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International Monetary Fund

Renzo G. Rossini Advisor Javier Silva Ruete Philippines Governor Amando M. Tetangco, Jr. Alternate Governor Roberto Tan Advisor s Cyd Amador Edgardo J. Angara Belen Anota Raul Boncan Enrico Cruz Omar Cruz Rosalia de Leon Raymond GO William B. Go Maria Lumen Isleta Exequiel Javier Jose Carlos Lacson Hermilando Mandanas Aurelio Montinola, III Antonio H. Ozaeta Renato Pizarro Antonino P

International Monetary Fund

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.

Rodrigo de Rato y Figaredo

Abstract

Mr. Chairman, Governors, honored guests, it is a pleasure to welcome you to these Annual Meetings. Before beginning my speech, I would like to make an announcement. Last night, the Board of Governors completed its vote on reform of quotas and voice in the International Monetary Fund. This morning, I am delighted to tell you that Governors have voted overwhelmingly in support of the reforms.

Paul D. Wolfowitz

Abstract

Mr. Chairman, Governors, and distinguished guests, I am pleased to join you for the Annual Meetings of the IMF and the World Bank Group. I would like to extend a special thanks to the Government and people of Singapore for hosting us and for their hard work in organizing this meeting, and to the Chairman of the Development Committee, Alberto Carrasquilla, for leading our important discussions.