Estonia to participate in the Annual Meetings of the IMF and the World Bank

Published on October 10, 2008

Tallinn

The main topics of the meeting are the situation of the global economy and financial markets and the surveillance activities of the IMF.From Estonia's point of view, one of the most important issues treated at the meeting is the analysis of the IMF's recent years' surveillance activities and policy advice. Among other things also the lending policy of the IMF, the impact of rising food and oil prices on the economy of the member countries and the role of the IMF in less developed countries are treated. The meeting of the World Bank Development Committee includes discussions of the global economic situation and its impact on the countries receiving financial and technical assistance from the World Bank, climate change related problems that developing countries face and the issue of the suffrage and representation of developing countries' representatives in the World Bank Board. Estonia's representatives at the annual meeting are the Minister of Finance , Governor of Eesti Pank , Deputy Governor of Eesti Pank , as well as experts from both Eesti Pank and the Ministry of Finance.

Ivari PadarAndres LipstokAndres Sutt

http://www.imf.org/external/am/2008/pressinf.htm

The IMFC is an advisory body supervising the development of the international monetary and financial system. The IMFC meetings take place biannually and are attended by, in addition to the committee's own members, representatives from the IMF member countries and international organisations.