wouter Bos

• New Zealand, Michael Cullen

• Pakistan, Salman Shah

• Papua New Guinea, Leonard Wilson Kamit

• Philippines, Margarito B. Teves

• Poland, Arkadiusz Huzarek

• Portugal, Fernando Teixeira dos Santos

• Russian Federation, Aleksei L. Kudrin

• Saudi Arabia, Ibrahim A. Al-Assaf

• Spain, David Vegara Figueras

• Sri Lanka, Sarath Leelananda Bandara Amunugama

• Sweden, Anders Borg*

• Switzerland, Jean-Pierre Roth

• Thailand, Chalongphob Sussangkarn

• Tonga, Siosiua T. T. ‘Utoikamanu

• Turkey, Mehmet Şimşek

• United States, Henry M. Paulson. Jr.

• Vanuata, Odo Tevi*

• Vietnam, Nguyen Van Giau

• Concluding Remarks

  • Statements by The Alternate Governor of the Bank for the former Yugoslav Republic of Macedonia, Zoran Stavreski

  • The President of the World Bank Group, Robert B. Zoellick

  • The Chairman of the Executive Board and Managing Director of the International Monetary Fund, Rodrigo de Rato y Figaredo

  • The Chairman of the Boards of Governors and the Governor of the Bank and the Fund for Algeria, Karim Djoudi

• Documents and Resolutions of the Board of Governors

  • Schedule of Meetings

  • Provisions Relating to the Conduct of the Meetings

  • Agenda

  • Reports of the Joint Procedures Committee

    • Report II

    • Report III

  • Resolutions

    • 61-8 Membership for the Republic of Montenegro

    • 62-1 Direct Remuneration of Executive Directors and their Alternates

    • 62-2 Financial Statements, Report on Audit, and Administrative and Capital Budgets

  • International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund

    • Press Communiqué (October 20, 2007)

    • International Monetary and Financial Committee Composition (as of October 20, 2007)

  • Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee)

    • Press Communiqué (October 21, 2007)

    • Development Committee Composition (as of October 21, 2007)

  • Attendance

    • Members of Fund Delegations

    • Observers, Representatives of International Organizations, and Special Invitees

    • Executive Directors, Alternates, and Advisors

List of Abbreviations

Introductory Note

The Sixty-First Annual Meeting of the Board of Governors of the International Monetary Fund was held in Washington, D.C. on October 22, 2007, jointly with the Annual Meetings of the Boards of Governors of the World Bank Group. The Honorable Karim Djoudi, Governor of the Bank and the Fund for Algeria, served as Chairman. These Proceedings include statements presented by Governors during the meetings; resolutions adopted by the Board of Governors of the Fund since the last Annual Meeting in September 2006; reports, recommendations, or communiqués issued by the Committees of the Board of Governors at the time of the meetings; and other documents relating to the meetings.

Shailendra J. Anjaria

Secretary

International Monetary Fund

Washington, D. C.

November 1, 2007