Members of the Swiss Constituency, a voting group within the International Monetary Fund (IMF) and the World Bank through which its members, Azerbaijan, the Kyrgyz Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistan and Uzbekistan, exercise their rights and pursue their interests, met in Belgrade today.
The meeting was organised in Serbia for the first time and was hosted by Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Governor of the National Bank of Serbia (NBS) Radovan Jelasic.
The meeting, chaired by President of the Swiss Confederation and Minister of Finance Hans-Rudolf Merz, was attended by central bank governors and ministers of finance discharging the functions of governors and deputy governors of the Swiss Constituency members in the IMF and the World Bank, executive directors of Switzerland in the IMF and the World Bank, as well as their deputies and associates.
The participants reached a common position with regard to global economic developments, reforms and strategies of the IMF and World Bank that will be on the agenda of the Annual Meeting of the Boards of Governors in Istanbul on October 4-7 2009. The meeting also focused on current issues of interest for all Constituency members.
A seminar on the effects of the global financial crisis, titled “Sudden Stop – First Lessons” was also held.
The keynote speaker was Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development Erik Berglöf.
Presentations were also given by Governor of the National Bank of Poland Slawomir Skrzypek, Governor of the central bank of the Kyrgyz Republic Marat Alapaev and the NBS governor.
The presentations were followed by discussions about the experiences of the Constituency members regarding the consequences of the world economic crisis in their respective countries.