Resolution No. 63–1 Thirteenth General Review of Quotas
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on January 2, 2008 for a vote without meeting:
RESOLVED:
THAT the Board of Governors, having noted the report of the Executive Board entitled Thirteenth General Review of Quotas—Report of the Executive Board to the Board of Governors, hereby resolves to conclude this review under Article III, Section 2(a) with no proposal to increase quotas. It notes the intention of the Executive Board during the period of the Fourteenth General Review, which the Articles of Agreement provide commences upon completion of the present review, to monitor closely and assess the adequacy of Fund resources.
The Board of Governors adopted the foregoing Resolution, effective January 28, 2008.
Resolution No. 63–2 Reform of Quota and Voice in the International Monetary Fund
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on March 28, 2008 for a vote without meeting. Considering that the Resolution is also proposing adjustments in the quotas of members that have requested such adjustment and whose names are listed in Attachment I of the Resolution, the adoption of the Resolution requires positive responses from Governors having an eighty-five percent majority of the total voting power:
WHEREAS in response to the request of the Board of Governors set forth in Resolution 61–5, the Executive Board has submitted to the Board of Governors a report entitled “Reform of Quota and Voice in the International Monetary Fund: Report of the Executive Board to the Board of Governors”, hereinafter the “Report”; and
WHEREAS the Executive Board has recommended increases in the quotas of a number of Fund members, all of whom have requested that their quotas be increased; and
WHEREAS in response to the request of the Board of Governors set forth in Resolution 61–5, the Executive Board has proposed an amendment of the Articles of Agreement that (a) would have the effect of increasing the number of basic votes of members and establish a mechanism to ensure that the ratio of the sum of the basic votes of all members to the sum of the total voting power of all members remains constant and (b) would enable each Executive Director elected by a large number of members to appoint a second Alternate Executive Director; and
WHEREAS the Chairman of the Board of Governors has requested the Secretary of the Fund to bring the proposal of the Executive Board before the Board of Governors; and
WHEREAS the Report of the Executive Board setting forth its proposal has been submitted to the Board of Governors by the Secretary of the Fund; and
WHEREAS the Executive Board has requested the Board of Governors to vote on the following Resolution without meeting, pursuant to Section 13 of the By-Laws of the Fund:
NOW THEREFORE, the Board of Governors, noting the recommendation and the said Report of the Executive Board, hereby RESOLVES that:
A. Increase in Quotas of Members
1. The International Monetary Fund proposes that, subject to the provisions of this Resolution, the quotas of members of the Fund listed in Attachment I to this Resolution shall be increased to the amounts shown against their names in Attachment I.
2. A member’s increase in quota shall not become effective unless the member in question has consented in writing to the increase and has paid to the Fund the full amount of such increase. Each member shall pay 25 percent of its increase either in special drawing rights or in the currencies of other members specified, with their concurrence, by the Fund, or in any combination of special drawing rights and such currencies. The balance of the increase shall be paid by each member in its own currency.
3. Each member shall consent to the proposed increase of its quota no later than October 31, 2008; provided that the Executive Board may extend this period as it may determine, taking into account, in particular, the need of members to obtain domestic legislative approval.
4. Each member shall pay to the Fund the increase in its quota within 30 days of the later of (a) the date on which it notifies the Fund of its consent or (b) the date on which the requirement for the effectiveness of the increase in quota under paragraph 5 below has been met; provided that the Executive Board may extend the payment period as it may determine.
5. No increase in quota shall become effective before the entry into force of the proposed amendment of the Articles of Agreement approved by this Resolution.
B. Future Quota Reviews
To ensure that members’ quota shares continue to reflect their relative positions in the world economy, the Executive Board is requested to recommend further realignments of members’ quota shares in the context of future general quota reviews, beginning with the Fourteenth General Review of Quotas.
C. Amendment of the Articles of Agreement
1. The proposed amendment of the Articles of Agreement of the International Monetary Fund set forth in Attachment II to this Resolution (the Proposed Amendment to Enhance Voice and Participation in the International Monetary Fund) is approved.
2. The Secretary is directed to ask all members of the Fund, by circular letter or telegram, or other rapid means of communication, whether they accept, in accordance with the provisions of Article XXVIII of the Articles, the Proposed Amendment to Enhance Voice and Participation in the International Monetary Fund.
3. The communication to be sent to all members in accordance with the previous paragraph shall specify that the Proposed Amendment to Enhance Voice and Participation in the International Monetary Fund shall enter into force for all members as of the date on which the Fund certifies, by formal communication addressed to all members, that three-fifths of the members, having eighty-five percent of the total voting power, have accepted the Proposed Amendment to Enhance Voice and Participation in the International Monetary Fund.
D. Members Entitled to Appoint Two Alternate Executive Directors
1. Following the first regular election of Executive Directors after entry into force of the Proposed Amendment to Enhance Voice and Participation in the International Monetary Fund, an Executive Director elected by at least 19 members shall be entitled to appoint two Alternate Executive Directors.
2. As a condition for appointing two Alternate Executive Directors, an Executive Director is required to designate by notification to the Secretary of the Fund: (i) the Alternate who shall act for the Executive Director when he is not present and both Alternates are present and (ii) the Alternate who shall exercise the powers of the Executive Director pursuant to Article XII, Section 3(f). By notification to the Secretary of the Fund, an Executive Director may change these designations at any time.
Attachment I
Proposed Quota (In millions of SDRs) | Proposed Quota (In millions of SDRs) | ||
---|---|---|---|
Albania | 60.0 | Malaysia | 1,773.9 |
Austria | 2,113.9 | Maldives | 10.0 |
Bahrain | 176.4 | Mexico | 3,625.7 |
Bhutan | 8.5 | Norway | 1,883.7 |
Botswana | 87.8 | Oman | 237.0 |
Brazil | 4,250.5 | Palau, Republic of | 3.5 |
Cape Verde | 11.2 | Philippines | 1,019.3 |
Chad | 66.6 | Poland | 1,688.4 |
China | 9,525.9 | Portugal | 1,029.7 |
Costa Rica | 187.1 | Qatar | 302.6 |
Cyprus | 158.2 | San Marino | 22.4 |
Czech Republic | 1,002.2 | Seychelles | 10.9 |
Denmark | 1,891.4 | Singapore | 1,408.0 |
Ecuador | 347.8 | Slovak Republic | 427.5 |
Equatorial Guinea | 52.3 | Slovenia | 275.0 |
Eritrea | 18.3 | Spain | 4,023.4 |
Estonia | 93.9 | Syrian Arab Republic | 346.8 |
Germany | 14,565.5 | Thailand | 1,440.5 |
Greece | 1,101.8 | Timor-Leste | 10.8 |
India | 5,821.5 | Turkey | 1,455.8 |
Ireland | 1,257.6 | Turkmenistan | 98.6 |
Israel | 1,061.1 | United Arab Emirates | 752.5 |
Italy | 7,882.3 | United States | 42,122.4 |
Japan | 15,628.5 | Vietnam | 460.7 |
Kazakhstan | 427.8 | ||
Korea | 3,366.4 | ||
Latvia | 142.1 | ||
Lebanon | 266.4 | ||
Lithuania | 183.9 | ||
Luxembourg | 418.7 |
Proposed Quota (In millions of SDRs) | Proposed Quota (In millions of SDRs) | ||
---|---|---|---|
Albania | 60.0 | Malaysia | 1,773.9 |
Austria | 2,113.9 | Maldives | 10.0 |
Bahrain | 176.4 | Mexico | 3,625.7 |
Bhutan | 8.5 | Norway | 1,883.7 |
Botswana | 87.8 | Oman | 237.0 |
Brazil | 4,250.5 | Palau, Republic of | 3.5 |
Cape Verde | 11.2 | Philippines | 1,019.3 |
Chad | 66.6 | Poland | 1,688.4 |
China | 9,525.9 | Portugal | 1,029.7 |
Costa Rica | 187.1 | Qatar | 302.6 |
Cyprus | 158.2 | San Marino | 22.4 |
Czech Republic | 1,002.2 | Seychelles | 10.9 |
Denmark | 1,891.4 | Singapore | 1,408.0 |
Ecuador | 347.8 | Slovak Republic | 427.5 |
Equatorial Guinea | 52.3 | Slovenia | 275.0 |
Eritrea | 18.3 | Spain | 4,023.4 |
Estonia | 93.9 | Syrian Arab Republic | 346.8 |
Germany | 14,565.5 | Thailand | 1,440.5 |
Greece | 1,101.8 | Timor-Leste | 10.8 |
India | 5,821.5 | Turkey | 1,455.8 |
Ireland | 1,257.6 | Turkmenistan | 98.6 |
Israel | 1,061.1 | United Arab Emirates | 752.5 |
Italy | 7,882.3 | United States | 42,122.4 |
Japan | 15,628.5 | Vietnam | 460.7 |
Kazakhstan | 427.8 | ||
Korea | 3,366.4 | ||
Latvia | 142.1 | ||
Lebanon | 266.4 | ||
Lithuania | 183.9 | ||
Luxembourg | 418.7 |
Attachment II
Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Enhance Voice and Participation in the International Monetary Fund
The Governments on whose behalf the present Agreement is signed agree as follows:
1. The text of Article XII, Section 3(e) shall be amended to read as follows:
“(e) Each Executive Director shall appoint an Alternate with full power to act for him when he is not present, provided that the Board of Governors may adopt rules enabling an Executive Director elected by more than a specified number of members to appoint two Alternates. Such rules, if adopted, may only be modified in the context of the regular election of Executive Directors and shall require an Executive Director appointing two Alternates to designate: (i) the Alternate who shall act for the Executive Director when he is not present and both Alternates are present and (ii) the Alternate who shall exercise the powers of the Executive Director under (f) below. When the Executive Directors appointing them are present, Alternates may participate in meetings but may not vote.”
2. The text of Article XII, Section 5(a) shall be amended to read as follows:
“(a) The total votes of each member shall be equal to the sum of its basic votes and its quota-based votes.
(i) The basic votes of each member shall be the number of votes that results from the equal distribution among all the members of 5.502 percent of the aggregate sum of the total voting power of all the members, provided that there shall be no fractional basic votes.
(ii) The quota-based votes of each member shall be the number of votes that results from the allocation of one vote for each part of its quota equivalent to one hundred thousand special drawing rights.”
3. The text of paragraph 2 of Schedule L shall be amended to read as follows:
“2 The number of votes allotted to the member shall not be cast in any organ of the Fund. They shall not be included in the calculation of the total voting power, except for purposes of: (a) the acceptance of a proposed amendment pertaining exclusively to the Special Drawing Rights Department and (b) the calculation of basic votes pursuant to Article XII, Section 5(a)(i).”
The Board of Governors adopted the foregoing Resolution, effective April 28, 2008.
Resolution No. 63–3 Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on April 7, 2008 for a vote without meeting:
WHEREAS the International Monetary and Financial Committee has asked the Executive Board to develop specific proposals for a new income model and a new expenditure framework by the time of the 2008 Spring Meeting of the International Monetary and Financial Committee, and the Executive Board has put forward such a proposal; and
WHEREAS the implementation of certain aspects of this proposal requires an amendment of the Articles of Agreement and the Executive Board has proposed and recommended that the Board of Governors approve such an amendment, and has prepared a Report on the same; and
WHEREAS the Chairman of the Board of Governors has requested the Secretary of the Fund to bring the proposal of the Executive Board before the Board of Governors; and
WHEREAS the Report of the Executive Board setting forth its proposal has been submitted to the Board of Governors by the Secretary of the Fund; and
WHEREAS the Executive Board has requested the Board of Governors to vote on the following Resolution without meeting, pursuant to Section 13 of the By-Laws of the Fund;
NOW, THEREFORE, the Board of Governors, noting the recommendation and the said Report of the Executive Board, hereby RESOLVES that:
1. The proposed amendment of the Articles of Agreement of the International Monetary Fund (Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund) that is attached to this Resolution is approved.
2. The Secretary of the Fund is directed to ask all members of the Fund, by circular letter, telegram or other rapid means of communication, whether they accept, in accordance with the provisions of Article XXVIII of the Articles, the Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund.
3. The communication to be sent to all members in accordance with 2 above shall specify that the Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund shall enter into force for all members as of the date on which the Fund certifies, by a formal communication addressed to all members, that three-fifths of the members, having eighty-five percent of the total voting power, have accepted the Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund.
Attachment
Proposed Amendment of the Articles of Agreement of the International Monetary Fund to Expand the Investment Authority of the International Monetary Fund
The Governments on whose behalf the present Agreement is signed agree as follows:
1. The text of Article XII, Section 6(f)(iii) shall be amended to read as follows:
“(iii) The Fund may use a member’s currency held in the Investment Account for investment as it may determine, in accordance with rules and regulations adopted by the Fund by a seventy percent majority of the total voting power. The rules and regulations adopted pursuant to this provision shall be consistent with (vii), (viii), and (ix) below.”
2. The text of Article XII, Section 6(f)(vi) shall be amended to read as follows:
“(vi) The Investment Account shall be terminated in the event of liquidation of the Fund and may be terminated, or the amount of the investment may be reduced, prior to liquidation of the Fund by a seventy percent majority of the total voting power.”
3. The text of Article V, Section 12(h) shall be amended to read as follows:
“(h) Pending uses specified under (f) above, the Fund may use a member’s currency held in the Special Disbursement Account for investment as it may determine, in accordance with rules and regulations adopted by the Fund by a seventy percent majority of the total voting power. The income of investment and interest received under (f)(ii) above shall be placed in the Special Disbursement Account.”
4. A new Article V, Section 12(k) shall be added to the Articles to read as follows:
“(k) Whenever under (c) above the Fund sells gold acquired by it after the date of the second amendment of this Agreement, an amount of the proceeds equivalent to the acquisition price of the gold shall be placed in the General Resources Account, and any excess shall be placed in the Investment Account for use pursuant to the provisions of Article XII, Section 6(f). If any gold acquired by the Fund after the date of the second amendment of this Agreement is sold after April 7, 2008 but prior to the date of entry into force of this provision, then, upon the entry into force of this provision, and notwithstanding the limit set forth in Article XII, Section 6(f)(ii), the Fund shall transfer to the Investment Account from the General Resources Account an amount equal to the proceeds of such sale less (i) the acquisition price of the gold sold, and (ii) any amount of such proceeds in excess of the acquisition price that may have already been transferred to the Investment Account prior to the date of entry into force of this provision.”
The Board of Governors adopted the foregoing Resolution, effective May 5, 2008.
Resolution No. 63–4 Direct Remuneration of Executive Directors and their Alternates
Pursuant to Section 14(e) of the By-Laws, the 2008 Joint Committee on the Remuneration of Executive Directors and their Alternates on June 25, 2008 directed the Secretary of the Fund to transmit its report and recommendations to the Board of Governors of the Fund. The Committee’s report contained the following proposed Resolution for adoption by the Board of Governors.
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on June 26, 2008 for a vote without meeting:
RESOLVED
THAT, effective July 1, 2008, the remuneration of the Executive Directors of the Fund and their Alternates pursuant to Section 14(e) of the By-Laws shall be paid in the form of salary without a separate supplemental allowance, and such salary shall be paid at the annual rate of $230,790 per year for Executive Directors and $199,650 per year for their Alternates.
The Board of Governors adopted the foregoing Resolution, effective July 25, 2008.
Resolution No. 63–5 2008 Regular Election of Executive Directors
The Executive Board decided on July 25, 2008, to propose a draft Resolution of the Board of Governors, by which the Board of Governors would adopt: (a) the draft Regulations for the Conduct of the 2008 Regular Election of Executive Directors; and (b) the recommendations relating to the timing of the next regular election. The recommendation that there should continue to be nineteen elective Executive Directors requires that the draft Resolution be adopted by an eighty-five percent majority of the total voting power, as specified in Article XII, Section 3(b).
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on July 28, 2008 for a vote without meeting:
RESOLVED:
(a) In accordance with paragraph (b) of Resolution No. 61–3 adopted on August 1, 2006, which provides that “a Regular Election of Executive Directors shall take place in 2008”, the proposed Regulations for the Conduct of the 2008 Regular Election of Executive Directors are hereby adopted; and
(b) That the next Regular Election of Executive Directors shall take place in 2010.
The Board of Governors adopted the foregoing Resolution, effective August 18, 2008.
Resolution No. 63–6 Reimbursement for Reasonable Expenses Incurred by Governors and Alternates in Attending Meetings of the Board of Governors—Amendment of Section 14(a) of the By-Laws
As part of the measures required to reduce Fund expenses and share the burden of such reductions across the Fund, the Managing Director proposed to discontinue reimbursement of travel expenses incurred by Governors and Alternates in attending meetings of the Board of Governors, as well as to reduce the number of days for which the Fund will pay them a per diem to compensate for accommodation and meals during those meetings. In that regard, on September 8, 2008 the Executive Board directed the Secretary of the Fund to transmit its report to the Board of Governors of the Fund. The report recommended to the Board of Governors that Section 14(a) of the By-Laws be amended to specifically exclude travel expenses from the reasonable expenses to be reimbursed.
In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on September 8, 2008 for a vote without meeting:
RESOLVED:
The Board of Governors hereby resolves that Paragraph (a) of Section 14 of the By-Laws is amended to read as follows:
(a) Governors and Alternates shall receive reimbursement for reasonable expenses incurred in attending meetings of the Board of Governors, except for travel expenses.
The Board of Governors adopted the foregoing Resolution, effective September 23, 2008.
Resolution No. 63–7 Financial Statements, Report on Audit, and Administrative and Capital Budgets
RESOLVED:
THAT the Board of Governors of the International Monetary Fund considers the Report on Audit for the Financial Year ended April 30, 2008, the Financial Statements contained therein, and the Administrative Budget for the Financial Year ending April 30, 2009 and the Capital Budget for capital projects beginning in Financial Year 2009 as fulfilling the requirements of Article XII, Section 7 of the Articles of Agreement and Section 20 of the By-Laws.
The Board of Governors adopted the foregoing Resolution, effective October 13, 2008.
International Monetary and Financial Committee of the Board of Governors of the International Monetary Fund
Press CommuniquÉ
October 11, 2008
1. The International Monetary and Financial Committee held its eighteenth meeting in Washington, D.C. on October 11, 2008 under the Chairmanship of Dr. Youssef Boutros-Ghali, the Minister of Finance of Egypt. The Committee welcomes Dr. Boutros-Ghali, the new IMFC Chairman. The Committee expresses its deep gratitude to Mr. Tommaso Padoa-Schioppa for his invaluable role as the Committee’s Chairman in securing the membership’s support for critical IMF reforms, and extends its best wishes.
2. Yesterday, October 10, the G-7 met and agreed the following plan of action:
“Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure.
Take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding.
Ensure that our banks and other major financial intermediaries, as needed, can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses.
Ensure that our respective national deposit insurance and guarantee programs are robust and consistent so that our retail depositors will continue to have confidence in the safety of their deposits.
Take action, where appropriate, to restart the secondary markets for mortgages and other securitized assets. Accurate valuation and transparent disclosure of assets and consistent implementation of high quality accounting standards are necessary.
The actions should be taken in ways that protect taxpayers and avoid potentially damaging effects on other countries. We will use macroeconomic policy tools as necessary and appropriate. We strongly support the IMF’s critical role in assisting countries affected by this turmoil. We will accelerate full implementation of the Financial Stability Forum recommendations and we are committed to the pressing need for reform of the financial system. We will strengthen further our cooperation and work with others to accomplish this plan.”
3. Today the International Monetary and Financial Committee strongly endorsed the above commitments.
4. The Committee recognizes that the depth and systemic nature of the crisis call for exceptional vigilance, coordination, and readiness to take bold action. It underscores that the Fund has a critical mandate to foster the multilateral cooperation needed to restore and safeguard international monetary and financial stability. The Committee considers that, using its emergency procedures, the Fund stands ready to quickly make available substantial resources to help member countries cover financing needs. The Committee calls for further intensive Fund engagement across the membership to discuss and develop robust policy responses to the crisis.
5. Moreover, the Committee notes that many emerging market economies, which have implemented sound policies in recent years, may experience spillover effects from the financial crisis. The difficult global financial environment, including elevated food and fuel prices, adds to the challenges for emerging market and developing countries to preserve macroeconomic stability, sustain growth, and make progress on poverty reduction. For these reasons, it is critically important that collaborative action be coordinated between advanced and emerging economies.
6. The Committee calls on the Fund—given its universal membership, core macro-financial expertise, and its mandate to promote international financial stability—to take the lead, in line with its mandate, in drawing the necessary policy lessons from the current crisis and recommending effective actions to restore confidence and stability. It asks the Fund to focus discussion, and enhance cooperation, with a wide range of perspectives with the FSF, the G-20, and others on this issue in an inclusive setting. The Committee asks the IMF to start this initiative immediately and to report to the IMFC at the latest at its next meeting.
7. The next regular meeting of the IMFC will be held in Washington, D.C. on April 25, 2009. The attachment summarizes the Committee’s discussion on other key points.
Attachment
Supporting Growth and Tackling Global Challenges
1. The Committee emphasizes that macroeconomic policies in the advanced economies need to provide essential stimulus in the face of the risk of a pronounced economic downturn, as confidence in the financial system is restored. Given the decline in commodity prices from their recent peaks and the expected slowing activity in many countries, policymakers should consider the most appropriate policy actions depending on national conditions. The Committee welcomes the recent coordinated monetary policy actions undertaken by several central banks. In a number of economies, fiscal policy has provided timely support to boost activity. Further fiscal initiatives should take account of medium-term consolidation objectives and, if undertaken, should give priority to dealing with financial problems. While macroeconomic policy priorities vary considerably across emerging market and developing economies, the Committee notes that the risk of a marked slowdown owing to financial market strains and sluggish export markets is becoming the primary concern for many of them. The Committee calls on the IMF to stand ready to assist members to prepare timely, effective, and appropriate policy responses to alleviate the impact of negative spillovers from the financial crisis.
2. The Committee is concerned that the progress made by low-income countries in achieving macroeconomic stability, fostering growth, and reducing poverty is being undermined by the adverse global environment. Many low-income countries, particularly in sub-Saharan Africa, have been severely hit by higher food and fuel prices. The Committee calls on low-income countries to pursue strengthened adjustment efforts with increased donor assistance, in particular grants, to limit the effects on real income and poverty. The Committee welcomes the mission statement on low-income countries, and considers that the Fund should continue to play its part in the areas of its core expertise. The Committee welcomes the reforms to the Exogenous Shocks Facility, which allow it to be used more quickly and adequately.
3. The Committee notes the challenges posed by higher commodity prices in many countries, even though food and fuel prices have receded from their recent peaks. It recommends that shifts in international food and fuel prices be passed through to domestic markets, backed by targeted measures and adequate safety nets to protect the poor and taking into account country-specific circumstances.
4. Progress toward a more multilateral trading system has never been more important given risks to global growth. The Committee therefore calls on members to resist protectionist pressures, and reiterates its strong support for a prompt and ambitious conclusion of the Doha Development Round of trade negotiations.
5. The Committee emphasizes that it remains important to guard against global imbalances. The multilateral strategy for addressing global imbalances remains relevant, even though short-term measures will need to focus on stabilizing financial markets.
Advancing the IMF’s Surveillance Agenda
6. The Committee underscores the central role of Fund surveillance in providing clear, advance warning of risks, helping members understand the interdependence of their economies, and promoting globally consistent policy responses. The Committee takes note of the conclusion of the Triennial Surveillance Review, and endorses the Fund’s first Statement of Surveillance Priorities. The Committee calls on all members to work together cooperatively and with the Fund toward achieving the economic and operational objectives that it sets forth. The Committee calls on the Fund to press ahead with the enhanced early warning of risks and vulnerabilities, including through enhanced financial sector liaison, analysis of macro-financial linkages, and scenario analysis, and by completing the extension of its vulnerability exercise to advanced economies. The communication of these risks and vulnerabilities should be concise, authoritative, and timely, including through an enhanced World Economic Outlook and Global Financial Stability Report. Work should also be undertaken toward a reshaped Financial Sector Assessment Program that is better integrated with the Fund’s surveillance mandate, and embraces regional perspectives. The Committee looks forward to regular reporting by the Managing Director on the progress made against surveillance priorities.
Reviewing the IMF’s Lending Role
7. The Committee stresses that Fund financing has a critical role to play in giving confidence to members—subject to adequate safeguards—by helping them cope with the challenges of globalization in general and the current financial crisis in particular. It emphasizes that the Fund is ready to make full use of the flexibility already embodied in its lending instruments, particularly in the emergency procedures and provisions for exceptional access. But additional efforts are needed to review the Fund’s lending instruments, which might need to be adapted to the evolving needs of the membership. The Committee welcomes the ongoing review of the Fund’s lending role, and supports the plan to advance work in the following five areas: (i) reviewing the analytical framework for Fund lending and its coherence, including the scope for innovation in and streamlining of lending instruments, and exploring new modalities for Fund financing; (ii) creating a new liquidity instrument; (iii) re-examining Fund conditionality; (iv) reviewing the Fund’s lending facilities for low-income members; and (v) increasing access limits and financing terms for using Fund resources. The Committee urges the Executive Board to take this agenda forward expeditiously. The Committee strongly recommends that decisions be taken on an accelerated basis in those areas where there is strong consensus and particular urgency—such as the establishment of a new liquidity instrument—and on the full range of issues by the time of the 2009 Annual Meetings.
The Santiago Principles—Generally Accepted Principles and Practices for Sovereign Wealth Funds
8. The Committee welcomes the development of the Santiago Principles by the International Working Group of Sovereign Wealth Funds (SWFs). The Principles represent a collaborative effort by SWFs from across advanced, emerging, and developing country economies to set out a comprehensive framework, providing a clearer understanding of the operations of SWFs. Their adoption on a voluntary basis signals strong commitment to the Principles and their implementation should further enhance the stabilizing role played by SWFs in the financial markets, and help maintain the free flow of cross-border investment. The Committee welcomes the intention of the International Working Group to consider establishing a Standing Group to keep the Principles under review and explore the scope for collecting and disseminating aggregated information on SWF operations. It emphasizes that continued Fund support, if requested, should be consistent with budgetary constraints. The Committee also stresses the importance of clear and nondiscriminatory policies by recipient countries toward SWF investments. It looks forward to the completion of the work of the OECD in this area, and encourages continued dialogue and coordination between the OECD and SWFs.
Other Issues
9. The Committee welcomes the approval by the Board of Governors of the Resolution on quota and voice reforms, including the amendment of the Fund’s Articles of Agreement to enhance voice and participation in the Fund. It notes that this is an important first step toward a realignment of members’ quota and voting shares. These realignments are expected to result in increases in the quota shares of dynamic economies, and hence in the share of emerging market and developing economies as a whole. The Committee also looks forward to further work by the Executive Board on elements of the new quota formula that can be improved before the formula is used again. The Committee also welcomes the approval of the amendment broadening the Fund’s investment authority as part of the Fund’s new income model. The Committee urgently calls on all members to work toward the early completion of the domestic legislative steps required for making the quota and voice reforms and the Fund’s new income model effective.
10. The Committee recommends members’ acceptance of the amendment of the Articles of Agreement for a special one-time allocation of SDRs.
11. The Committee welcomes the ongoing re-assessment of the Fund’s governance. This involves the follow-up by the Fund’s Executive Board to the IEO Evaluation of Aspects of IMF Corporate Governance; the work of the committee of eminent persons on IMF governance reform, chaired by Mr. Trevor Manuel; and the engagement of civil society and other concerned audiences. The Committee underscores that governance reforms will require joint and collaborative efforts by all organs of the Fund. It looks forward to a progress report at its next meeting.
Annex
Surveillance Priorities for the International Monetary Fund, 2008–2011 (adopted by the IMF Executive Board on October 7, 2008)
In pursuit of its mandate to promote international monetary and financial stability, IMF surveillance will be guided through 2011 by the following priorities:
Economic priorities
The global economy faces a period of severe financial distress and slower growth alongside the challenges of sharp commodity price changes and global imbalances. The following interrelated policy objectives will be key to return to an international environment more conducive to sustainable noninflationary growth:
Resolve financial market distress. Restore stability and minimize the adverse impact of the current crisis in financial markets on the real economy;
Strengthen the global financial system by upgrading domestic and cross-border regulation and supervision, especially in major financial centers, and by avoiding the exposure of capital-importing countries, including low-income countries, to excessive risks;
Adjust to sharp changes in commodity prices. React to commodity price shifts in domestically appropriate and globally consistent ways, with emphasis on keeping inflationary pressures in check in boom phases and minimizing risks that could arise when prices fall;
Promote the orderly reduction of global imbalances while minimizing adverse real and financial repercussions.
In coordination with other International Financial Institutions, the IMF should promote a common understanding of the forces and linkages underlying these challenges; draw key lessons from different experiences to share across the membership; provide clear advance warnings of risks to global economic and financial stability; and advise on how best to use policy—in particular monetary, fiscal, exchange rate, and financial sector policies—in support of these objectives.
Operational priorities
Risk assessment. Refine the tools necessary to provide clear early warnings to members. Thorough analysis of major risks to baseline projections (including, where appropriate, high-cost tail risks) and their policy implications should become more systematic;
Financial sector surveillance and real-financial linkages. Improve analysis of financial stability, including diagnostic tools; deepen understanding of linkages, including between markets and institutions; and ensure adequate discussion in surveillance reports;
Multilateral perspective. Bilateral surveillance to be informed systematically by analysis of inward spillovers; outward spillovers (where relevant); and cross-country knowledge (as useful); and,
Analysis of exchange rates and external stability risks. In the context of strengthening external stability analysis, integrate clearer and more robust exchange rate analysis, underpinned by strengthened methodologies, into the assessment of the overall policy mix.
The Executive Board has set the above priorities to foster multilateral collaboration and guide IMF management and staff in the conduct of surveillance. These priorities look ahead three years, but may be revised if circumstances warrant. They will guide the Fund’s work within the framework for surveillance provided by the Articles of Agreement and the relevant Board decisions, including the 2007 Decision on Bilateral Surveillance. Moreover, traditional areas of strength (such as fiscal policy and debt sustainability analysis) and relevant country-specific issues should not be overlooked.
The Executive Board is responsible for conducting, guiding and evaluating surveillance in order to ensure the achievement of these priorities. Management and staff are responsible for delivering on the operational priorities, subject to members’ cooperation in line with commitments under the Articles of Agreement. To foster progress toward economic priorities, management and staff are responsible for providing candid high-quality analysis and effective communication. The Managing Director will report: (i) regularly on actions toward priorities and readily visible results; and (ii) at the time of the next Triennial Surveillance Review on progress in attaining these priorities; management’s and staff’s contributions; and factors that impeded progress.
International Monetary and Financial Committee Composition
As of October 11, 2008
Sultan N. Al-Suwaidi
Stefan Ingves
Duvvuri Subbarao
Hervé Nzé Nong
Jean-Pierre Roth
Bernard Clerfayt
Floria María Caricote Lovera
Yi Gang
Youssef Boutros-Ghali, Chairman | |
Ibrahim A. Al-Assaf | Saudi Arabia |
Obaid Humaid Al Tayer1 | United Arab Emirates |
Anders Borg2 | Sweden |
Wouter Bos | Netherlands |
Palaniappan Chidambaram3 | India |
Alistair Darling | United Kingdom |
Carlos Fernández | Argentina |
James Michael Flaherty | Canada |
Aleksei Kudrin | Russian Federation |
Christine Lagarde | France |
Mohammed Laksaci | Algeria |
Blaise Louwembe4 | Gabon |
Guido Mantega | Brazil |
Tito Mboweni | South Africa |
Hans-Rudolf Merz5 | Switzerland |
Shoici Nakagawa | Japan |
Henry M. Paulson, Jr. | United States |
Didier Reynders6 | Belgium |
Alí Rodríguez Araque7 | Venezuela |
Peer Steinbrück | Germany |
Wayne Swan | Australia |
Giulio Tremonti | Italy |
Tarisa Watanagase | Thailand |
Zhou Xiaochuan8 | China |
Sultan N. Al-Suwaidi
Stefan Ingves
Duvvuri Subbarao
Hervé Nzé Nong
Jean-Pierre Roth
Bernard Clerfayt
Floria María Caricote Lovera
Yi Gang
Youssef Boutros-Ghali, Chairman | |
Ibrahim A. Al-Assaf | Saudi Arabia |
Obaid Humaid Al Tayer1 | United Arab Emirates |
Anders Borg2 | Sweden |
Wouter Bos | Netherlands |
Palaniappan Chidambaram3 | India |
Alistair Darling | United Kingdom |
Carlos Fernández | Argentina |
James Michael Flaherty | Canada |
Aleksei Kudrin | Russian Federation |
Christine Lagarde | France |
Mohammed Laksaci | Algeria |
Blaise Louwembe4 | Gabon |
Guido Mantega | Brazil |
Tito Mboweni | South Africa |
Hans-Rudolf Merz5 | Switzerland |
Shoici Nakagawa | Japan |
Henry M. Paulson, Jr. | United States |
Didier Reynders6 | Belgium |
Alí Rodríguez Araque7 | Venezuela |
Peer Steinbrück | Germany |
Wayne Swan | Australia |
Giulio Tremonti | Italy |
Tarisa Watanagase | Thailand |
Zhou Xiaochuan8 | China |
Sultan N. Al-Suwaidi
Stefan Ingves
Duvvuri Subbarao
Hervé Nzé Nong
Jean-Pierre Roth
Bernard Clerfayt
Floria María Caricote Lovera
Yi Gang
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 12, 2008
Summary Statement
The Development Committee met today, October 12, 2008, in Washington DC.
Our meeting took place at a critical time for the global economy, with financial markets experiencing unprecedented turmoil. Developing and transition countries (DTCs) - many of them already hit hard by current high prices for energy and essential foodstuffs – risk very serious setbacks to their efforts to improve the lives of their populations from any prolonged tightening of credit or sustained global slowdown. The poorest and most vulnerable groups risk the most serious – and in some cases permanent – damage.
Against this background, we endorse the commitments made yesterday at the International Monetary and Financial Committee.
We stressed that aid volumes need to be consistent with existing commitments and we called for full compliance with these commitments.
In support of these concerted actions, we called on the World Bank to join with the IMF in drawing on the full range of its resources – finance, analysis and advice – to help DTCs strengthen their economies, maintain growth, and protect the most vulnerable groups against the impact of the current crises.
The World Bank Group stands ready to help its partner countries:
The Bank’s recently announced $1.2 billion rapid financing facility is providing immediate help for countries coping with the impact of high food prices on the poor, and already has $850 million approved or in the pipeline. We urge countries to consider making contributions to this fund.
We encouraged the Bank and its partners to move forward with a planned new program – Energy for the Poor – that would provide rapid support for countries’ efforts to strengthen social safety nets to protect the poor against the impact of high fuel bills.
IBRD has the financial capacity to comfortably double its annual lending to developing countries to meet additional demand from clients. IBRD lending was US$13.5 billion last fiscal year.
We urged IFC to explore options for helping recapitalize banks in developing countries adversely affected by the global liquidity crisis, including the possibility of a fund.
We also supported longer-term efforts beyond the immediate crisis, including:
Expanded help for energy-deficit countries to improve energy efficiency and improve domestic production to reduce their vulnerability to future price shocks.
Reforms designed to increase the World Bank’s responsiveness to its clients.
A new strategic framework for the World Bank to play a stronger role in helping countries deal with the causes and effects of climate change, and the recent launch of the new Climate Investment Funds.
Main Text
1. We met in Washington DC today, Sunday, October 12, 2008.
2. We are concerned by the impact of the turmoil in world financial markets and the continued high prices of fuel and food. We welcomed member countries’ commitment to take comprehensive and cooperative measures to restore financial stability and the orderly functioning of credit markets. The World Bank Group (WBG) and the IMF must help address these critical challenges, in particular the impact on developing countries, and draw lessons from the current crises. It will be crucial to maintain a focus on support for sustainable growth, poverty reduction, and the achievement of the Millennium Development Goals (MDGs). We welcomed world leaders’ renewed commitment to the MDGs at the recent United Nations (UN) high-level event, and we reiterated the urgent need to forge a deepened global partnership at next month’s Financing for Development Conference in Doha.
3. Developing and transition countries (DTCs) could suffer serious consequences from any prolonged tightening of credit or sustained global slowdown. Prices for fuels and staple foods remain at high levels. This is pushing up inflation in many countries and worsening income distribution, setting back progress towards meeting the MDGs, in particular the poverty and human development MDGs. Higher food and energy prices are also causing balance of payments problems, which are especially severe for low-income energy importing countries, many in Africa. We recognized that countries face difficult policy challenges, including dealing with the distributional effects of the commodity price shocks and protecting the most vulnerable groups with carefully targeted assistance, controlling inflation, and managing the shocks, while maintaining sound public finances and sustaining growth.
4. We recognized the important role of the DTCs in the global economy, and called on the international community, including the WBG and the IMF, working in a coordinated way, to draw on the full range of their financial, analytical and technical assistance resources and policy advice to help DTCs strengthen their economies and maintain growth, and protect the most vulnerable groups within their populations against the short and medium term impact of the current crises. Poorer countries, with their limited sources of fiscal revenue, will be especially dependent on timely and predictable flows of Official Development Assistance (ODA). In this regard, we emphasized the enhanced importance, in the current context, of donors meeting their ODA commitments. We especially appreciate the strong increase in overall WBG commitments to members in fiscal year 2008. We welcomed the WBG’s collaboration with the UN and other partners, particularly through the UN High Level Task Force on the Global Food Crisis. Supporting President Zoellick’s call for a New Deal for Global Food Policy, we welcomed the expedited financing provided through the Global Food Crisis Response Program and parallel efforts to increase substantially the level of WBG financial and analytical support for food and agriculture. We welcomed the progress on the Energy for the Poor initiative and encouraged the WBG, with the help of donors, to finalize the proposal. This will provide rapid assistance to social safety nets, and support projects to reduce countries’ longer-term vulnerability to high and volatile fuel prices. We also welcomed the IMF’s mobilization of the Poverty Reduction and Growth Facility (PRGF) in response to its members’ needs, and the recent reform of its Exogenous Shocks Facility, which provides for easier and more rapid access to concessional assistance in response to shocks.
5. The need to address these new global stresses adds to an already extensive agenda of critical issues confronting the international community. These include meeting the challenges embodied in the MDGs and providing the necessary funding for their achievement in a transparent and accountable way. ODA volumes need to be consistent with existing commitments and we called for full compliance with these commitments. We also highlighted the role of domestic resources for development. We called for: continued attention to the sustainability and full delivery of debt relief initiatives; addressing issues of global public goods including climate change; supporting health delivery systems in developing countries and countering international health scourges including HIV-AIDS; promoting gender equality and the empowerment of women; and maintaining and building upon the system of open international markets, including completing the Doha Development Round and delivering increased aid for trade. These challenges are particularly acute in conflict-affected countries and those in fragile situations, where we need to step up our efforts at collaboration, knowledge-sharing and ensuring adequate and timely resources. We called upon the Bank to intensify its efforts to operate flexibly and effectively in fragile and post conflict situations, and we welcomed the upcoming signing of the UN-World Bank Partnership Framework and Fiduciary Principles Accord for Crisis and Emergency Situations. The above agenda serves as a reminder of the crucial importance of intensified international co-operation and multilateralism in effectively addressing shared global challenges.
6. In this context, we welcomed the endorsement of a substantive Agenda for Action at the Accra High Level Forum on Aid Effectiveness by a broad partnership including stakeholders engaged in South-South cooperation. We noted in particular the reinforced commitment to: mutual accountability; support for country ownership through capacity development and institution building and increased use of strengthened country systems; enhancing value for money; transparency and predictability of aid and its underlying conditions; and the reduction of aid fragmentation. We urged development partners including the WBG to develop action plans to implement the Accra Agenda for Action and look forward to seeing the Bank’s action plan before our next meeting.
7. In light of the new global challenges, we called on the Bank to urgently review the implications for its strategy and operations, and to articulate detailed objectives and actions. We asked management and the Board to work together to enhance Group synergy and make the Bank a more efficient, flexible, decentralized and client focused organization. We look forward to reviewing progress in this regard. We encouraged the Bank to complete its strategic review of IBRD’s capital.
8. We discussed and welcomed the strategic framework for the World Bank Group on Development and Climate Change. The framework benefited from extensive consultations with member countries and other stakeholders. It provides a basis for the WBG to fulfill its core mission of promoting economic growth and poverty reduction, at the global, regional and country levels, in the context of the challenges posed by climate change. While re-emphasizing the primacy of the UNFCCC negotiation process, and taking account of the Bali Action Plan, we encouraged the WBG to support climate actions in country-led development processes in a holistic manner, and to customize support to climate change adaptation and mitigation efforts, as well as capacity building needs, in its member countries. Recognizing the enormous financial gap for addressing climate change, we encouraged the WBG to strengthen its resource mobilization efforts, including facilitating access to additional concessional financing, ensuring complementarity with other financing mechanisms (notably the Global Environment Facility and the Adaptation Fund), supporting the development of market-based financing mechanisms, leveraging private sector resources, and seizing opportunities for innovation. We encouraged the WBG to play an active role in supporting the development and deployment of clean and climate-resilient technologies, and facilitating relevant R&D and technology transfer. In this context we welcomed the recent successful launch of the Climate Investment Funds (CIF), including the Clean Technology Fund and the Strategic Climate Fund, as a positive first step, and called on the WBG to give increased attention to mobilizing resources for adaptation.
9. The package of reforms enhancing voice and participation of all developing and transition countries (DTCs) in WBG governance and work, brought forward by the Bank’s Board, addresses many aspects of voice and participation in light of the Monterrey Consensus. This is an important first step in the ongoing process of comprehensive reform. This package includes both concrete immediate steps and commitments to further work. An additional Board seat for Sub Saharan Africa on the Bank’s Board will be created. DTC voting shares in IBRD and IDA will increase, giving special emphasis to smaller members. Further realignment of Bank shareholding will be taken up by the Bank’s Board in an important shareholding review that will develop principles, criteria and proposals for Bank shareholding. The review will consider the evolving weight of all members in the world economy and other Bank specific criteria consistent with the WBG’s development mandate, moving over time towards equitable voting power between developed and developing members. The Board would develop proposals by the 2010 Spring Meeting and no later than the 2010 Annual Meetings, with a view to reaching consensus on realignment at the following meeting. There is considerable agreement on the importance of a selection process for the President of the Bank that is merit-based and transparent, with nominations open to all Board members and transparent Board consideration of all candidates. In addition, Bank Management has committed to continue enhancing diversity of management and staff and decentralizing decision-making. We asked the WBG’s Boards and Management to take prompt action to implement this agreed first step. We look forward to the periodic reports on progress and future proposals for a subsequent realignment of Bank shareholding as part of comprehensive reform.
10. We welcomed the continuing work by the Board to review and further strengthen internal governance at the World Bank.
11. The Committee’s next meeting is scheduled for April 26, 2009 in Washington, DC.
Development Committee Composition
As of October 12, 2008
Agustín Carstens, Chairman
Bert Koenders
Ashok Chawla
Margaret Biggs
Benoît Coeuré
Nizar Baraka
Naoyuki Shinohara
Bernard Clerfayt
Carlo Monticelli
Trevor Manuel
Li Yong
Ibrahim Al-Assaf | Saudi Arabia |
Douglas Alexander | United Kingdom |
Ahmed bin Mohammed Al Khalifa | Bahrain |
Wouter Bos1 | The Netherlands |
Bohoun Bouabré | Côte d’Ivoire |
P. Chidambaram2 | India |
Carlos Fernández | Argentina |
James Michael Flaherty3 | Canada |
Juan Fuentes | Guatemala |
Aleksei Kudrin | Russian Federation |
Christine Lagarde4 | France |
Doris Leuthard | Switzerland |
Guido Mantega | Brazil |
Arni M. Mathiesen | Iceland |
Salaheddine Mezouar5 | Morocco |
Schoichi Nakagawa6 | Japan |
Henry M. Paulson, Jr. | United States |
Didier Reynders7 | Belgium |
Wayne Swan | Australia |
Suchart Thada-Thamrongvech | Thailand |
Giulio Tremonti8 | Italy |
Shamsuddeen Usman10 | Nigeria |
Heidemarie Wieczorek-Zeul | Germany |
Xie Xuren10 | China |
Bert Koenders
Ashok Chawla
Margaret Biggs
Benoît Coeuré
Nizar Baraka
Naoyuki Shinohara
Bernard Clerfayt
Carlo Monticelli
Trevor Manuel
Li Yong
Ibrahim Al-Assaf | Saudi Arabia |
Douglas Alexander | United Kingdom |
Ahmed bin Mohammed Al Khalifa | Bahrain |
Wouter Bos1 | The Netherlands |
Bohoun Bouabré | Côte d’Ivoire |
P. Chidambaram2 | India |
Carlos Fernández | Argentina |
James Michael Flaherty3 | Canada |
Juan Fuentes | Guatemala |
Aleksei Kudrin | Russian Federation |
Christine Lagarde4 | France |
Doris Leuthard | Switzerland |
Guido Mantega | Brazil |
Arni M. Mathiesen | Iceland |
Salaheddine Mezouar5 | Morocco |
Schoichi Nakagawa6 | Japan |
Henry M. Paulson, Jr. | United States |
Didier Reynders7 | Belgium |
Wayne Swan | Australia |
Suchart Thada-Thamrongvech | Thailand |
Giulio Tremonti8 | Italy |
Shamsuddeen Usman10 | Nigeria |
Heidemarie Wieczorek-Zeul | Germany |
Xie Xuren10 | China |
Bert Koenders
Ashok Chawla
Margaret Biggs
Benoît Coeuré
Nizar Baraka
Naoyuki Shinohara
Bernard Clerfayt
Carlo Monticelli
Trevor Manuel
Li Yong
Attendance
Members of Fund Delegations
Islamic Republic of Afghanistan
Governor
Abdul Qadeer Fitrat
Alternate Governor
Muhebullah Safi
Advisor
Patrick K. Asea
Albania
Governor
Ardian Fullani
Alternate Governor
Sherefedin Shehu
Advisor
Xhentil Demiraz
Mimoza Vangjel Dhembi
Nezir Haldeda
Genci Mamani
Helena VAKO
Algeria
Governor
Mohammed Laksaci
Alternate Governor
Ali Touati
Advisor
Said Maherzi
Angola
Governor
Rui Miguens Oliveira
Alternate Governor
Arlete Candida F. Montetro
De Sousa
Advisor
Emanuel Maravilhoso Buchartts
Joaquim Flavio Couto
Ana Beatriz G. De Ceita Da Costa
Mauro Fonseca
Bernardo Lourenco
Lucombo Joaquim Luveia
Mario Miguel
Amadeu Leitao Nunes
Celso Justino Pongolola
Antonio Manuel Ramos Da Cruz
Beatriz Ferreira de Andrade Santos
Antigua and Barbuda
Governor
Errol Cort
Alternate Governor
Rasona E. Davis
Temporary Alternate Governor
Trevor Blake
Advisor
Deborah-Mae Lovell
Argentina
Alternate Governor
Martin Redrado
Temporary Alternate Governor
Hernan Lorenzino
Advisor
Pablo Andres Pereira
Miguel Angel Pesce
Hector R. Torres
Armenia
Governor
Nerses Yeritsyan
Alternate Governor
Arthur Javadyan
Advisor
Vache Gabrielyan
Tigran Sargsyan
Australia
Governor
Wayne Swan
Temporary Alternate Governor
Christopher Y. Legg
Advisor
Nicolas Keith Brown
James Chalmers
Matthew Coghlan
Megan Doughty
Simon James Duggan
Keith M. Hall
Michael J. Kooymans
Chelsey Martin
Steven Morling
Richard Murray
Kellie Olsen
Susan Richards
Andrew Thomas
Christopher Thompson
Austria
Alternate Governor
Wolfgang Duchatczek
Temporary Alternate Governor
Isabella Lindner
Advisor
Elisabeth Gruber
Nella Hengstler
Johann Prader
Wolfgang Renezeder
Andreas Riecken
Andreas Somogyi
Raluca Tanasescu
Azerbaijan
Alternate Governor
Ilqar Fatizada
Temporary Alternate Governor
Famil Ismayilov
Advisor
Azar Alasgarov
Yashar Aliyev
Rashad Orujov
Ulvi Fuad Seyidzade
Ashraf Shikhaliyev
The Bahamas
Governor
Hubert A. Ingraham
Alternate Governor
Wendy Craigg
Temporary Alternate Governor
Colin Higgs
Advisor
Jerry Butler
Paul Feeney
Rhoda M. Jackson
Chet Neymour
Carl Oliver
Cornelius F. Smith
Sharon Turner
Simon D. Wilson
Kingdom of Bahrain
Governor
Ahmed Bin Mohammed
Al-Khalifa
Alternate Governor
Rasheed Mohamed Al-Maraj
Advisor
Kamal Ahmed
Salman Al Khalifa
Ismaeel Abdulnabi Ismaeel
Al-Marhoon
Farrah Duff
Stephen Harrison
Jacob Kristiansen
Houda Ezra Nonoo
Bangladesh
Governor
A.B. Mirza Md. Azizul Islam
Alternate Governor
Salehuddin Ahmed
Advisor
Mohammad Tareque
Barbados
Governor
Darcy Boyce
Alternate Governor
Marion Williams
Advisor
Harold E. Codrington
Donna Forde
Kevin C.D. Greenidge
Michael Ian King
Belarus
Governor
Yury Mikhailovich Alymov
Temporary Alternate Governor
Vadim Sergeevich Misyukovets
Advisor
Andrei Jumkou
Oleg Kravchenko
Oleg Morozov
Mikhail V. Nikitsenka
Oleg Popov
Sergei Roumas
Alexandr Rutkovsky
Belgium
Governor
Guy Quaden
Alternate Governor
Jean-Pierre Arnoldi
Advisor
Willy Kiekens
Stephane J.M.E.B. Rottier
Dirk Slaats
Dominique Struye de Swielande
Benin
Alternate Governor
Marcel A. de Souza
Advisor
Abel Agbebleo
Nounagnon Aristide Djidjoho
Babatunde Mohamed GADO
Martin Nani Gbedey
Cyrille Oguin
Hermann Orou Takou
Bhutan
Governor
Daw Tenzin
Alternate Governor
Pushpalal Chhetri
Bolivia
Governor
Luis Alberto Arce Catacora
Advisor
Victor Hugo De la Barra Munoz
Raul Garron Claure
Raul S. Mendoza Patino
Bosnia and Herzegovina
Governor
Dragan Vrankic
Alternate Governor
Azra Hadziahmetovic
Advisor
Vjekoslav Bevanda
Kemal Causevic
Mila Gadzic
Adnan Hadrovic
Haris Ihtijarevic
Donko Jovic
Kemal Kozaric
Sveto Miletic
Lejla Simon
Miroslav Tomic
Bisera Turkovic
Ljubisa Vladusic
Botswana
Governor
Linah K. Mohohlo
Alternate Governor
Taufila Nyamadzabo
Advisor
Ita Mary Mannathoko
Andrew Maatla Motsomi
Geoffrey Ncube
Brazil
Governor
Guido Mantega
Alternate Governor
Ronaldo Malagoni de
A. Cavalcante
Temporary Alternate Governor
Marcos Galvao
Henrique de Campos Meirelles
Paulo Nogueira Batista, Jr.
Antonio de Aguiar Patriota
Advisor
Maria Isabel Rezende Aboim
Leandro Martins Alves
Pompeu Andreucci Neto
Fernanda Arraes
Luis Antonio Balduino
Osanan Lima Barros Filho
Paulo Henrique Braga da Silva
Rodrigo Cabral
Marco Aurelio Cardoso
Luciano Galvao Coutinho
Jose Pedro Fachada Silva
Joao Carlos Ferraz
Marcelo E. Fiche
Eduardo Fingerl
Ives Fulber
Admilson Garcia
Renata Graf
Artur Cardoso de Lacerda
Rogerio Lot
Maria Elisa Rabello Maia
Sandro Marcondes
Jose Carlos Miranda
Ivan Monteiro
Ricardo de Moraes Monteiro
Helio Mori
Sergio Nazare
Alvaro Luiz Vereda Oliveira
Alexandre P. Rego
Paulo Sampaio
Carlos Henrique Moojen de Abreu e Silva
Ramiro Alves da Silva
Luis Gustavo Mansur Siqueira
Paulo Fontoura Valle
Carlos Augusto Vidotto
Brunei Darussalam
Governor
Abdul Rahman Ibrahim
Temporary Alternate Governor
Ali Apong
Advisor
Roselan Daud
Bulgaria
Governor
Ivan Iskrov
Advisor
Konstantina Kostova
Eleonora Nikolaeva Nikolova
Ianka Vitanova Paliova
Svetlana Dimitrova Panova
Elena Poptodorova
Nikolay Valov
Victor Ivanov Yotzov
Burkina Faso
Governor
Lucien Marie Noel Bembamba
Alternate Governor
Moumounou Gnankambary
Temporary Alternate Governor
Bolo Sanou
Advisor
Issa Benjamin Baguian
Boureima Balima
Marie Didier Francois
Gyengani Zakaria
Burundi
Governor
Gaspard Sindayigaya
Alternate Governor
Spes Bibara
Advisor
Edouard Bizimana
Donatien Bwabo
Beatrice Hamenyayo
Pamphile Muderega
Desire Musharitse
Jacques Ngendakumana
Nicodeme Nimenya
Dieudonne Nintunze
Celestin Niyongabo
Bonaventure Sota
Cambodia
Governor
Chea Chanto
Alternate Governor
Neav Chanthana
Advisor
Serey Chea
Nguon Sokha
Nay Im Tal
Saphear Thai
Cameroon
Governor
Essimi Menye
Alternate Governor
Mani Jean-Marie Benoit
Advisor
Philibert Andzembe
Aminou Bassoro
Georges Diffo Nigtiopop
Didier Edoa
Blaise Essomba Ngoula
Joseph Bienvenu Foe Atangana
Nazaire Fotso Ndefo
Idriss Ahmed Idriss
Yves Sererin Kamgna
Barthelemy Kouezo
Bela Lazare
Joachim Lema Okili
Rene T. Mbappou Edjenguele
Lucie Mboto Fouda
Armel Mbouloukoue
Gregoire Mebada Mebada
Alphonse Ngbako
Francois Ngoubene
Michelin NJOH
Edith Strafort Pedie
Alexandre Renamy-Lariot
Jean Tchoffo
Canada
Governor
James Michael Flaherty
Alternate Governor
Mark Carney
Temporary Alternate Governor
Antoine Brunelle Cote
Brendan Carley
Adam Chambers
John Davies
Nathalie Gauthier
Jeremy Harrison
Laird Hindle
Michael Horgan
Brigid Janssen
Anna Kwik
Tiff Macklem
Steven McLaren
John D. Murray
Chisholm Pothier
Steve Pugliese
Pierre St-Amant
Advisor
Jim Haley
Alanna Heath
Paul Jenkins
Julian Karaguesian
Shawn Ladd
Michael Wilson
Cape Verde
Governor
Cristina Duarte
Alternate Governor
Carlos Augusto Duarte de Burgo
Central African Republic
Governor
Emmanuel Bizot
Alternate Governor
Florence Limbio
Advisor
Assane Abdalla Kadre
Albert Besse
Marie Laure Dengou
Dokossi-Nozikoum
Honore Mbaye
Chad
Governor
Gata Ngoulou
Alternate Governor
Christian Mornonde Ngardoum
Advisor
Mahamat Ali Adoum
Chile
Governor
Jose De Gregorio
Alternate Governor
Fernando Leonardo Hernandez
Temporary Alternate Governor
Pablo Garcia
Advisor
Alvaro Andres Rojas Olmedo
Alejandra Rozas
Cristian Salinas
People’s Republic of China
Governor
Gang YI
Alternate Governor
Jin Zhong Xia
Temporary Alternate Governor
Mingyou BAO
Huayong Ge
Jianxiong He
Teng Lin Seng
Advisor
Sau San Chan
Jing Chen
Zhong HUA
Haiyan LI
Hui Li
Ran Lin
Ye Liu
Yuyin LIU
Changchun MU
Fang Yang
JieHan Yang
Arthur Kwok-hang YUEN
Yung Henry Chi Wai
Hui Zhao
Wu Fu Zheng
Yuling ZHENG
Colombia
Governor
Jose Dario Uribe Escobar
Alternate Governor
Juan Pablo Zarate
Temporary Alternate Governor
Maria Ines Agudelo
Carolina Barco
Juan Jose Echavarria Soto
Jose Tolosa
Leonardo G. Villar
Advisor
Jose Triana
Comoros
Governor
Mohamed Ali Soilihi
Alternate Governor
Ahamadi Abdoulbastoi
Democratic Republic of the Congo
Governor
Jean-Claude Masangu Mulongo
Alternate Governor
Athanase Matenda Kyelu
Advisor
Chiriji Celestin Chiza Chiva
Zola Diambuana
Dieu Donne Essimbo Numayeme Manu
Makiadi Ephem Ghonda
Genevieve Inagosi
Jean Claude Kabongo
Kayembe Kayembe Wa
Blaise Kiangala Ne Tulente
Camille Kos’isaka Nkombe
Firmin EyOlanga Koto
Ntahwa Kuderwa
Pierre Le Beller
Lobota Liondjo
Numbi Lumbila
Paul Luwansangu
Mapon Matata Ponyo
Faida Mitifu
Joseph Mukania Kabwe
Tambo A. Kabila Mukendi
Pongola Honore Mulangu
Kashama Mkoy Mulossa Dede
Jean-Claude Nachega
Tadi Lewa Ndongala
Nzinga Vincent Ngonga
Mawakani Samba
Jean Sefu-Idonge
Jose Sele Yalaghuli
Tshamala Serge
Felicien Tshibangu Luamuela
Moise Tshimenga Tshibangu
wa Bilenga Tshishimbi
Republic of Congo
Governor
Pacifique Issoibeka
Alternate Governor
Mathias Dzon
Advisor
Lipipi Catherin
Serge Mombouli
Yuri Tadesse
Costa Rica
Advisor
Alvaro Umana Quesada
Cote d’Ivoire
Governor
Koffi Charles Diby
Alternate Governor
Kablan Yao Sahi
Temporary Alternate Governor
Henri Philippe Dacoury-Tabley
Advisor
Charles Koffi
Jeanne Kouame-Foldah
Yehouan Anatole Tohougbe
Croatia
Governor
Boris Vujcic
Alternate Governor
Relja Martic
Advisor
Michael Faulend
Tomislav Galac
Marijan Gubic
Adolf Matejka
Cyprus
Governor
Athanasios Orphanides
Alternate Governor
Spyros G. Stavrinakis
Advisor
Andreas Kakouris
Georgios A. Kyriacou
Yannis Michaelides
Lia Riri
Czech Republic
Governor
Zdenek Tuma
Alternate Governor
Petr Prochazka
Advisor
Stanislav Polak
Denmark
Governor
Jens Thomsen
Temporary Alternate Governor
Benny Andersen
Per Callesen
Advisor
Michael Joerholm
Katrine Graabaek Mogensen
Djibouti
Governor
Djama Mahamoud Haid
Alternate Governor
Ahmed Osman Ali
Dominica
Alternate Governor
Jennifer Nero
Temporary Alternate Governor
Laurel Bain
Dominican Republic
Governor
Pedro Ramon Silverio Alvarez
Alternate Governor
Joel Tejeda
Advisor
Julio C. Estrella
Ana Beatriz Rodriguez
Daniel Toribio
Ecuador
Governor
Maria Elsa Viteri Acaiturri
Advisor
Luis Gallegos
Renato Eduardo Perez Davalos
Xavier Santillan
Arab Republic of Egypt
Governor
Youssef Boutros-Ghali
Advisor
Wafa Fahmi Abdelati
Tamer M. Ali
Rania Al-Mashat
Hany Kadry Dimian
Asmaa Adel ElGanainy
Amina Mahmoud Hafez Ghanem
Seif Kandeel
Nagwa Samir Riad
A. Shakour Shaalan
Hassan Tantawy
El Salvador
Alternate Governor
Luz Maria Serpas de Portillo
Advisor
Nelly Lacayo Anderson
Equatorial Guinea
Governor
Estanislao Don Malavo
Alternate Governor
Mariola Bindang Obiang
Advisor
Miguel Engonga
Job Obiang Esono Mbengono
Agustin Loeri-Bisquit
Luis Ondo Obono
Eritrea
Governor
Ghirmai Ghebremariam
Advisor
Gebreselassie Y. Tesfamichael
Estonia
Governor
Andres Lipstok
Temporary Alternate Governor
Aare Jarvan
Mart Kivine
Tanel Ross
Andres Sutt
Advisor
Ulo Kaasik
Maris Leemets
Mari Tarum-Seilenthal
Ethiopia
Governor
Atnafu Teklewold
Temporary Alternate Governor
Gebreyesus Guntie
Advisor
Habba Haaleo Addisu
Demissie Dejene Bedanie
E. Getachewu Gizaw
Elias Madebo
Gebre-ad Newaye-Christos
Yewondowssen Teshome Tesema
Eyob Tekalign Tolina
Fiji
Governor
Sada Sivan Reddy
Temporary Alternate Governor
Frazine Agnes Dutta
Advisor
Filimone Waqabaca
Finland
Governor
Erkki Liikanen
Temporary Alternate Governor
Velipekka Nummikoski
Advisor
Inkeri Hirvensalo
Janne Akseli Hukka
Olli-Pekka Lehmussaari
Kaija-Leena Rikkonen
France
Governor
Christine Lagarde
Alternate Governor
Christian Noyer
Advisor
David Appia
Gerard Belet
Jerome Cachau
Yves Censi
Genevieve Chedeville-Murray
Benoit Michel Claveranne
Benoit Coeure
Sonia Criseo
Aude de Amorim
Isabelle Deleu
Alain Demarolle
Corinne Dromer
Bertrand Marie
Jean Dumont
Ambroise Sixte Armel Francois Fayolle
Francois Giovalucchi
Antoine Gobelet
Herve Gonsard
Pierre Jaillet
Muriel Jakubowicz
Frederick Jeske-Schonhoven
Kacim Kellal
Regis Koetschet
Amina Lahreche
Jean-Pierre Landau
Marc Lautre
Frederic Lefebvre
Emmanuel Lenain
Roland Lomme
Francois Marion
Raphael Martinez
Christian Masset
Marc Mertillo
Emmanuel Moulin
Danielle Noirclerc-Schoenberg
Elizabeth Peri
Cyrille Pierre
Jean-Guillaume Poulain
Caroline Regis
Julien Rencki
Luc Rigouzzo
Jean-Michel Severino
Marc-Olivier Strauss-Kahn
Agnes Surry
Bruno Sylvestre
Luis Vassy
Pierre Vimont
Jean-Patrick Yanitch
Gabon
Governor
Herve Nze Nong
Alternate Governor
Regis Immongault
Advisor
Yolande Assele Ebinda
Alba Biffot
Vanessa Bongo
Carlos Boungou
Symphorien Engone
Sonia Melissa Kwaou
Michele C. Lamarche
Huguette Moussodou M.
Jean Philippe Ndong Biyogho
The Gambia
Governor
Momodou Bamba Saho
Alternate Governor
Alieu M. Ngum
Advisor
Abdoulie Jallow
Bua Saidy
Georgia
Alternate Governor
Nika Gilauri
Advisor
David Amaglobeli
Archil Mestvirishvili
Germany
Governor
Axel A. Weber
Alternate Governor
Peer Steinbrueck
Temporary Alternate Governor
Steffen Meyer
Wolfgang Moerke
Hermann Remsperger
Klaus D. Stein
Rolf Wenzel
Advisor
Karlheinz Bischofberger
Enrico Brandt
Carsten Hermann Johann Brinkmann
Christian G. Burckhardt
Helmut Burghause
Christian Dahlhaus
Leo Dautzenberg
Antonette Debus
Christoph Ludwig Denk
Anne Deter
Klaus Flosbach
Michael Freytag
Otto Fricke
Doris E. Grimm
Soenke Hansen
Stephan Hilsberg
Bernd Kaltenhaeuser
Manfred Kolbe
Andreas Mitschke
Juergen Morhard
Heike Maria Nortmann
Michael Offer
Hans Reckers
Andrea Maria Margareta Rieck
Martin Roesch
Thilo Sarrazin
Klaus Scharioth
Thomas Schedlbauer
Anna Schiller
Ines Schlotter
Carsten Schneider
Jeanette Schwamberger
Sabine Seidler
Gerhard Sennlaub
Matthias Sonn
Jorg-Otto Spiller
Gerald Steininger
Wolfgang Strengmann-Kuhn
Hubert Temmeyer
Gabriela Treess
Simone Violka
Christian von Kienlin
Bernd Walter
Klaus-Peter Willsch
Ghana
Governor
Paul Acquah
Alternate Governor
Yao Abalo
Advisor
Ernest Kwamina Addison
John Kwabena Kwakye
Maxwell Opoku-Afari
Greece
Governor
George Alogoskoufis
Alternate Governor
George Sfakianakis
Temporary Alternate Governor
Ioannis Papathanassiou
Advisor
Charalambos Dimitriou
John Economides
Omiros Emmanouilidis
Karolos Gadis
Nikolaos Keranis
Konstantinos Kollias
Alexandros Mallias
Markella Eleonora Mantika
Emmanouela Markoglou
Spyros P. Papanicolaou
Panagiotis A. Pliatsikas
Panagiotis Varagkis
Miranda Xafa
Grenada
Governor
Christopher Jules De Riggs
Guatemala
Governor
Maria Antonieta Del Cid
de Bonilla
Alternate Governor
Sergio Recinos
Temporary Alternate Governor
Jose Ricardo Barrientos
Advisor
Eduardo Garrido
Johny Rubelcy Gramajo Marroquin
Ivar Romero
Guinea
Governor
Ousmane Dore
Alternate Governor
Daouda Bangoura
Advisor
Madikaba Camara
Bintou Conde
Alpha Oumar Diakite
Abdoulaye Diallo
Kalidou Diallo
Mohamed Diare
Fatoumata Diop
Mory K. Kaba
Abraham Richard Kamano
Saoudatou Sow
Facinet Sylla
Sekou Traore
Guinea-Bissau
Governor
Issufo Sanha
Alternate Governor
Joao Aladje Mamadu Fadia
Advisor
Vasco Da Silva
Gabriela A. Fernandes GOMES
Romao Lopes Varela, Jr.
Marcellino Vaz
Guyana
Governor
Ashni Singh
Alternate Governor
Lawrence T. Williams
Haiti
Governor
Charles Castel
Temporary Alternate Governor
Fritz Duroseau
Advisor
Ketleen Florestal
Ronald Gabriel
Edwige Jean
Raymond Alcide Joseph
Romel Troissou
Honduras
Governor
Edwin Araque Bonilla
Alternate Governor
Belinda de Martinez
Advisor
Carlos Avila
Guillermo Bueso
Karla Enamorado
Orlando Garner
Erica Narvaez
Roque Rivera
Manuel Rodriguez
Hungary
Alternate Governor
Almos Kovacs
Temporary Alternate Governor
Julia Kiraly
Advisor
Istvan Abel
Laszlo Buzas
Agnes Ilsinszki
Gyorgy Kopits
Iceland
Governor
Arni M. Mathiesen
Temporary Alternate Governor
Lilja Dogg Alfredsdottir
Advisor
Sigrun Olafsdottir
Bjoern Gunnar Olafsson
Sigmundur Sigurgeirsson
Thorsteinn Thorgeirsson
India
Alternate Governor
Duvvuri Subbarao
Temporary Alternate Governor
Adarsh Kishore
Madhusudan Prasad Arvind Virmani
Advisor
Bhupinder Singh Bhalla
Subrahmanyam Bhamidipati
Navin Kumar Choudhary
Krishnamurti Damodaran
Raminder Jassal
Saranyan Krishnan
Rakesh Mohan
Deepak Mohanty
Maddirala Nagaraju
Vishal Nair
R.K. Pattnaik
Partha Ray
Ranendra SEN
Vediappa Senthil
Shyamala Shukla
Jawed Usmani
Indonesia
Governor
Boediono.
Alternate Governor
Rahmat Waluyanto
Advisor
Juda Agung
Aida Budiman
Lucky Fathul Hadibrata
Erwin Haryono
Peter Jacobs
Dicky Kartikoyono
Sudjadnan Parnohadiningrat
Hartadi A. Sarwono
Shinta Respati Indianingrum
Sokero
Perry Warjiyo
Dwi Mukti Wibowo
Islamic Republic of Iran
Governor
Reza RAEI
Alternate Governor
Tahmaseb Mazaheri-Khorzani
Advisor
MohammadHossein Ghassemi
Jafar Mojarrad
Seyed Assadollah Monajemi
Hefzollah Soltanmohammadi
Iraq
Governor
Sinan Al-Shabibi
Alternate Governor
Azez Jafar Hassan
Advisor
Kadhim Al-Eyd
Ban Jamal Fatoohi
Ahmed Ibraihi
Mudhir Mohammed Salih Kasim
Ireland
Governor
Martin Mansergh
Temporary Alternate Governor
Thomas Anthony Grimes
Carmel Keane
Marianne Nolan
Stephen O’Sullivan
Michael J. Somers
Advisor
Michael Collins
Adrian J. Kearns
Suzanne Mitchell
Thomas Whelan
Israel
Alternate Governor
Zvi Eckstein
Temporary Alternate Governor
Karnit Flug
Advisor
Ran Alon
Zvi Chalamish
Yoav Friedmann
Jerome Netter
Rivka Talmor
Asaf Vitman
Italy
Governor
Giulio Tremonti
Temporary Alternate Governor
Ignazio Visco
Advisor
Paola Ansuini
Carlo Baldocci
Stefano Beltrame
Perluigi Bologna
Dante Brandi
Maria Cannata
Sebastiano Cardi
Giovanni Castellaneta
Giuseppe Cipollone
Valerio Crispolti
Luigi Di Santo
Giannandrea Falchi
Luca Ferrari
Francesco Galietti
Giorgio Gomel
Vittorio Grilli
Giorgio Leccesi
Silvia Limoncini
Giandomenico Magliano
Francesca Manno
Marco Martella
Massimiliano Mazzanti
Edoardo Pucci
Arrigo Sadun
Francesco Spadafora
Basilio Antonio Toth
Francesca Valeri
Carlo Villanacci
Vincenzo Zezza
Jamaica
Governor
Audley Shaw
Temporary Alternate Governor
Donald George Wehby
Advisor
Richard Bernal
Sharon A. Crooks
Franz Hall
Anthony Johnson
Sharon Miller
Murna Morgan
Darlene Marie Morrison
John Robinson
Robert Stennett
Japan
Governor
H.E. Shoichi Nakagawa
Alternate Governor
Masaaki Shirakawa
Temporary Alternate Governor
Mitsuhiro Furusawa
Akinari Horii
Daisuke Kotegawa
Daikichi Momma
Takehiko Nakao
Toru Shikibu
Naoyuki Shinohara
Masato Watanabe
Advisor
Yuichi Adachi
Shuhei Aoki
Toshinori Doi
Daiho Fujii
Koki Harada
Hajime Hayashi
Naoki Hikota
Satoshi Ikeda
Yoichiro Ikeda
Nobuyuki Imamura
Akihiro Ino
Takamitsu Ishii
Tetsuro Ito
Takeshi Kato
Daisaku Kihara
Michihiro Kishimoto
Takayuki Kobayashi
Susumu Matsumoto
Ken Matsushita
Takashi Miura
Naruki Mori
Tokio Morita
Takaaki Nomoto
Takuya Nomura
Risa Ohkawa
Kenji Okamura
Shinsuke Okawa
Yoshihito Saito
Wataru Sakata
Rie Shimizu
Hitoshi Shimura
Yoko Shinagawa
Yoshihiro Sugimoto
Kenji Suwazono
Shinji Suzuki
Atsushi Tajima
Hiroshi Takami
Yasuo Takamura
Rintaro Tamaki
Masaru Tanaka
Aiko Toyama
Akihiro Tsuchiya
Yasusuke Tsukagoshi
Atsushi Uchida
Koji Uemura
Motofumi Umemura
Aiichiro Yamamoto
Takashi Yamamoto
Hiromi Yamaoka
Tatsuo Yamasaki
Akihiko Yoshida
Tomoyuki Yoshida
Jordan
Alternate Governor
Umayya Toukan
Advisor
Zaid Raad Al-Hussein
Kholod Saqqaf
Sami Abdallah Toghoz
Essa Saleh Yasein
Kazakhstan
Temporary Alternate Governor
Daniyar Akishev
Advisor
Arken Arystanov
Elena Bakhmutova
Erbol Bekmurza
Dastan Eleukenov
Olzhas Issabekov
Anuar Kurzhikayev
Aigul Moldabekova
Galymzhan Nurmagambetov
Anar M. Omarova
Daulet Orynbayev
Daulet Sovetovich Saudabayev
Kenya
Governor
Njuguna Ndung’U
Alternate Governor
Nicholas Arap Korir
Advisor
Florence Abonyo Galma M. Boru
Christopher Wachira Gacicio
Peter Gakunu
Rachel Kemunto Gesami
Philip Kituti Kaloki
John Kamau
James Mwangi Kiiru
Jackson Kinyanjui
Peter Macharia
Washington Jakoyo Midiwo
John Muya
Beatrice Ngoe
Justus Nyamunga
H.E. Peter N.R.O. Ogego
Chrysanthus Barnabas Okemo
Raphael Owino Otieno
Seif Suleiman
Kiribati
Governor
Natan Teewe
Alternate Governor
Terieta Mwemwenikeaki
Republic of Korea
Governor
Man Soo Kang
Alternate Governor
Seongtae Lee
Temporary Alternate Governor
Je-Yoon Shin
Advisor
Dongkoo Chang
Taek-Kyu Chang
Jae Hoon Choi
Jae-Hyuk Choi
Sang Mok Choi
So Young Choi
Namki Hong
Byoungha Hwang
Han Chul Jang
Beomseok Kim
Kyu Ok Kim
Myung Kee Kim
Seung Tae Kim
Donghun Lee
Jeong Wook Lee
Kangone Lee
Seong-Yeon Lee
Suk Kwon Na
Eun-Suk Park
Hyun-Woo Park
Wonshik Park
Jin Hong Rim
Sangpyo Suh
Keun Man Yook
Jong-Won Yoon
Tae Sik Yoon
Kyong Hwa Yu
Kuwait
Governor
Bader Mohamed Al-Saad
Advisor
Sami Husain Al Anbaee
Kyrgyz Republic
Governor
Marat O. Alapaev
Temporary Alternate Governor
Gulmira Shakirova
Advisor
Sadriddin Djienbekov
Zamira Sydykova
Lao People’s Democratic Republic
Governor
Somphao Phaysith
Alternate Governor
Panom Lathouly
Advisor
Soulysak Thamnuvong
Latvia
Governor
Ilmars Rimsevics
Alternate Governor
Martins Bicevskis
Advisor
Kaspars Abolins
Martins Bitans
Inguna Gulbe
Edmunds Krastins
Juris Kravalis
Irena Krumane
Andris Ruselis
Raivo Vanags
Inta Vasaraudze
Lebanon
Governor
Riad Toufic Salameh
Advisor
Majida Abdul Khalek
Raja Abou Asli
Faysal Abou Zaki
Francois Semaan Bassil
Hazar Caracalla
Mohamad Cheaib
Maya Samir Choueiri
Raya El-Hassan
Samir Fouad El-Khouri
Sami Haddad
Marianne Houwayek
Anwar Ali Jammal
Shadi Karam
Adnan Kassar
Khaled Kassar
Sami Sfeir
Lesotho
Governor
Timothy T. Thahane
Alternate Governor
Moeketsi Senaoana
Advisor
Mosito Nicholas Khethisa
Nthoateng Cecilia Lebona
Leonia ‘Moi Lephoto
Manong Lesoma
Habofande Augustinus Makopela
Malcolm Murray
H.E. David Mohlomi Rantekoa
Monaheng Seleteng
Moepi Sematlane
Liberia
Governor
Augustine Kpehe Ngafuan
Alternate Governor
J. Mills Jones
Advisor
Natty B. Davis
Charles Sirleaf
Boimah Taylor
Dabah Varpilah
Socialist People’s Libyan Arab Jamahiriya
Alternate Governor
Abdallah Ali Khalifa
Advisor
Nagia Meftah BOUAZZI
Abdullatif Abdulhafiz El-Kib
Abubaker Mahmoud Elmeddehem
Abdulfatah Sghayer Ghaffar
Mohammed Layas
Lithuania
Governor
Reinoldijus Sarkinas
Alternate Governor
Rolandas Krisciunas
Advisor
Darius Abazorius
Jurgita Kazlauskaite
Justas Minkevicius
Audrius Zelionis
Luxembourg
Governor
Jean-Claude Juncker
Alternate Governor
Yves Mersch
Advisor
Marc Bichler
Jerome Hamilius
Georges Heinrich
Serge Kolb
Patrick Marquart
Miguel Marques-Gomes
Dirk Mevis
Guy Schuller
Jean-Louis Siweck
Sandra Thein
Former Yugoslav Republic of Macedonia
Governor
Zoran Stavreski
Alternate Governor
Emilija Nacevska
Advisor
Anita Angelovska Bezoska
Jasminia Cvetanoska
Arlinda Idrizi
Nadica Kostoska
Aneta Krstevska
Natasa Stojmanovska
Goran Trajkovski
Madagascar
Governor
Haja Nirina Razafinjatovo
Alternate Governor
Frederick Rasamoely
Advisor
Honore Randrianarison
Sylvia Monique Rasoarilala
Christian Guy Dettriga
Rasolomanana
Malawi
Governor
Victor Mbewe
Alternate Governor
Randson Phillimon Mwadiwa
Advisor
Wilson Toninga Banda
Singano Dalitso Kabambe
Jane Kambalame
Perks Master Ligoya
Rhino Mchenga
Kenna Mphonda
Hawa Olga Ndilowe
Elias E. Ngalande
Levie Jeremiah Sat
Rabson Shaba
Ted Sitima-wina
Malaysia
Governor
Wan Abdul Aziz Wan Abdullah
Alternate Governor
Zeti Akhtar Aziz
Advisor
Suhaimi Ali
Ismail Bin Alowi
Adnan Zaylani Mohd Zahid
Narayanan Raman
Wan Mohd Nazri Wan Osman
Maldives
Governor
Abdulla Jihad
Alternate Governor
Abdul Hameed Mohamed
Mali
Governor
Abou-Bakar Traore
Alternate Governor
Sidi Almoctar Oumar BA
Advisor
Abdoulaye Daffe
Abdoulaye Diop
Mariam Konate
Assitan Kouyate
Mohamed Ouzouna Maiga
Abdoulaye Toure
Aboubacar Alhousseyni Toure
Hawaye Toure
Idrissa Traore
Boubacar Sidiki Walbani
Malta
Governor
Michael C. Bonello
Temporary Alternate Governor
Alfred DeMarco
Advisor
Lino Briguglio
Mark Miceli
Marshall Islands
Governor
Jefferson Barton
Alternate Governor
Jemi Nashion
Mauritius
Governor
Radhakrishna Chellapermal
Alternate Governor
Rundheersing Bheenick
Advisor
Dhanandjay Goboodun
Denise Chin Ying Lan Hing Po
Joyker Nayeck
Gowreesangkharsing Rajpati
Keerteecoomar Ruhee
Mexico
Governor
Guillermo Ortiz
Alternate Governor
Miguel Messmacher
Temporary Alternate Governor
Alfonso Humberto Guerra de Luna
Advisor
Guillermo Babatz Torres
Jose Martin Garcia
Javier Guzman Calafell
Luis Jimenez
Roberto Marino
Antonio Ortiz Mena
Federated States of Micronesia
Governor
Finley S. Perman
Alternate Governor
Evelyn Adolph
Moldova
Governor
Leonid Talmaci
Temporary Alternate Governor
Victor Cibotaru
Advisor
Nicolae Chirtoaca
Mongolia
Governor
Batsaikhan Namkhai
Alternate Governor
Oyunchimeg Orosoo
Advisor
Ochirbat Batsaikhan
Davaasuren Damdinsuren
Nyamaa Tumenbayar
Montenegro
Governor
Ljubisa Krgovic
Alternate Governor
Nikola Fabris
Advisor
Svetlana Cerovic
Dusan Perovic
Ivan Petrovic
Gordana Radevic
Radica Zekovic
Zarko Zivkovic
Morocco
Governor
Abdellatif Jouahri
Temporary Alternate Governor
Karim El Aynaoui
Advisor
El Hadi Chaibainou
Mohammed Dairi
Anis El Youssoufi
Khalid Guelzim
Abdelali Jbili
Aziz Mekouar
Mounir Razki
Mozambique
Governor
Manuel Chang
Alternate Governor
Antonio Fernando Laice
Advisor
Antonio Pinto de Abreu
Armando A. Panguene
Luis Sitoe
Jose Alves Amad Sulemane
Myanmar
Governor
Than Nyein
Alternate Governor
Daw Ommar Sein
Namibia
Governor
Saara Kuugongelwa-Amadhila
Alternate Governor
Thomas K. Alweendo
Advisor
Patrick Nandago
Cecilia Ndishishi
Ngurimuye Ebson Uanguta
Nepal
Governor
Krishna Bahadur Manandhar
Alternate Governor
Krishna Gyawali
Advisor
Suresh Chandra Chalise
Sushil R. Mathema
Trilochan Pangeni
The Netherlands
Governor
A.H.E.M. Wellink
Alternate Governor
R. Gerritse
Temporary Alternate Governor
Age F.P. Bakker
Aerdt C.F.J. Houben
Rudolf Treffers
Martinus Verwey
Advisor
Joost Yvo Baeten
Geert Beekhuis
Hendriene Bolhaar
Carla Bundy
Victor Cramer
Ersilia deLannooy
Wouter Elsenburg
Jerrald M. Hasselmeyer
Jose Jardim
Renee Jones-Bos
Freek Keppels
Herman Lutke Schipholt
Elise Raap
Wouter Schilperoort
Jane Semeleer
Emsley D. Tromp
Gerard van der Wulp
Norberto Vieira-Ribeiro
Michael Willem
New Zealand
Governor
Grant H. Spencer
Alternate Governor
Colin Hall
Advisor
Yuong Thanh Ha
Rebekah Mawson
Nicaragua
Governor
Maria Esperanza Acevedo
Alternate Governor
Jose Rojas
Advisor
Nina Maria Conrado Cabrera
Manuel Coronel
Carlos Sequeira
Niger
Governor
Ali M. Lamine Zeine
Alternate Governor
Saadou Bakoye
Advisor
D. Maiga Toure
Nigeria
Governor
Chukwuma C. Soludo
Alternate Governor
Ibrahim Hassan Dankwambo
Temporary Alternate Governor
Sarah Alade
S.O. Monye
Bright Erakpoweri Okogu
Advisor
Aliyu Ahmed
Moses Ajayi
Yakubu Aminu Bello
Godson E. Dinneya
Christopher Osiomha Itsede
Babatunde F. Lawal
Magaji Babura Mahmoud
Baba Y. Musa
Peter J. Obaseki
Dominic Obiekie
Fidel Ogar Odey
Isaac Okoroafor
Ugochukwu Okoroafor
B.O. Opadeji
Hamza Tahir
Godwill Efiong Ukpong
Norway
Temporary Alternate Governor
Audun Groenn
Halvor Hvideberg
Jan Qvigstad
Martin Skancke
Advisor
Jarle Bergo
Bente Stoholen
Anders Svor
Oman
Governor
Ali Mohamed Al Mousa
Alternate Governor
Hamood Sangour Al-Zadjali
Advisor
Jawad Mohammed Jawad Al-Talib
Pakistan
Governor
Shamshad Akhtar
Alternate Governor
Waqar Masood Khan
Advisor
Ehtisham Ahmad Azizali
F. Mohammed
Palau
Governor
Marino Rechesengel
Alternate Governor
Sally Techitong-Soalablai
Panama
Governor
Juan R. de Dianous
Alternate Governor
Hernan Arboleda
Advisor
Alfredo Nicolas Macia Almeida
Jorge Mateo Milwood
Beatriz Ordas de Rodriguez
Papua New Guinea
Governor
Leonard Wilson Kamit
Alternate Governor
Rosamund Wesley
Advisor
Ivan Pomaleu
John Tuaim
Paraguay
Governor
Jorge Corvalan
Temporary Alternate Governor
Carlino Samuel Velazquez
Martinez
Advisor
Jose H. Maciel
Julio Taboada
Peru
Governor
Julio Velarde
Temporary Alternate Governor
Renzo G. Rossini
Advisor
Javier Alfonso Luque Gianella
Javier Silva Ruete
Philippines
Governor
Amando M. Tetangco, Jr.
Alternate Governor
Roberto Tan
Temporary Alternate Governor
Rolando Andaya
Ralph G. Recto
Advisor
Edgardo J. Angara
Alfredo C. Antonio
Ricardo Balbido, Jr.
Jimmy Blas
Leonilo G. Coronel
Rey Anthony David
Ejercito Estrada
Willy Calaud Gaa
Jesus Jacinto
Jose Edgar Ledonio
Cecilia de Jesus Lee
Jaime Lopez
Wilhelmina Cruz Manalac
Hermilando Mandanas
Thomas Marcelo
Aurelio Montinola, III
Angelito Nayan
Erika Pulido
Carlos Sorreta
Edna Villa
Poland
Temporary Alternate Governor
Michal Baj
Elzbieta Chojna-Duch
Advisor
Pawel Jerzy Gasiorowski
Dorota Korobiejnikow
Robert Kupiecki
Ludomir Lasocki
Anna Suszynska
Damian Szostek
Remigiusz Urbanowski
Portugal
Governor
Paulo Ernesto Carvalho Amorim
Alternate Governor
Rui Manuel Carvalho
Temporary Alternate Governor
Nuno Mota Pinto
Advisor
Jose Pedro Viegas Cardoso
Maria Jose Vidal
Qatar
Governor
Abdullah Bin Soud Al-Thani
Alternate Governor
Abdulrahman Al-Thani
Advisor
Ahmad Ali Ahmad
Ismail Omar Aldafa
Ali Shareef Al Emadi
Ahmad Mohd Al-Sayed
Mejeb Turki Al-Turki
Rifaat K. Basanti
Romania
Temporary Alternate Governor
Stefan Nanu
Advisor
Lucian Croitoru
Valentin Lazea
Adriana D. Marinescu
Dragos-Valeri Negrescu
Eugen T. Radulescu
Mihai Nicolae Tanasescu
Russian Federation
Governor
Aleksei Kudrin
Alternate Governor
Sergey Ignatiev
Temporary Alternate Governor
Aleksei V. Mozhin
Dmitry Pankin
Advisor
Yulia Anikeeva
Andrei Bokarev
Andrei Bugrov
Vladimir Dashko
Timur Eyvazov
Aleksei Fokin
Aleksander Gorban
German O. Gref
Nikolai Griko
Vadim Grishin
Nadezda Ivanova
Vladimir Khrebtov
Sergey Kislyak
Mikhail Korobkin
Andrei Kostin
Pavel Kuznetsov
Dmitry Kvitko
Andrei Lushin
Andrey Matveev
Sergei Nosachev
Lev Valentinovich Palei
Andrei Serebriakov
Oksana Sergienko
Anna Shabunina
Andrey Shinaev
Vasiliy Titov
Anton Tolstikov
Lidia Nikolaevna Troshina
Yulia Ustyugova
Rwanda
Alternate Governor
Francois Kanimba
Advisor
George Katureebe
James Kimonyo
Christian Shingiro
St. Kitts and Nevis
Governor
Timothy Harris
Alternate Governor
Laurie Lawrence
Advisor
Izben Williams
St. Lucia
Alternate Governor
Garth P. Nicholls
Advisor
Clenie Greer-Lacascade
Michael Louis
St. Vincent and the Grenadines
Alternate Governor
K. Dwight Venner
Samoa
Governor
Nickel Lee Hang
Alternate Governor
Papali’i Tommy Scanlan
San Marino
Governor
Pietro Giacomini
Temporary Alternate Governor
Stefano Caringi
Sao Tome and Principe
Governor
Luis Fernando Moreira de Sousa
Alternate Governor
Edite Diogo Afonso Soares
Advisor
Susan Jayne Akroyd
Juan Carlos Vilanova Pardo
Ovidio Pequeno
Saudi Arabia
Governor
Ibrahim A. Al-Assaf
Alternate Governor
Hamad Al-Sayari
Temporary Alternate Governor
Abdallah S.M. Alazzaz
Advisor
Ahmed Al-Balawie
Hamad Al-Bazai
Khaled M. A. Al-Fayez
Suliman Al-Gwaiz
Abdulrahman Al-Hamidy
Abdullah I. Al-Hudaithi
Abdullatif H. Al-Jaber
Fahad Aljuwaidi
Mubarak Al-Khafra
Abdulhamid Al-Khalifa
Ahmed Al-Kholifey
Abdulrahman M. Al-Kudsi
Taha A. Al Kuwaiz
Majid Al-Moneef
Ahmed A. Al Nassar
Saad Mohammed A. Al Nefaee
Saeed Al-Qahtani
Rashed Abdulaziz Al-Rashed
Mansour Al-Saawi
Jammaz Al-Suhaimi
Sulaiman M. Al-Turki
Sami Al-Yousef
Jitendra G. Borpujari
Sami Ben Daamech
Robert Eid
Said H. Hashim
Richard R. Herbert
Mary Karras
Subodh Kumar Keshava
Jean Marion
Melhem F. Melhem
Abdulaziz A. O’Hali
Hutham S. Olayan
Khaled Olayan
Lubna Olayan
Khalid Oudghiri
Aftab Qureshi
Senegal
Governor
Abdoulaye Diop
Advisor
Djibril Camara
Souleymane Diallo
Sogue Diarisso
Adama Diop
Gnoumka Toure DIOUF
Salem Merzoug
Fatoumata Binetou Ndao
Amadou Lamine Ndiaye
Diagna N’Diaye
Birame Sene
Aly SOW
Massar Wague
Serbia
Governor
Radovan Jelasic
Alternate Governor
Ana Gligorijevic
Advisor
Srboljub Antic
Vladislav Cvetkovic
Janko Guzijan
Predrag Kovacevic
Djerdj Matkovic
Olgica Obradovic
Slavica Radojevic
Seychelles
Governor
Danny Faure
Advisor
Caroline Marie Abel
Sierra Leone
Governor
David O. Carew
Alternate Governor
Samura Matthew Wilson Kamara
Temporary Alternate Governor
Alimamy Bangura
Advisor
Abu Bangura
Osman Bangura
Ibrahim Sorie Conteh
Matthew Dingie
Samuel P.O. Itam
Sahr Lahai Jusu
Joseph Tekman Kanu
James Sanpha Koroma
Sheku Mesali
Winston Newman Samuels
Allieu Sesay
Singapore
Advisor
Alphonsus Chung Mun Chia
Han Wen Alvin Eng
Kah Chong Benny Lee
Anna Lisan Ng
Yoke Wang Tok
Nai Seng Wong
Slovak Republic
Governor
Ivan Sramko
Alternate Governor
Michal Horvath
Advisor
Andrej Droba
Marek Jakoby
Martin Kaco
Jana Kovacova
Mario Vircik
Slovenia
Governor
Marko Kranjec
Alternate Governor
Bozo Jasovic
Solomon Islands
Governor
Denton Rarawa
Alternate Governor
McKinnie Dentana
Advisor
Michael Gladstone Brown
Raynold Micah Moveni
South Africa
Governor
Tito Titus Mboweni
Alternate Governor
Jabulani Phillip Moleketi
Advisor
Goolam Aboobaker
Analisa Bala
Lungisa Fuzile
Marlon Geswint
Samantha Henkeman
Reginald Dumisa Jele
Christopher Loewald
Jason Milton
Aaron Daniel Mminele
Monde Mnyande
Renosi Mokate
Ismail Momoniat
Kurt Joseph Morais
Nhlanhla Nene
Andre Frank Pillay
Cleo Rose-Innes
Michael Sachs
Gerrit van Schalkwyk
Spain
Governor
Pedro Solbes M.
Alternate Governor
Miguel Fernandez Ordonez
Advisor
Mario Delgado
Jorge Dezcallar
Maria Jesus Fernandez
Ramon Guzman Zapater
Pilar L. Hotellerie-Fallois
Maria Jesus Luengo Martin
Luis Marti
Juan Francisco Martinez Garcia
Miguel A. Martinez Rolland
Clara Mira
Pablo Moreno
Alberto Nadal
Soledad Nunez
Eva Valle Maestro
Jose Maria Vinals
Sri Lanka
Governor
Sarath Leelananda Bandara Amunugama
Temporary Alternate Governor
K.G.D.D. Dheerasinghe
Ranee Jayamaha
Rajapakse A. Jayatissa
Advisor
Puwakdandawe Weerasinghe
Sudan
Governor
Sabir Mohamed Hassan
Alternate Governor
Elfatih Mohamed Khalid Elbadri
Advisor
Nidal Salaheldin Abubakr Elnour
Fatahelrahman Ali
Hazim Abdelgadir Ahmed Babiker
Mutasim Yousif Elbadria Mohamed
Hussein Yahya Jangoul Elbasha
Nagmeldin Hassan Ibrahim
Omer El Faroug Sayed Kamil
Somia Amir Osman
Swaziland
Governor
Martin G. Dlamini
Advisor
Adelaide Sonile Gumbi
Ephraim Mandla Hlophe
Lindiwe Kunene
Khangeziwe Glory Mabuza
Ndumiso Comfort Mamba
Vincent Mawandile Mhlanga
Zwelethu Minsi
Patrick Ben Ndzinisa
Lonkhululeko Sibandze
Sweden
Governor
Stefan Ingves
Alternate Governor
Per Jansson
Temporary Alternate Governor
Bjorn Fritjofsson
Barbro Wickman Parak
Advisor
Ingemar Eriksson
David Farelius
Patrik Granstrom
Mattias Hector
Jens Olof Henriksson
Bo Lundgren
Maria Norstrom
Susanna von Post
Switzerland
Governor
Jean-Pierre Roth
Temporary Alternate Governor
Roberto F. Cippa
Alexander Karrer
Ulrich Kohli
Thomas Moser
Advisor
Emilija Georgieva
Henri Getaz
Werner Hermann
Paul Inderbinen
Hanns Gero Juergen Jung
Manuel Sager
Stephan Schmid
Darlena Tartari Schwegler
Rene Weber
Werner Weber
Markus Zimmerli
Urs Ziswiler
Syrian Arab Republic
Alternate Governor
Adib Mayaleh
Tajikistan
Governor
Sharif Rahimzoda
Alternate Governor
Matlubkhon Davlatov
Advisor
Abdujabbor Shirinov
Zavkidjon Zavkiev
Tanzania
Alternate Governor
Benno J. Ndulu
Advisor
Enos Steven Bukuku
Peter Lwali Kadesha
John Benti Kimaro
Harry Msamire Kitilya
Ngosha Said Magonya
Joseph Leina Masawe
Babu Ndeyanka Msami
Mwanaid Athumani Mtanda
Msafiri David Nampesya
Ahmed Amani Ndyeshobola
Johnson Jossia Nyella
Allan Abraham Tuni
Thailand
Governor
Tarisa Watanagase
Alternate Governor
Atchana Waiquamdee
Advisor
Somruedee Rungsiyaphornratana
Chantavarn Sucharitakul
Vachira Arromdee
Timor-Leste
Governor
Nikunj Soni
Alternate Governor
Abraao de Vasconcelos
Advisor
Joao Mariano Saldanha
Togo
Governor
Adji Oteth Ayassor
Alternate Governor
Mongo Aharh-Kpessou
Advisor
Francis Dogo
Tonga
Governor
’Otenifi Afu’alo Matoto
Temporary Alternate Governor
Pilimilose Balwyn Faotusia
Advisor
Ana Puli Matoto
Trinidad and Tobago
Governor
Ewart S. Williams
Alternate Governor
Vishnu Dhanpaul
Advisor
Penelope Forde
Anne Joseph
Tunisia
Governor
Taoufik Baccar
Temporary Alternate Governor
Abdelmalek Saadaoui
Advisor
Brahim Hajji
Sadok Rouai
Mohamed El Saleh Souilem
Turkey
Governor
Mehmet Simsek
Alternate Governor
Durmus Yilmaz
Advisor
Serkan Ata
Birol Aydemir
Besir Baymaz
Ozgur Demirkol
Omer Karademir
Suleyman Semdinoglu
Sibel Tokgoz
Turkmenistan
Alternate Governor
Dovletgeldi Sadykov
Advisor
Sapargeldy Annarejepov
Dovran Muradnazarov
Mered Bairamovich Orazov
Uganda
Governor
E. Tumusiime-Mutebile
Alternate Governor
Katekyeza L. Kiiza
Advisor
Perezi Kamunanwire
David Kihangire
Fred Muhumuza
Polycarp Musinguzi
George Ndyamuba
Charles Ssentongo
Ukraine
Temporary Alternate Governor
Oleksander Savchenko
Advisor
Volodymyr Fedorchuk
Viktor Kapustin
Sergiy Kruglyk
Volodymyr Kuchyn
Oleksandr Kupchyshyn
Volodymyr Lytvyn
Hennadii Nadolenko
Viktor Nikitiuk
Oleksandr Pinskyi
Olena Scherbakova
H.E Oleh Shamshur
Mykola Udovychenko
Yuriy G. Yakusha
Ihor Zhovkva
United Arab Emirates
Governor
Sultan Bin Nasser Al-Suwaidi
Alternate Governor
Khalid Ali Al-Bustani
Advisor
Hamed Nasser Abdelqader
Marwan Abedin
Abdulrahim M. Al-Awadi
Abdulla Al Awar
Fatema Khamis Al Mazrouei
Ahmed Al Qamzi
Abdulla Al-saboosi
Nasser Al Shaali
Majed Saif Al Shamsi
Saif H. Al-Shamsi
Hamad Al Hurr Al Suwaidi
Mohammed Saif G.S. Al-Suwaidi
Hamad Essa Al Zaabi
Bob Clarke
David Eldon
Euart Arthur Pierre Glendinning
Dana Kadrie
Habib Abdulnabi Kazim
Dalia Lahham
Abdulla Mohamed Saleh
Chirag Shah
James Andrew Spindler
United Kingdom
Governor
Alistair Darling
Alternate Governor
Mervyn King
Temporary Alternate Governor
Charlie Bean
Richard Davies
Georgie Drummond
Phil Evans
Stephen Field
Josh Fleming
Alexander Gibbs
Robert Murray Hills
Nicholas B. Joicey
Catherine Macleod
Stephen John Pickford
Hannah Elizabeth Robinson
Daniel Rosenfield
Jenny Scott
James Ian Talbot
Thomas Joseph Thornton
Lindsey Jennifer Whyte
Advisor
Thomas Barry
Jenny Lilian Bates
Niamh Mulholland
Paul Radford
Efren Sabillo
Thomas Whinfield Scholar
Bindhi Shah
Tamarah Shakir
Nigel Sheinwald
Matt Smith
Adair Turner
Paul Wright
United States
Governor
Henry M. Paulson, Jr.
Alternate Governor
Ben S. Bernanke
Temporary Alternate Governor
Thomas A. Connors
Daniel Heath
Michael Kaplan
Neel Kashkari
Robert Kimmitt
Donald L. Kohn
Randall S. Kroszner
Clay Lowery
Meg Lundsager
David McCormick
D. Nathan Sheets
Mark Sobel
Advisor
Rawan Abdelrazek
Stephanie Ahern
Jeffrey Baker
Susan Baker
Bryan Balin
Andrew Baukol
Elizabeth Berry
Seth Howard Bleiweis
Jonathan Bloom
Virginia Brandon
Stacy Carlson
Carol Carnes
Terrence J. Checki
Susan M. Chun
Deborah M. Crane
Benjamin Jared Cushman
Nova Daly
Michele Davis
Robert Dohner
Jaroslav I. Dutkewych
William Foster
Kenton Fox
Jamie Franco
Timothy Franz Geithner
Timothy Goode
Michael Grifferty
Kristopher Haag
Mathew P. Haarsager
Richard Hall
Jane T. Haltmaier
Maureen Harrington
Michael Heath
John Hewko
Leslie Hull
Anthony Ieronimo
Rachel Jarpe
Anna Jewell
David Kavanaugh
Nasir Khilji
Lukas Pender Kohler
Judith S. Laufman
Stuart Levey
Stephen Fong-Ming Lin
William Lindquist
Darius Mans
W. Larry McDonald
Carrie McKellogg
Brookly Jean McLaughlin
Eric Meyer
Soniya Mitra
Matthew Mohlenkamp
Wilbur Monroe
Charles Moravec
Richard Morford
William C. Murden
Malachy Nugent
Patrick M. OBrien
Brian ONeill
Francisco J. Parodi
Parker M. Payne
Daniel Walter Peters
Traci Ann Phillips
Michael Pisa, III
William Pizer
Matthew Poggi
Frances Reid
Sonja V. Renander
Jonathan Rose
Michael Ruffner
Robert W. Saliterman
Stephanie Ellen Segal
Sara Senich
Everett S.P. Spain
Luyen Doan Tran
Matthew Turner
Beth Urbanas
James Wilkinson
Christopher Winship
Kevin G. Woelflein
Paul Rutland Wood
Tsung-Tao Yang
Uruguay
Governor
Ruben Walter Cancela Vilanova
Temporary Alternate Governor
Aureliano Berro
Advisor
Carlos Steneri
David Vogel Peliart
Uzbekistan
Governor
Saidakhmat Rakhimov
Alternate Governor
Ravshan Abdukarimov
Advisor
Azim Israilovich Akhmedkhadjaev
Bakhtier Ibragimov
Abdulaziz Kamilov
Vanuatu
Governor
Sela Molisa
Alternate Governor
Odo Tevi
Republica Bolivariana de Venezuela
Alternate Governor
Floria Caricote Lovera
Temporary Alternate Governor
Armando Leon
Jose Rivas
Advisor
Jaime Luis
Julio Cesar Pineda Figuera
Jose Alejandro Rojas Ramirez
Rubin J. Villavicencio
Vietnam
Governor
Nguyen Van Giau
Alternate Governor
Le Minh Hung
Temporary Alternate Governor
Phong Tien Pham
Advisor
Hong Lam Le
Cau Van Nguyen
Tuan Anh Tran
John Hing Vong
Republic of Yemen
Governor
Noman Taher Al-Suhaibi
Alternate Governor
Ahmed Abdul Rahman Al-Samawi
Advisor
Abdulwahab Al-Hajjri
Ibrahim Alnahari
Tarek Alsharafi
Omar Salim Bazara
Ahmed Ahmed Ghaleeb Saeed
Sami Sofan
Jala Omar Yaqoub
Zambia
Governor
Ng’andu Peter Magande
Alternate Governor
Caleb M. Fundanga
Advisor
Pamela Kasese Bwalya
Situmbeko Musokotwane
Nawa Musiwa Muyatwa
Inyambo Mwanawina
Kellyford Nkalamo
Observers, Representatives OF International Organizations, And Special Invitees
Abu Dhabi Fund for Development
Shabeeb Al Darmaki
African Development Bank Group
Donald Kaberuka
Mimi Alemayehou
Thierry de Longuemar
Augustin Flory
Abdulmajed Gadad
Patrick Claude Giraud
Louis A. Kasekende
Frederic Assomption Korsaga
Gantsho Mandla S.V.
Onike Nicol-Houra
Monojeet Pal
Alex Rugamba
Preeti Sinha
Peter Sinon
Graham Murray Stegmann
Timothy Turner
Tetsuya Utamura
Pierre Nicolas van Peteghem
Yogesh Vyas
Magatte Wade
Rolf B. Westling
Azagne George
African Export-Import Bank
Jean-Louis Ekra
Samuel Mugoya
Benedict O. Oramah
African Fund for Guarantee and Economic Cooperation
Magaye Gaye
Maman-Lawal Mossi Bagoudou
African Trade Insurance Agency
Peter M. Jones
Astere Girukwigomba
Israel Kamuzora
Omingo Magara
Cyprien Sakubu
African Union
Erastus J.O. Mwencha
Bankole Adeoye
Amina Salum Ali
Louise Bailey
Elham Mahmoud Ahmed Ibrahim
Julius Kagamba
Seraphine Manirambona
Richard M. Mkandawire
Golmame Tefera
Rhoda Tumusiime
Olukorede Willoughby
Moctar O.A. Yedaly
Andean Development Corporation
Enrique Garcia
Felix Bergel
Luis Miguel Castilla
Carolina Espana
Gabriel Felpeto
Alejandro Gumucio
Hugo Sarmiento
Arab Bank for Economic Development in Africa
Ebe Ould Ebe
Arab Fund for Economic and Social Development
Abdlatif Y. Al-Hamad
Husam Omar Khalil
Arab Monetary Fund
Jassim Abdulla Al-Mannai
Yisr Burnieh
Asian Development Bank
Haruhiko Kuroda
Shyam Bajpai
Indu Bhushan
Roger Burston
Seethapathy Chander
Thelma Diaz
Toshimasa Dojima
Katherine M. Ferrey
Charles Greenwood
Shuichi Hosoda
Mikio Kashiwagi
Masahiro Kawai
Maria Teresa Kho
Bindu N. Lohani
Dan Millison
Kazu Sakai
Naoki Sakai
Robert Schoellhammer
Woochong Um
Bank for International Settlements
Herve Hannoun
Gavin Bingham
Peter Dittus
Hermann Greve
Guenter Anton Pleines
Bruno Tissot
BIS-Financial Stability Forum
Svein Andresen
Patrizia Baudino
Marina Moretti
Black Sea Trade and Development Bank
Hayrettin Kaplan
Ersen Ekren
Andrei Kondakov
George Kottas
Caribbean Community
Edwin W. Carrington
Fay Ingrid Housty
Carl Greenidge
David F. Hales
Caribbean Development Bank
Compton Bourne
Patrick Desmond Brunton
Ian Durant
Carl Howell
Denny Lewis-Bynoe
Warren Smith
Tessa Williams-Robertson
Center for Latin American Monetary Studies
Kenneth G. Coates
Adriana Alverde
Corina Arteche
Luiz Barbosa
Jaime Osvaldo Coronado
Maria Luisa Gutierrez
Central African Economic and Monetary Community
Hassan Adoum Bakhit
Benoit Ketchekmen
Central African States Development Bank
Anicet G. Dologuele
Oscar Ngole
Central American Bank for Economic Integration
Nick Rischbieth
Hernan Danery Alvarado
Yu-Yuan Hou
Jose Felix Magana
Alejandro Jose Rodriguez Zamora
Central American Monetary Council
Alfredo Blanco
William Calvo V.
Common Fund for Commodities
Ali Mchumo
Javed Akhtar
Common Market for Eastern and Southern Africa
Sindiso Ngwenya
Tidenekialesh Asfaw
Alex Gitari Kwimenya
Michael Gondwe Carol Jilombo
Kombo James Moyana
Cris M. Muyunda
Commonwealth Secretariat
Indrajit Coomaraswamy
Vasantt Kumar Jogoo
Jonathan Ockenden
Constance Elizabeth Vigilance
Cooperation Council for the Arab States of the Gulf
Nasser Ibrahim Al-Kaud
Council of Europe Development Bank
Raphael Alomar
Jacques Mirante Pere
Thierry Poirel
Apolonio Ruiz Ligero
Luca Schio
Imre Tarafas
East African Development Bank
Godfrey B. Tumusiime
Mahesh K. Kotecha
Economic Community of West African States
Mohammed Ibn Chambas
Christian N. Adovelande
Lambert N’galadjo Bamba
Remi Gbaguidi
Comla Kadje
David Lansana Bockari Kamara
Nelson O. Magbagbeola
Mercedes Mensah
Mohamed Ben Omar Ndiaye
Ousseini Salifou
Thierno Bocar Tall
Economic Cooperation Organization
Murat Ulus
Omer Faruk Baykal
Nadeem Karamat
European Bank for Reconstruction and Development
Thomas Mirow
Alex Auboeck
Erik Berglof
Olivier Descamps
Johann Peter Art Lankes
Isabelle Laurent
Peter Reiniger
Manfred J. Schepers
Josue Tanaka
Nicholas Tesseyman
Axel Van Nederveen
Anthony Robert Williams
Marian Dalton
Julie Green
European Central Bank
Jean-Claude Trichet
Elisabeth Ardaillon-Poirier
Lorenzo Bini Smaghi
Ricardo Llaudes
Frank Moss
Lucas D. Papademos
Georges Pineau
Francisco Ramon-Ballester
Raymond Ritter
Regina Karoline Schueller
Juergen Stark
Joerg Stephan
Agnese de Leo
Michele Kirstetter
European Commission
Joaquin Almunia
Louis Michel
Moreno Bertoldi
Marco Buti
Elisabetta Capannelli
Antonio de Lecea
Servaas Deroose
Geraldine Dufort
Karin Gardes-Koutny
Peter Kerstens
Despina MANOS
Amy Medearis
Nigel Nagarajan
Angelos Pangratis
Bernard Petit
Maciej Popowski
Loukas Stemitsiotis
Mattias Sundholm
Heliodoro Temprano Arroyo
Gerassimos Thomas
Benedicte van den Berg
Vlassia Vassikeri
Luc Veron
Benjamin Pearson
European Investment Bank Group
Barbara Bargagli-Petrucci
Sophie Billon
Martin Curwen
Carlos da Silva Costa
Philippe de Fontaine Vive
Bertrand de Mazieres
Thomas Hackett
Plutarchos Sakellaris
Fiona Turner
Food and Agriculture Organization of the United Nations
Hafez M.H. Ghanem
Daniel J. Gustafson
Keith Wiebe
Inter-American Development Bank
Luis Alberto Moreno Mejia
Amal-Lee Amin
Edward Bartholomew
Hugo Eduardo Beteta Mendez-Ruiz
Otaviano Canuto
Susana Cardenas
Winston Cox
Soren Elbech
Luis Alberto Giorgio
Gerard S. Johnson
Robert Kaplan
Lori Kerr
Santiago Levy
Eduardo Lora
Angela Marcarino Paris
Hilen Meirovich
Santiago Pastrana
Steven Puig
German Quintana
Bruno Walter Coelho Saraiva
Hans Schulz
Desmond Thomas
Carla Tully
Daniel M. Zelikow
IADB-Inter-American Investment Corporation
Orlando Ferreira Caballero
Steven Reed
Carlos Roa
International Fund for Agricultural Development
Lennart Bage
Uday Abhyankar
Cheryl Morden
Thomas Pesek
Matthew Wyatt
Bonnie Lynn Harris
International Labour Organization
Juan Somavia
Marina Colby
Philippe Egger
Armand Pereira
Stephen Pursey
Islamic Development Bank
Rami Ahmad
Khaled M. Al-Aboodi
Ghassan Youssef Al-Baba
Abdul Aziz M. Zahir Al Hinai
Ghada Attieh
Aftab A. Cheema
Amadou Boubacar Cisse
Sirelkhatim Sidahmed
Musa Hassan Sillah
Nijad Subei
Sidi Mohamed Ould Taleb
Salah Ameur Jelassi
Islamic Financial Services Board
Rifaat Ahmed Abdel Karim
Farrah Mohamed Aris
Kosovo
Ahmet Shala
Gani Gerguri
Ilir Ibrahimi
Hajdar Korbi
Driton Qehaja
Arie Rabfogel
Hashim Rexhepi
Kuwait Fund for Arab Economic Development
Osama Alattal
Latin American Association of Development Financing Institutions
Rommel Acevedo
Ricardo Palma-Valderrama
Latin American Reserve Fund
Rodrigo Bolanos Zamora
Ana Maria Carrasquilla
Juan Carlos Alfaro
Iker Zubizarreta
League of Arab States
Ashraf Riad
Nordic Investment Bank
Johnny Akerholm
Lars Eibeholm
Nils Erik Emilsson
Jens Hellerup
Hilde Kjelsberg
Kari Kukka
Harro Pitkanen
Heidi Susanne Syrjanen
OPEC Fund for International Development
Suleiman Jasir Al-Herbish
Said Aissi
Fuad Albassam
Anajulia Taylhardat de Tarter
Helen Abu Jurji
Ranya Nehmeh
Organisation for Economic Cooperation and Development
Angel Gurria
Richard H. Carey
Carolyn Ervin
Susan Fridy
Stephen Paul Groff
Ian Hawkesworth
Brenda Killen
Jean-Marie LeGrand
Kaori Miyamoto
Gabriela Ramos
Holly Richards
Javier Santiso
Klaus Schmidt-Hebbel
Sandra Wilson
OECD-Development Assistance Committee
Eckhard Deutscher
James Michel
Jens Sedemund
Organization of American States
Victoria Abalo
Irene Klinger
Joaquin Salcedo
Organization of the Petroleum Exporting Countries
Mohammad Alipour-Jeddi
Pacific Islands Forum Secretariat
Sanjesh Naidu
P. L. O.
Jihad Al Wazir
Aziz Abu-Dagga
Samir Abdullah Ali
Mazen Saleem Jadallah
Mohammad Shtayyeh
Jamilah Shami
Southern African Development Community
Angelo Eduardo Mondlane
United Nations
Susan Bajardi
Suzanne Bishopric
Farooq Chowdhury
Hazem Fahmy
Manuel F. Montes
Daniel Platz
Frank Schroeder
David Smith
Jomo Kwame Sundaram
Richard Tyner
Rob Peter Vos
United Nations Children’s Fund
Bjorn Gillsater
United Nations Conference on Trade and Development
Heiner Flassbeck
United Nations Development Programme
Kemal Dervis
Paolo Galli
Magnus Magnusson
Ad Melkert
Rosemary Nuamah
Frederick S. Tipson
Marissa Ayento
United Nations Economic Commission for Africa
Abdoulie Janneh
Kasirim Nwuke
United Nations Economic Commission for Latin America and the Caribbean
Ines Bustillo
Helvia Velloso
United Nations Industrial Development Organization
H. Stephen Halloway
West African Development Bank
Abdoulaye Bio Tchane
Amadou Oumar Mballo
West African Economic and Monetary Union
Soumaila Cisse
Abdoulaye Diop
Eloge Houessou
Felix Bruno Kafando
West African Monetary Institute
Temitope Oshkioya
Emmanuel Terlumun Adamgbe
Turkey Planning Team 2009 Annual Meetings
Cavit Dagdas
Nurettin Akkaya
Mustafa Soner Aksu
Cemil Mehmet Arslan
Onur Ataoglu
Abdurrahman Atmaca
Nihal Aydogan
Senay Aydogan
Mevlut Bulut
Hasan Canpolat
Simge Colakoglu
Mehmet Comcuoglu
Yavuz Delice
Ebru Ejder
Ozkan Eker
Huseyin Eren
Caner Esentur
Levent Gulsoy
Hakan Gurgen
Aydin Haskebabci
Ilhan Kara
Dilek Karragac
Ayse Keten
Hatice Kokden
Ayhan Kurtoglu
Erol Kuzubasioglu
Didem Emine Mutlay
Ayhan Mutlu
Zeynep Okyay
Hatice Camay Ozalp
Ozgur Ozaslan
Ula Pacali
Saadettin Parmaksiz
Mesut Pektas
Mehmet Ali Saglam
Hasan Sahinkaya
Ercan Tanrisal
Levent Ulku
Mustafa Ustun
Feza Faruk Ustunkaya
Seray Yilmaz
Gullu Yilmazturk
Executive Directors, Alternates, and Advisors
Executive Director | Alternate Executive Directors | Advisors to Executive Directors |
---|---|---|
Abdallah S.M. Alazzaz | Ahmed A. Al Nassar | Melhem F. Melhem |
Age F.P. Bakker | Yuriy G. Yakusha | Nir Klein Wouter Schilperoort Mihai Nicolae Tanasescu |
Ambroise Fayolle | Michael Claveranne | Pierre-Francois Weber |
Peter Gakunu | Samuel P.O. Itam | Goolam Aboobaker Rachel Kemunto Gesami Polycarp Musinguzi Ahmed Amani Ndyeshobola Dieudonne Nintunze Godwill Efiong Ukpong |
Alex Gibbs | James Talbot | |
Huayong Ge | Jianxiong He | Fang Yang |
Jose Rojas | Ramon Guzmán | Julio Cesar Pineda Figuera |
Jens Olof Henriksson | Jarle Bergo | Darius Abazorius Gudrun Cecilia Roos Isaksson |
Michael Horgan | Stephen O’Sullivan | Paul Jenkins Murna Morgan Jean-Francois Perrault |
Willy Kiekens | Johann Prader | Istvan Abel Ozgur Demirkol Stanislav Polak |
Adarsh Kishore | K.G.D.D. Dheerasinghe | Ranjit Bannerji Deepak Mohanty |
Daisuke Kotegawa | Hiromi Yamaoka | Daisaku Kihara |
Richard Murray | Wilhelmina Mañalac | Jong-Won Yoon |
Meg Lundsager | Daniel Heath | Michael Kaplan |
Jafar Mojarrad | Mohammed Dairi | Seyed Assadollah Monajemi Sadok Rouai |
Thomas Moser | Srboljub Antic Rene Weber | |
Aleksei V. Mozhin | Andrei Lushin | Lev Valentinovich Palei Anton Tolstikov |
Paulo Nogueira Batista, Jr. | Maria Ines Agudelo | Anne Joseph Helio Mori |
Lauren W. Rutayisire | Kossi Assimaidou | Marcellin Koffi Alle Siradiou Bah Regis Olivier N’Sonde Eugene Nyambal Mohamed Ould Sidi Bouna Daouda Sembene Abdoulaye Tall |
Arrigo Sadun | Miranda Xafa | Guiseppe Cipollone Francesco Spadafora |
A. Shakour Shaalan | Samir Fouad El-Khouri | Karim Habib Nauphal |
Javier Silva-Ruete | Hector Torres | Jose H. Maciel Alvaro Andres Rojas Olmedo |
Klaus D. Stein | Stephan von Stenglin | Felix Stefan Haupt |
Perry Warjiyo | Chantavarn Sucharitakul | Narayanan Raman Yoke Wang Tok |
Executive Director | Alternate Executive Directors | Advisors to Executive Directors |
---|---|---|
Abdallah S.M. Alazzaz | Ahmed A. Al Nassar | Melhem F. Melhem |
Age F.P. Bakker | Yuriy G. Yakusha | Nir Klein Wouter Schilperoort Mihai Nicolae Tanasescu |
Ambroise Fayolle | Michael Claveranne | Pierre-Francois Weber |
Peter Gakunu | Samuel P.O. Itam | Goolam Aboobaker Rachel Kemunto Gesami Polycarp Musinguzi Ahmed Amani Ndyeshobola Dieudonne Nintunze Godwill Efiong Ukpong |
Alex Gibbs | James Talbot | |
Huayong Ge | Jianxiong He | Fang Yang |
Jose Rojas | Ramon Guzmán | Julio Cesar Pineda Figuera |
Jens Olof Henriksson | Jarle Bergo | Darius Abazorius Gudrun Cecilia Roos Isaksson |
Michael Horgan | Stephen O’Sullivan | Paul Jenkins Murna Morgan Jean-Francois Perrault |
Willy Kiekens | Johann Prader | Istvan Abel Ozgur Demirkol Stanislav Polak |
Adarsh Kishore | K.G.D.D. Dheerasinghe | Ranjit Bannerji Deepak Mohanty |
Daisuke Kotegawa | Hiromi Yamaoka | Daisaku Kihara |
Richard Murray | Wilhelmina Mañalac | Jong-Won Yoon |
Meg Lundsager | Daniel Heath | Michael Kaplan |
Jafar Mojarrad | Mohammed Dairi | Seyed Assadollah Monajemi Sadok Rouai |
Thomas Moser | Srboljub Antic Rene Weber | |
Aleksei V. Mozhin | Andrei Lushin | Lev Valentinovich Palei Anton Tolstikov |
Paulo Nogueira Batista, Jr. | Maria Ines Agudelo | Anne Joseph Helio Mori |
Lauren W. Rutayisire | Kossi Assimaidou | Marcellin Koffi Alle Siradiou Bah Regis Olivier N’Sonde Eugene Nyambal Mohamed Ould Sidi Bouna Daouda Sembene Abdoulaye Tall |
Arrigo Sadun | Miranda Xafa | Guiseppe Cipollone Francesco Spadafora |
A. Shakour Shaalan | Samir Fouad El-Khouri | Karim Habib Nauphal |
Javier Silva-Ruete | Hector Torres | Jose H. Maciel Alvaro Andres Rojas Olmedo |
Klaus D. Stein | Stephan von Stenglin | Felix Stefan Haupt |
Perry Warjiyo | Chantavarn Sucharitakul | Narayanan Raman Yoke Wang Tok |