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TUESDAY, AUGUST 23, 1994
WORLD BANK AND IMF 1997 MEETINGS IN HK WELCOMED
* *
(TUESDAY) THAT IT
THE HONG KONG GOVERNMENT ANNOUNCED TODAY WELCOMED THE DECISION OF THE BOARDS OF GOVERNORS OF THE WORLD BANK AND
HOLD FUND (IMF) TO MONETARY
THEIR 1997 ANNUAL THE INTERNATIONAL MEETINGS IN HONG KONG FROM SEPTEMBER 23 TO 25, 1997.
"THE
++
A
IN TSANG,
THE SAID
DECISION IS ITSELF
BOOST OF CONFIDENCE TERRITORY, THE ACTING FINANCIAL SECRETARY, MR DONALD FOLLOWING THE ANNOUNCEMENT LAST NIGHT BY THE WORLD BANK AND IMF.
AFTER "THE STAGING OF SUCH A PRESTIGIOUS EVENT SOON TRANSFER OF SOVEREIGNTY IS OF SIGNIFICANCE TO HONG KONG. IT WILL BE
KONG'S CONTINUING STATUS AFFIRMATION OF HONG TIMELY
INTERNATIONAL FINANCIAL CENTRE AFTER 1997.
AS
THE
A
AN
OF
"THE UNITED KINGDOM, CHINA AND HONG KONG ARE ALL SUPPORTIVE HOLDING THE EVENT IN HONG KONG, WHICH WOULD BE GOOD FOR THE CONTINUED STABILITY AND PROSPERITY OF HONG KONG AFTER 1997," HE ADDED.
THE CHIEF EXECUTIVE OF THE HONG KONG MONETARY AUTHORITY (HKMA), MR JOSEPH YAM, SAID: "WE ARE COMMITTED TO A SUCCESSFUL ORGANISATION OF THE 1997 ANNUAL MEETINGS.'
I
THE HKMA WILL BE RESPONSIBLE FOR CO-ORDINATING WORK FOR THE MEETINGS.
THE PLANNING
COMMITTEE
APART FROM STEERING
THE FINANCIAL SECRETARY WILL BE CHAIRING A STEERING TO OVERSEE THE OVERALL PLANNING OF THIS IMPORTANT EVENT.
OF THE MEMBERS THE CHIEF EXECUTIVE OF THE HKMA, OTHER COMMITTEE WILL INCLUDE SENIOR OFFICIALS FROM RELEVANT BRANCHES.
THE
HKMA WILL
GROUPS, AND
AND
WORKING DEPARTMENTS
COMMITTEES ALSO SET UP COMPRISING REPRESENTATIVES FROM VARIOUS GOVERNMENT ORGANISATIONS, TO DEAL WITH DIFFERENT ASPECTS OF THE PLANNING WORK.
THE ANNUAL MEETINGS OF THE WORLD BANK AND IMF ARE NORMALLY HELD THREE YEARS. OUTSIDE THEIR HEADQUARTERS IN WASHINGTON DC ONCE EVERY THE MEETINGS THIS YEAR WILL BE HELD IN MADRID.
ANNUAL MEETINGS
BY AROUND
10,000
THAN 150
MEMBER
CENTRAL
MEDIA
THE
ARE USUALLY ATTENDED PARTICIPANTS. THEY COMPRISE DELEGATIONS FROM MORE COUNTRIES USUALLY HEADED BY FINANCE MINISTERS OR GOVERNORS OF BANKS,
SPECIAL GUESTS AND OBSERVERS, INTERNATIONAL BANKERS AND
REPRESENTATIVES.
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