Chapter

Reports of the Joint Procedures Committee

Author(s):
International Monetary Fund. Secretary's Department
Published Date:
November 1995
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ChairmanBenin
Vice ChairmenParaguay, Romania
Reporting MemberKorea

Other Members

Barbados, Chile, China, Ecuador, Finland, France, Germany, Israel, Italy, Japan, Kiribati, Lithuania, Mauritius, Saudi Arabia, Tanzania, Ukraine, United Kingdom, United States, Zimbabwe

Report I1

October 10, 1995

Mr. Chairman:

The Committee considered, by correspondence, one item on the agenda of the Board of Governors of the Fund concerning membership of Brunei Darussalam and submits the following report and recommendation:

Membership of Brunei Darussalam

The Committee considered the Report by the Executive Board on the admission of Brunei Darussalam to membership in the International Monetary Fund, as set forth in Fund Document No. 6.

The Committee recommends that the Board of Governors of the Fund adopt the draft Resolution attached to the said Report.2

Approved:

/s/ Paul Dossou/s/ Kyung Shik Lee
Benin—ChairmanKorea—Reporting Member

Report IV1

October 12, 1995

Mr. Chairman:

At the meeting of the Joint Procedures Committee held on October 11, 1995, items of business on the agenda of the Board of Governors of the International Monetary Fund were considered.

The Committee submits the following report and recommendations:

1. 1995 Annual Report

The Committee noted that provision had been made for the annual discussion of the business of the Fund.

2. Report of the Chairman of the Interim Committee

The Committee noted the presentation made by the Chairman of the Interim Committee.2

The Committee recommends that the Board of Governors of the Fund thank the Interim Committee for its work.

3. Financial Statements, Report on Audit, and Administrative and Capital Budgets

The Committee considered the Report on Audit for the Financial Year ended April 30, 1995, the Financial Statements contained therein (Fund Document No. 7 and Appendix X of the 1995 Annual Report), and the Administrative Budget for the Financial Year ending April 30, 1996 and the Capital Budget for capital projects beginning in Financial Year 1996 (Fund Document No. 9 and Appendix IX of the 1995 Annual Report).

The Committee recommends that the Board of Governors of the Fund adopt the draft Resolution set forth in Fund Document No. 8.3

Approved:

/s/ Paul Dossou/s/ Kyung Shik Lee
Benin—ChairmanKorea—Reporting Member

Report V1

October 12, 1995

Mr. Chairman:

The Joint Procedures Committee met on October 11,1995, and submits the following report and recommendations:

1. Development Committee

The Committee noted that the Report of the Chairman of the 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) has been presented to the Boards of Governors of the Bank and Fund pursuant to paragraph 5 of Resolutions Nos. 29-9 and 294 of the Fund and Bank, respectively (Fund Document No. 5 and Bank Document No. 3).2

The Committee recommends that the Boards of Governors of the Bank and the Fund note the report and thank the Development Committee for its work.

2. Officers and Joint Procedures Committee for 1995/96

The Committee recommends that the Governor for Chile be Chairman and that the Governors for Papua New Guinea and South Africa be Vice Chairmen of the Boards of Governors of the World Bank Group and of the Fund, to hold office until the close of the next Annual Meetings.

It is further recommended that a Joint Procedures Committee be established to be available, after the termination of these meetings and until the close of the next Annual Meetings, for consultation at the discretion of the Chairman, normally by correspondence and, if the occasion requires, by convening; and that this Committee shall consist of the Governors for the following members: Belarus, Belgium, Chile, Denmark, El Salvador, Equatorial Guinea, Ethiopia, France, Germany, India, Jamaica, Japan, Mauritania, Moldova, Papua New Guinea, Portugal, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom, United States, Venezuela, and Vietnam.

It is recommended that the Chairman of the Joint Procedures Committee shall be the Governor for Chile, and the Vice Chairmen shall be the Governors for Papua New Guinea and South Africa, and that the Governor for Portugal shall serve as Reporting Member.

Approved:

/s/ Paul Dossou/s/ Kyung Shik Lee
Benin—ChairmanKorea—Reporting Member

Report I and the Resolution contained therein was adopted by the Board of Governors of the Fund in Joint Session with the Boards of Governors of the Bank, IFC, and IDA on October 10, 1995.

Resolution No. 50-3; see pages 261-63.

Reports II and III dealt with the business of the Boards of Governors of the Bank, IFC, and IDA. Report IV and the recommendations contained therein were adopted by the Board of Governors of the Fund in Joint Session with the Boards of Governors of the Bank, IFC, and IDA, on October 12, 1995

See pages 37-40.

Resolution No. 50-4; see page 263.

Report V and the recommendations contained therein were adopted by the Board of Governors of the Fund, in Joint Session with the Boards of Governors of the Bank, IFC, and IDA, on October 12, 1995.

See pages 40-42.

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