TO HOST IMF AND WB MEETINGS IN 2006
of Governors of the IMF and WB, comprising finance ministers
and central bank governors of 184 member countries, have
endorsed Singapore's offer to host the annual meetings
in 2006. The endorsement is recognition of Singapore as
an international financial centre. Hosting the 2006 annual
meetings of the IMF and WB demonstrates our deep commitment
and support for the two institutions. The event will allow
us to showcase the economic development and progress of
Singapore and the region.
The annual meetings were last held in East Asia in 1997
when the region was in the midst of a financial crisis.
Since then, many countries in the region have taken important
steps to strengthen their financial systems and restructure
their economies. It is therefore fitting that the meetings
will be held in Asia in 2006. The meetings are a major
international event with participation by finance ministers
and central bank governors from member nations of the
two institutions. The meetings also enable chief executives
of leading financial institutions to attend and network
at the many side events and seminars held in conjunction
with the annual meetings.