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Prime Minister Ingraham to chair WBG/IMF meetings in DC
By Embassy of The Bahamas
Sep 20, 2011 - 5:58:47 PM

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Prime Minister Ingraham with Bahamas Ambassador to Washington, Cornelius A. Smith (left).

WASHINGTON, DC – Prime Minister Hubert Ingraham arrived in Washington DC on Tuesday to chair the annual Board of Governors Meeting of the World Bank Group (WBG) and International Monetary Fund (IMF). The Bahamas was elected to chair the meetings at the 2010 meeting, also held in DC.  

These meetings, which and occur ahead of the meetings of the International Monetary and Financial Committee, the Development Committee, the Group of Ten, the Group of Twenty-Four, and various other groups of members, are a yearly opportunity for the Boards of Governors to discuss the work of their respective institutions.

Mr. Ingraham met with World Bank President Robert Zoellick on Tuesday afternoon, and was then briefed by the Secretaries of the Bank and Fund. Joining the prime minister’s delegation were State Minister of Finance Zhivargo Laing, Bahamas Central Bank Governor Wendy Craig, Fiscal Advisor in the Ministry of Finance Robert Henry, John Rolle, Senior Advisor to the Executive Director at the IMF, Policy Advisor Maria-Teresa Butler, Financial Secretary Ehurd Cunningham, Bahamas Ambassador CA Smith and Simon Wilson, from the Ministry of Finance.  

Mr. Ingraham, as chair of the Bank and Fund, will deliver the Chairman’s address at the opening of the Annual Meetings on Friday. At the Annual Meetings, the Boards of Governors make decisions on how current international monetary issues should be addressed and approve corresponding resolutions.  

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The prime minister is also expected to meet with new IMF Chair Christine Lagarde.  

At the conclusion of their meetings, the International Monetary and Financial Committee and the Development Committee, as well as several other groups, issue communiqués.

The Annual Meetings provide opportunities for consultations large and small, formal and informal. Numerous seminars are held in conjunction with the meetings, including seminars conducted by staff members for members of the press. In fact, more than 13,000 people are expected to attend the 2011 meetings.

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Prime Minister Hubert Ingraham, who serves this year as chairman of the World Bank/IMF group is pictured with World Bank President Robert Zoellick in Washington, DC Tuesday


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