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IMF/WB Dutch Constituency Meeting In Yerevan Was Productive

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  • IMF/WB Dutch Constituency Meeting In Yerevan Was Productive

    IMF/WB DUTCH CONSTITUENCY MEETING IN YEREVAN WAS PRODUCTIVE

    Noyan Tapan
    Jun 19 2006

    YEREVAN, JUNE 19, NOYAN TAPAN. The IMF/WB Dutch Constituency meeting
    held in Yerevan on June 17-18 was a productive one. Gerrit Zalm,
    Deputy Prime Minister, Finance Minister of the Netherlands, stated
    this during a press conference to summarize the Yerevan meeting.

    The IMF Managing Director Rodrigo de Rato, the finance ministers and
    chairmen of the central banks of the Netherlands, Armenia, Georgia,
    Moldova, Ukraine, Romania, Bulgaria, Croatia, Macedonia, Israel,
    Cyprus, Bosnia and Herzegovina, as well as more than 70 other officials
    from these countries, IMF and WB participated in the meeting.

    Issues related to the IMF/WB annual meeting to be held in Singapour
    this year were dicussed at the meeting, particularly, the issue of
    quotas of IMF member states. Representtaives of the financial secors
    of the member states made the following reports: "Current Events in
    WB and IMF", "Strategic Review of the IMF", "Fiscal Space: Domestic
    Resource Mobilization", "Current Account Imbalancies in Transition:
    Vulnerabilities and Policies", "Productivity Growth, Job Creation
    and Demograthic Change: How are Countries of the Dutch Constituency
    Doing?".

    According to the IMF Executive Director Jeroen Kremers, the population
    of the Dutch Constituency member states is 125 mln, which is almost
    equal to Russia's polulation. The total quaota of the member states
    is 5%, which is twice as much as that of Russia.

    In the opinion of G. Zalm, Armenia has excellently organized both
    the meeting and the cultural and tourism program for the meeting
    participants.

    According to him, the next meeting of the IMF/WB Dutch Constituency
    will be held in Moldova in 2007.
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