News Brief No. 01/103

News Brief: IMFC and Development Committee Meetings To Be Held November 17-18, 2001 in Ottawa

October 17, 2001

The Managing Director of the International Monetary Fund, Horst Köhler, and the President of the World Bank, James D. Wolfensohn, after consultation with the institutions' Boards of Executive Directors, and with the chairmen of the International Monetary and Financial Committee (IMFC) and the Development Committee (DC), Gordon Brown and Yashwant Sinha, are pleased to accept the invitation made by the Canadian Finance Minister, Paul Martin, to host meetings of the IMFC and DC in Ottawa on November 17-18, 2001.

These meetings will bring together ministers and central bank governors from around the world to discuss issues of importance to the membership of the IMF and World Bank, especially including the global economic outlook in the wake of the tragic events of September 11; their impact, in particular, on the poorest; the ongoing work to improve the stability of the international financial system; and preparations for the forthcoming United Nations Conference on Financing for Development.