APPENDIXES

76 Governors and Alternates

79 Directors and Alternates: Voting Power

81 Signatories to MIGA’s Convention

82 Fiscal 2000 Budget

APPENDIXES 75 Multilateral Investment Guarantee Agency

GOVERNORS AND ALTERNATES June 30, 1999

Member Governor Alternate

Albania ...... Shkelqim Cani ...... Fatos Ibrahimi Algeria ...... Abdelkrim Harchaoui ...... Omar Bougara Angola ...... Emmanuel Moreira Carneiro ...... Sebastiao Bastos Lavrador Argentina ...... Roque Benjamin Fernandez ...... Pedro Pou Armenia ...... Armen R. Darbinian ...... Garnik Nanagulyan Australia ...... Peter Costello ...... Kathy Sullivan Austria ...... Rudolf Edlinger ...... Hans-Dietmar Schweisgut Azerbaijan ...... Elman Siradjogly Rustamov ...... Fuad Akhundov Bahamas, The ...... William C. Allen ...... Ruth Millar Bahrain ...... Abdulla Hassan Saif ...... Zakaria Ahmed Hejres

Bangladesh ...... Shah A.M.S. Kibria ...... Mahbub Kabir Barbados ...... Owen S. Arthur ...... Erskine R. Griffith Belarus ...... Gennady V. Novitsky ...... Vladimir N. Shimov Belgium ...... Jean-Jacques Viseur ...... Gregoire Brouhns Belize ...... Said W. Musa ...... Keith A. Arnold Benin ...... Albert Tevoedjre ...... Pierre John Igue Bolivia ...... Herbert Mueller Costas ...... Alberto Valdes Andreatta Bosnia and Herzegovina ...... Mirsad Kurtovic ...... Drago Bilandzija Botswana ...... Ponatshego H.K. Kedikilwe ...... Wilfred Jiwa Mandlebe ...... Pedro Sampaio Malan ...... Arminio Fraga Neto

Bulgaria ...... Muravei Radev ...... Martin Zaimov Burkina Faso ...... Lamoussa Salif Kabore ...... Patrice Nikiema Burundi ...... Astere Girukwigomba ...... Leon Nimbona Cameroon ...... Justin Ndioro ...... Daniel Njankouo Lamere Canada ...... Paul Martin ...... Huguette Labelle Cape Verde ...... Antonio Gualberto do Rosario ...... Jose Ulisses Correia e Silva Chile ...... Eduardo Aninat ...... Joaquin Vial ...... Xiang Huaicheng ...... Jin Liqun Colombia ...... Juan Camilo Restrepo Salazar ...... Jaime Ruiz Congo, Democratic Republic of ...... Fernand Tala-Ngai ...... Jean-Claude Masangu Mulongo

Congo, Republic of ...... Mathias Dzon ...... Clement Mierassa Costa Rica ...... Leonel Baruch ...... Eduardo Lizano Fait Côte d’Ivoire ...... Daniel Kablan Duncan ...... N’Goran Niamien Croatia ...... Nenad Porges ...... Josip Kulisic Cyprus ...... Takis Klerides ...... George V. Hadjianastassiou Czech Republic ...... Ivo Svoboda ...... Oldrich Dedek Denmark ...... Poul Nielson ...... Ellen Margrethe Loj Dominica ...... Julius C. Timothy ...... Cary A. Harris ...... Hector Manuel Valdez Albizu ...... Luis Manuel Piantini M. Ecuador ...... Ana Lucia Armijos Hidalgo ...... Mauricio Pareja Canelos

Egypt, Arab Republic of ...... Atef Mohamed Mohamed Ebeid ...... Youssef El Salvador ...... Juan Jose Daboub ...... Jose Luis Trigueros Equatorial Guinea ...... Antonio Fernando Nve Ngu ...... Miguel Abia Biteo Eritrea ...... Gebreselassie Yosief ...... (vacant) Estonia ...... Siim Kallas ...... Mihkel Parnoja Ethiopia ...... Sufian Ahmed ...... Tadesse Haile Fiji ...... Mahendra Pal Chaudhry ...... Savenaca Narube Finland ...... Sauli Niinisto ...... Inga-Maria Groehn France ...... Dominique Strauss-Kahn ...... Jean Lemierre Gambia, The ...... Famara L. Jatta ...... Yusupha A. Kah

76 MIGA ANNUAL REPORT 1999 Multilateral Investment Guarantee Agency

GOVERNORS AND ALTERNATES June 30, 1999

Member Governor Alternate

Georgia ...... David Onoprishvili ...... Vladimer Papava Germany ...... Heidemarie Wieczorek-Zeul ...... Caio Koch-Weser Ghana ...... Richard Kwame Peprah ...... Victor Selormey Greece ...... Yannos Papantoniou ...... Christos Pachtas Grenada ...... Keith Mitchell ...... Garvey Louison Guatemala ...... Juan Jose Serra ...... Pedro Miguel Lamport K. Guinea ...... Elh. Th. Mamadou Cellou Diallo ...... Cellou Dalein Diallo Guyana ...... Bharrat Jagdeo ...... Michael Shree Chand Haiti ...... Fred Joseph ...... Fritz Jean Honduras ...... Gabriela Nunez de Reyes ...... Victoria Asfura de Diaz

Hungary ...... Zsigmond Jarai ...... Gusztav Bager Iceland ...... Halldor Asgrimsson ...... Geir Hilmar Haarde ...... Yashwant Sinha...... Vijay Laxman Kelkar Indonesia ...... Bambang Subianto ...... Sjahril Sabirin Ireland ...... Charlie McCreevy ...... Paddy Mullarkey ...... Jacob A. Frenkel ...... Ben-Zion Zilberfarb Italy ...... Antonio Fazio ...... Mario Draghi Jamaica ...... Omar Lloyd Davies ...... Wesley Hughes Japan ...... Kiichi Miyazawa ...... Koichi Haraguchi Jordan ...... Rima Khalaf Hunaidi ...... Mohammad Smadi

Kazakhstan ...... Oraz Jandosov ...... Roman Solodchenko Kenya ...... Yekoyada F.O. Masakhalia...... Margaret Chemengich Korea, Republic of ...... Bong-Kyun Kang ...... Chol-Hwan Chon Kuwait ...... Ali Salem Al-Ali Al-Sabah ...... Ali Abdulrehman Rashaid Al-Bader Kyrgyz Republic ...... Marat Sultanov ...... Urkaly T. Isaev Latvia ...... Roberts Zile ...... Ingrida Udre ...... Nasser Saidi ...... Georges Corm Lesotho ...... Leketekete Victor Ketso ...... Molelekeng E. Rapolaki Libya ...... Mohamed A. Bait Elmal ...... (vacant) Lithuania ...... Algirdas G. Semeta ...... Arvydas Kregzde

Luxembourg ...... Luc Frieden ...... Jean Guill Macedonia, former Yugoslav Republic of ...... Boris Stojmenov ...... Zlatka Popovska Madagascar ...... Pierrot J. Rajaonarivelo ...... Constant Horace Malawi ...... Cassim Chilumpha ...... Ted A. Kalebe Malaysia ...... Mustapa Mohamed ...... Othman Mohd. Rijal Mali ...... Ahmed El Madani Diallo ...... Mahamadou Zibo Maiga Malta ...... John Dalli ...... Joseph P. Portelli Mauritania ...... Camara Ali Gueladio ...... Sidi Mohamed Ould Bakha Mauritius ...... Rundheersing Bheenick ...... Dharam Dev Manraj

Micronesia, Federated States of ...... John Ehsa ...... Sebastian L. Anefal Moldova ...... Anatol Arapu ...... Andrei Cheptine Mongolia ...... Yansanjav Ochirsukh ...... Jigjid Unenbat Morocco ...... Fathallah Oualalou ...... Ahmed Lahlimi Alami Mozambique ...... Tomaz Augusto Salomao ...... Adriano Afonso Maleiane Namibia ...... Andrew Ndishishi ...... Paul Walter Hartmann Nepal ...... Mahesh Acharya ...... Ram Binod Bhattarai Netherlands ...... Gerrit Zalm ...... Eveline Herfkens Nicaragua ...... Esteban Duque Estrada ...... Mario De Franco Nigeria ...... Adamu Ciroma ...... Samuel Chukwuma Nwokedi

GOVERNORS AND ALTERNATES 77 Multilateral Investment Guarantee Agency

GOVERNORS AND ALTERNATES June 30, 1999

Member Governor Alternate

Norway ...... Hilde Frafjord Johnson ...... Leiv Lunde Oman ...... Ahmed Bin Abdulnabi Macki ...... Mohammed bin Nasser Al-Khasibi Pakistan ...... Mian Tayyab Hassan ...... Mohammad Yunis Khan Palau ...... Tommy Remengesau, Jr...... Elbuchel Sadang Panama ...... Fernando Aramburu Porras ...... Rene Luciani Lasso Papua New Guinea ...... Iairo Lasaro ...... Brown Bai Paraguay ...... Federico Zayas ...... Anibal Fernando Paciello Rodriguez Peru ...... Victor Joy Way ...... Alfredo Jalilie Awapara ...... Edgardo B. Espiritu ...... Rizalino S. Navarro Poland ...... Jacek Tomorowicz ...... Agnieszka Rudniak

Portugal ...... Antonio de Sousa Franco ...... Fernando Teixeira dos Santos Qatar ...... Youssef Hussain Kamal ...... Abdullah Bin Khalid Al-Attiyah Romania ...... Decebal Traian Remes ...... Emil Iota Ghizari Russian Federation ...... Yuri Maslyukov ...... Andrei Shapovaliants St. Lucia ...... Kenny D. Anthony ...... Bernard La Corbiniere St. Vincent and the Grenadines ...... James F. Mitchell ...... Maurice Edwards Samoa ...... Tuilaepa S. Malielegaoi ...... Epa Tuioti Saudi Arabia ...... Ibrahim A. Al-Assaf ...... Jobarah Al-Suraisry Senegal ...... Mohamed El Moustapha Diagne ...... El Hadj Ibrahima Sall Seychelles ...... Bertrand Rassool ...... Vilner Calixte

Sierra Leone ...... James O.C. Jonah ...... James Bucknall Singapore ...... Richard Hu Tsu Tau ...... Khaw Boon Wan Slovak Republic ...... Ivan Miklos ...... Vladimir Masar Slovenia ...... Mitja Gaspari ...... Irena Sodin South Africa ...... Trevor Andrew Manuel ...... Christian Lodewyk Stals Spain ...... Rodrigo de Rato Figaredo ...... Elena Pisonero Ruiz Sri Lanka ...... Chandrika Bandaranaika Kamaratunga ...... Dixon Nilaweera ...... Abdel Wahab Osman ...... Izzedin Ibrahim Hassan Swaziland ...... Noreen N. Maphalala ...... Ephraim Mandla Hlophe Sweden ...... Bosse Ringholm ...... Pierre Schori

Switzerland ...... Nicolas Imboden ...... Walter Hofer Tanzania ...... Nassoro Malocho ...... Raphael O. Mollel Togo ...... Abdoul-Hamid S.B. Tidjani-Dourodjaye ...... Kossi Assimaidou Trinidad and Tobago...... Brian Kuei Tung ...... Kamal Mankee Tunisia ...... Mohamed Ghannouchi ...... Abdelhamid Triki Turkey ...... Yener Dincmen ...... Cuneyt Sel Turkmenistan ...... Hudaiberdy A. Orazov ...... Ovez Agaev Uganda ...... Gerald M. Ssendaula ...... Emmanuel Tumusiime-Mutebile Ukraine ...... Sergiy L. Tigipko ...... Roman Shpek United Arab Emirates ...... Mohamed K. Khirbash ...... Jamal Nasser Lootah

United Kingdom ...... Clare Short ...... Gordon Brown ...... Robert E. Rubin ...... Stuart E. Eizenstat Uruguay ...... Luis Mosca ...... Ariel Davrieux Uzbekistan ...... Makhmudjon A. Askarov ...... Saidakbar Abdurakhimov Vanuatu ...... Sela Molisa ...... Andrew Kausiama Venezuela...... Gustavo Marquez Marin ...... Jorge Giordani Vietnam ...... Nguyen Tan Dung ...... Le Duc Thuy Yemen, Republic of ...... Ahmed Mohamed Sofan ...... Anwar Rizq Al-Harazi Zambia ...... Edith Zewelani Nawakwi ...... Benjamin Mweene Zimbabwe ...... Herbert M. Murerwa ...... Charles Tawonerera Kuwaza

78 MIGA ANNUAL REPORT 1999 Multilateral Investment Guarantee Agency

DIRECTORS AND ALTERNATES: VOTING POWER June 30, 1999

Total % of Director Alternate Casting votes of votes total

ELECTED BY THE VOTES OF THE SIX LARGEST SHAREHOLDERS:

Jan Piercy Michael Marek United States 20,696 16.18 Satoru Miyamura Kiwamu Inoue Japan 7,214 5.64 Helmut Schaffer Eckhardt Biskup Germany 5,248 4.10 Jean-Claude Milleron Jean Pesme France 5,037 3.94 Stephen Pickford Myles Wickstead United Kingdom 5,037 3.94 Zhu Xian Zou Jiayi China 3,315 2.59

ELECTED BY THE VOTES OF OTHER SHAREHOLDERS:

Godfrey Gaoseb Girmai Abraham Angola, Botswana, Burundi, Eritrea, Ethiopia, 7,704 6.02 (Namibia) (Eritrea) The Gambia, Kenya, Lesotho, Malawi, Mozambique, Namibia, Nigeria, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe

Pieter Stek Tamara Solyanyk Armenia, Bosnia and Herzegovina, Bulgaria, 7,159 5.60 (Netherlands) (Ukraine) Croatia, Cyprus, Georgia, Israel, Macedonia (former Yugoslav Republic of), Moldova, Netherlands, Romania, Ukraine

Luc Hubloue Ruth Bachmayer Austria, Belarus, Belgium, Czech Republic, 6,928 5.42 (Belgium) (Austria) Hungary, Kazakhstan, Luxembourg, Slovak Republic, Slovenia, Turkey

Terrie O’Leary Alan David Slusher The Bahamas, Barbados, Belize, Canada, 6,002 4.69 (Canada) (Belize) Dominica, Grenada, Guyana, Ireland, Jamaica, St. Lucia, St. Vincent and the Grenadines

Ilkka Niemi Anna M. Brandt Denmark, Estonia, Finland, Iceland, 4,840 3.78 (Finland) (Sweden) Latvia, Lithuania, Norway, Sweden

Khalid M. Al-Saad Mohamed Kamel Amr Bahrain, (Arab Republic of), 4,782 3.74 (Kuwait) (Arab Republic Jordan, Kuwait, Lebanon, Libya, of Egypt) Oman, Qatar, United Arab Emirates, Yemen (Republic of)

Murilo Portugal Patricio Rubianes Brazil, Colombia, Dominican Republic, 4,554 3.56 (Brazil) (Ecuador) Ecuador, Haiti, Panama, Philippines, Trinidad and Tobago

Federico Ferrer (Vacant) Costa Rica, El Salvador, Guatemala, 4,533 3.54 (Spain) Honduras, Nicaragua, Spain, Venezuela

Franco Passacantando Helena Cordeiro Albania, Greece, Italy, Malta, Portugal 4,500 3.52 (Italy) (Portugal)

Bassary Toure Paulo F. Gomes Benin, Burkina Faso, Cameroon, 4,240 3.32 (Mali) (Guinea-Bissau) Cape Verde, Congo (Democratic Republic of), Congo (Republic of), Côte d’Ivoire, Equatorial Guinea, Guinea, Madagascar, Mali, Mauritania, Mauritius, Senegal, Togo

DIRECTORS AND ALTERNATES: VOTING POWER 79 Multilateral Investment Guarantee Agency

DIRECTORS AND ALTERNATES: VOTING POWER June 30, 1999

Total % of Director Alternate Casting votes of votes total

Surendra Singh a Syed Ahmed Bangladesh, India, Sri Lanka 4,190 3.28 (India) (Bangladesh)

Matthias Meyer Jerzy Hylewski Azerbaijan, Kyrgyz Republic, Poland, 3,759 2.94 (Switzerland) (Poland) Switzerland, Turkmenistan, Uzbekistan

Valeriano F. Garcia Ivan Rivera Argentina, Bolivia, Chile, Paraguay, 3,581 2.80 (Argentina) (Peru) Peru, Uruguay

Khalid H. Alyahya Khaled Al-Aboodi Saudi Arabia 3,314 2.59 (Saudi Arabia) (Saudi Arabia)

Andrei Bugrov Eugene Miagkov Russian Federation 3,314 2.59 (Russian Federation) (Russian Federation)

Jannes Hutagalung Wan Abdul Aziz Wan Fiji, Indonesia, Malaysia, Nepal, 3,204 2.51 (Indonesia) Abdullah Singapore, Vietnam (Malaysia)

Inaamul Haque Mohamed Dhif Algeria, Ghana, Morocco, Pakistan, 2,943 2.30 (Pakistan) (Algeria) Tunisia

Young-Hoi Lee b Lewis D. Holden Korea (Republic of), Micronesia 1,807 1.41 (Republic of Korea) (New Zealand) (Federated States of), Palau, Papua New Guinea, Samoa, Vanuatu

In addition to the directors and alternates shown in the foregoing list, the following also served after October 31, 1998:

End of period End of period Director of service Alternate director of service

Li Yong December 31, 1998 Kacim Brachemi June 14, 1999 (China) (Algeria)

Christopher Legg March 31, 1999 (Australia)

Mihai Tanasescu May 31, 1999 (Romania)

Zhao Xiaoyu February 28, 1999 (China)

Note: Australia (1,890 votes) and Mongolia (235 votes) became members after the 1998 Regular Election of Directors.

a. To be succeeded by B.P. Singh (India) effective August 1, 1999. b. To be succeeded by Neil Hyden (Australia) effective August 1, 1999.

80 MIGA ANNUAL REPORT 1999 Multilateral Investment Guarantee Agency

SIGNATORIES TO MIGA’S CONVENTION June 30, 1999

Albania * Germany * Palau * Algeria * Ghana * Panama * Angola * Greece * Papua New Guinea * Argentina * Grenada * Paraguay * Armenia * Guatemala * Peru * Australia * Guinea * Philippines * Austria * Guinea-Bissau Poland * Azerbaijan * Guyana * Portugal * Bahamas, The * Haiti * Qatar * Bahrain * Honduras * Romania * Bangladesh * Hungary * Russian Federation * Barbados * Iceland * Rwanda ** Belarus * India * Samoa * Belgium * Indonesia * Saudi Arabia * Belize * Ireland * Senegal * Benin * Israel * Seychelles * Bolivia * Italy * Sierra Leone * Bosnia and Herzegovina * Jamaica * Singapore * Botswana * Japan * Slovak Republic * Brazil * Jordan * Slovenia * Bulgaria * Kazakhstan * Solomon Islands Burkina Faso * Kenya * South Africa * Burundi * Korea, Republic of * Spain * Cambodia Kuwait * Sri Lanka * Cameroon * Kyrgyz Republic * St. Kitts and Nevis Canada * Lao People’s Democratic Republic St. Lucia * Cape Verde * Latvia * St. Vincent and the Grenadines * Central African Republic Lebanon * Sudan * Chad Lesotho * Suriname Chile * Liberia Swaziland * China * Libya * Sweden * Colombia * Lithuania * Switzerland * Congo, Democratic Republic of * Luxembourg * Syrian Arab Republic Congo, Republic of * Macedonia, FYR of * Tajikistan ** Costa Rica * Madagascar * Tanzania * Côte d’Ivoire * Malawi * Thailand Croatia * Malaysia * Togo * Cyprus * Mali * Trinidad and Tobago * Czech Republic * Malta * Tunisia * Denmark * Mauritania * Turkey * Dominica * Mauritius * Turkmenistan * Dominican Republic * Micronesia, Fed. States of * Uganda * Ecuador * Moldova * Ukraine * Egypt, Arab Republic of * Mongolia * United Arab Emirates * El Salvador * Morocco * United Kingdom * Equatorial Guinea * Mozambique * United States * Eritrea * Namibia * Uruguay * Estonia * Nepal * Uzbekistan * Ethiopia * Netherlands * Vanuatu * Fiji * Nicaragua * Venezuela * Finland * Niger Vietnam * France * Nigeria * Yemen, Republic of * Gabon Norway * Yugoslavia, Federal Republic of ** Gambia, The * Oman * (Serbia and Montenegro) Georgia * Pakistan * Zambia * Zimbabwe * * Member country. ** Country that has ratified the Convention but not yet completed membership requirements.

SIGNATORIES TO MIGA’S CONVENTION 81 Multilateral Investment Guarantee Agency

FISCAL 2000 BUDGET (thousands of U.S. dollars)

Income: Net premium and commitment fees earned ...... $ 30,800 Investment income ...... 22,000 Miscellaneous income ...... 0 Total income ...... 52,800

Expenditure by organizational unit: Executive Office ...... 1,726 Office of Central Administration ...... 1,342 Finance ...... 1,791 Guarantees ...... 8,741 Investment Marketing Services ...... 3,623 Legal and claims ...... 2,319 Total expenditures ...... 19,542

Net income before provisioning ...... $ 33,258

Expenditure by category: Discretionary costs: Staff costs ...... $ 7,671 Operational travel ...... 1,304 Representation ...... 123 Consultant fees ...... 677 Contractual services ...... 1,194 IFC services ...... 153 Marketing and publications ...... 687 Direct communications ...... 178 Internal computing and maintenance ...... 391 Furniture and equipment ...... 250 Miscellaneous ...... 169 Subtotal ...... 12,797

Other direct costs: Staff benefits ...... $ 3,973 Office occupancy ...... 753 IBRD service and support fee ...... 1,319 Overhead ...... 200 Subtotal ...... 6,245

General contingency ...... 500

Total Budget ...... $ 19,542

Note: The fiscal 2000 budget was approved by the Directors in accordance with MIGA’s bylaws.

82 MIGA ANNUAL REPORT 1999