Introduction
Annex
1997 Annual Meetings of the Board of Governors of the World Bank Group and the IMF
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The World Bank Group is made up of the International Bank for Reconstruction and Development, the International Finance Corporation, the International Centre for the Settlement of Investment Disputes and the Multilateral Investment Guarantee Agency. The common objective of the World Bank Group is to help raise standards of living in developing countries by channelling financial resources for the construction of basic economic infrastructure and other worthy developmental projects. The main objective of the International Monetary Fund is to promote international monetary cooperation by facilitating expansion of international trade and assisting member countries to address short-term balance-of-payment problems and provide for more stable exchange rates.
2.
The Annual Meetings of the Boards of Governors of the Bank/Fund are normally held outside Washington, their headquarters, once every three years. The 1991 Annual Meetings were held in Bangkok and the 1994 Annual Meetings will be held in Madrid. According to the established pattern, the Annual Meetings is expected to be held in Asia in September 1997 if there is no competing bid from a member in Africa or Latin America.
3.
The Annual Meetings are normally attended by delegations from 150 member countries headed by the Governors (usually the Finance Ministers) or the Alternate Governors (usually the Governors of the Central Banks). The attendance is normally around 10,000 participants comprising about 3,000 official delegates, 1,000 special guests and observers, 3,000 visitors (mainly bankers), 2,000 media representatives
CONFIDENT M
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