wpu.rpimf92.24
Brief No 4
HER MAJESTY'S TREASURY
1992 IMF/IERD SPRING INTERIM/DEVELOPMENT COMMITTEE MEETINGS
HONG KONG'S OFFER TO HOST THE 1997
IMF/IBRD ANNUAL MEETINGS
Line to Take (to be raised in bilateral discussions)
1.
Support strongly the suggestion that Hong Kong should host the 1997 Annual
Meetings. The Chinese and Hong Kong governments also support this suggestion.
It is clearly important that the Hong Kong authorities consider carefully both the feasibility of holding the conference and the potential costs, before putting
in a firm bid. Hope that other members will
support Hong Kong if formal
proposal is made, as we expect.
conference facilities,
2. Hong Kong has excellent
and their adequacy for.
hosting the Annual Meetings has already been confirmed by an informal joint Fund
and World Bank technical mission.
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3.
Holding the Annual Meetings in
in Hong Kong shortly after the reversion of
sovereignty to China should help reinforce the confidence that is needed to
maintain Hong Kong's position as an international financial centre. [To be used discretely wish G7/EC delegates:
also the prospect of the occasion could
encourage the Chinese to behave with discretion during the critical months just before and just after the change-over.]
4. [If pressed]: Believe that the Berlin meetings, where the Mayor of Berlin
took the lead as host, provide a useful precedent for the precise form that the Hong Kong meetings could take.
Background
5. The Annual Meetings are held outside Washington once every three years. The
Meetings will be in Madrid, and the 1997 Annual Meetings would be
1994
Annual
expected to be held in Asia,
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