08-04-92 16:35 FROM: IF 1 H.M. TREASURY
wpu.rpimf92.24
Brief No 4
ID : 0712706329
PAGE
HER MAJESTY'S TREASURY
1992 IMF/IBRD 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 a formal
proposal is made, as we expect.
2.
and excellent conference facilities,
Hong Kong has
their adequacy for hosting the Annual Meetings has already been confirmed by an informal joint Fund
and World Bank technical mission.
[To be used
also
3. Holding the Annual Meetings in Hong Kong shortly after the reversion of confidence that is needed to sovereignty to China should help reinforce the maintain Hong Kong's position as an international financial centre.
of the occasion could discretely wish G7/EC. delegates: the prospect encourage the Chinese to behave with discretion during the critical months just before and just after the change-over.]
Berlin
[If pressed]: Believe that the Berlin meetings, where the Mayor of took the lead as host, provide a useful precedent for the precise form that the Hong Kong meetings could take.
Background
5.
The
The Annual Meetings are held outside Washington once every three years. 1994 Annual Meetings will be in Madrid, and the 1997 Annual Meetings would be
expected to be held in Asia.
1
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