Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
September 2003
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Summary Proceedings

of the Fifty-Sixth Annual Meeting

of the Board of Governors

September 29, 2002

International Monetary Fund

Washington, D.C.

ISSN 0074-7025 • ISBN 1-58906-288-4

CONTENTS

SPEAKERS BY SESSION

LIST OF ABBREVIATIONS

AFRITAC

African Regional Technical Assistance Center

AML

anti-money laundering

AsDB

Asian Development Bank

ASEAN

Association of South East Asian Nations

BT

business technology

BWls

Bretton Woods institutions

CAC

collective action clause

CAP

Common Agricultural Policy

CARICOM

Caribbean Community

CAS

Country Assistance Strategy

CBA

currency board arrangement

CCL

Contingent Credit Line

CDF

Comprehensive Development Framework

CDP

Country Development Partnerships

CFT

combating the financing of terrorism

CG

consultative group

CIS

Commonwealth of Independent States

CPI

consumer price index

DAC

Development Assistance Committee

ECB

European Central Bank

EFA

Education For All

EFF

Extended Fund Facility

EMU

European Monetary Union

EU

European Union

FATF

Financial Action Task Force

FDI

foreign direct investment

FSAP

Financial Sector Assessment Program

FSF

Financial Stability Forum

G-3

Group of Three (U.S., Japan, Europe)

G-7

Group of Seven (Canada, France, Germany, Italy, Japan, U.K., U.S.)

G-10

Group of Ten (Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, U.K., U.S.)

GCC

Gulf Cooperation Council

GDP

gross domestic product

GEF

Global Environment Facility

GMS

Greater Mekong Subregion

GNP

gross national product

HIPC

heavily indebted poor country

IAS

International Accounting Standards

IBRD

International Bank for Reconstruction and Development

IDA

International Development Association

IDA-12

twelfth replenishment of IDA

IDA-13

thirteenth replenishment of IDA

IEO

Independent Evaluation Office

IFA

international financial architecture

IFC

International Finance Corporation

IFI

international financial institution

IMF

International Monetary Fund

IMFC

International Monetary and Financial Committee

I-PRSP

Interim Poverty Reduction Strategy Paper

IT

information technology

LIA

lending into arrears

LOI

Law on Investment (Cambodia)

MDBs

multilateral development banks

MDGs

Millennium Development Goals

MIGA

Multilateral Investment Guarantee Agency

NEPAD

New Partnership for Africa’s Development

NGO

nongovernmental organization

NPEP

National Poverty Eradication Program

NPL

nonperforming loan

ODA

official development assistance

OECD

Organization for European Cooperation and Development

PACT

Partnership for Capacity Building in Africa

PFTAC

Pacific Financial Technical Assistance Center

PRGF

Poverty Reduction and Growth Facility

PRSC

Poverty Reduction Support Credit

PRSP

Poverty Reduction Strategy Paper

PSAL

Public Sector Adjustment Loan

PSI

private sector involvement

ROSC

Report on Observance of Standards and Codes

SBA

Stand-By Arrangement

SCB

state-owned commercial bank

SDDS

Special Data Dissemination Standard

SDR

special drawing right

SDRM

Sovereign Debt Restructuring Mechanism

SEDPII

Second Socio-Economic Development Plan (Cambodia)

SGP

Stability and Growth Pact

SMEs

small and medium-sized enterprises

SRF

Supplemental Reserve Facility

TAMC

Thai Asset Management Corporation

UN

United Nations

UNDP

United Nations Development Program

VAT

value-added tax

WSSD

World Summit on Sustainable Development

WTO

World Trade Organization

INTRODUCTORY NOTE

The Fifty-Sixth Annual Meeting of the Board of Governors of the International Monetary Fund was held in Washington, D.C. on September 29, 2002, jointly with the Annual Meetings of the Board of Governors of the World Bank Group. The Honorable Ahmed Bin Abdulnabi Macki, Governor of the Fund and the Bank for the Sultanate of Oman, 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 2000; 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.

Statements by the Governors are listed in alphabetical order by country on pages iii-v, speakers are listed by session on pages vii-ix, and a list of abbreviations used in the statements and documents is given on pages x-xii.

Shailendra J. Anjaria

Secretary

International Monetary Fund

Washington, D. C.

November 1, 2002

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