Chapter

Reports of the Joint Procedures Committee

Author(s):
International Monetary Fund. Secretary's Department
Published Date:
November 1997
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ChairmanUnited Arab Emirates
Vice ChairmenCzech Republic, Malaysia
Reporting MemberUganda

Other Members

Argentina, Burkina Faso, People’s Republic of China, Colombia, Costa Rica, France, Germany, Japan, Kyrgyz Republic, Madagascar, Netherlands, Norway, Russian Federation, St. Lucia, Samoa, Saudi Arabia, Senegal, United Kingdom, United States

Report II1

September 25, 1997

Mr. Chairman:

At the meeting of the Joint Procedures Committee held on September 24, 1997, 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. 1997 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 Committee2

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

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

    The Committee considered the Report on Audit for the Financial Year ended April 30, 1997, the Financial Statements contained therein (Fund Document No. 6 and Appendix X of the 1997 Annual Report), and the Administrative Budget for the Financial Year ending April 30, 1998 and the Capital Budget for capital projects beginning in Financial Year 1998 (Fund Document No. 8 and Appendix IX of the 1997 Annual Report).

    The Committee recommends that the Board of Governors of the Fund adopt the draft Resolution set forth in Fund Document No. 7.3

Approved:

/s/ Mohammed K. Khirbash/s/ Jehoash S. Mayanja-Nkangi
United Arab Emirates—ChairmanUganda—Reporting Member

Report III4

September 25, 1997

Mr. Chairman:

The Joint Procedures Committee met on September 24, 1997 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 Fund and the Bank 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 (Bank Document No. 3 and Fund Document No. 5).5

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 1997/98

The Committee recommends that the Governor for Austria be Chairman and that the Governors for India and Nicaragua 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: Austria, Azerbaijan, Brazil, Cameroon, Canada, Côte d’Ivoire, France, Georgia, Germany, Greece, Guatemala, India, Japan, Lebanon, Micronesia, Mozambique, Nicaragua, Philippines, Poland, Saudi Arabia, the United Kingdom, the United States, and Zambia.

It is recommended that the Chairman of the Joint Procedures Committee shall be the Governor for Austria, and the Vice Chairmen shall be the Governors for India and Nicaragua, and that the Governor for Zambia shall serve as Reporting Member.

Approved:

/s/ Mohammed K. Khirbash/s/ Jehoash S. Mayanja-Nkangi
United Arab Emirates—ChairmanUganda—Reporting Member

Report I dealt with the business of the Boards of Governors of the Bank, IFC, and IDA. Report II 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 September 25, 1997.

See pages 34—37.

Resolution No. 52-5; see page 280.

Report III and recommendations contained therein were approved by the Board of Governors of the Fund, in Joint Session with the Boards of Governors of the Bank, IFC, and IDA, on September 25, 1997.

See pages 37–39.

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