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THE WORLD BANK GROUP THE WORLD BANK GR WORLD THE 2002 A Headquarters 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. NNUAL Public Disclosure Authorized Public Disclosure Authorized Telephone: (202) 477-1234 Facsimile: (202) 477-6391 Website: www.worldbank.org M EETINGS Cable Address World Bank: INTBAFRAD OUP IFC: CORINTFIN THE WORLD BANK GROUP IDA: INDEVAS OF MIGA: MIGAVEST THE B SUMMARY PROCEEDINGS SUMMARY O Public Disclosure Authorized Public Disclosure Authorized ARDS OF 2002 ANNUAL MEETINGS G OV ERNORS OF THE BOARDS OF GOVERNORS Public Disclosure Authorized Public Disclosure Authorized Summary Proceedings Washington, D.C. September 29, 2002 0324242-SummaryPro2002 1 Public Disclosure Authorized Public Disclosure Authorized 7/18/03, 9:53 AM Fm.pdf 7/15/03 9:44 AM Page i THE WORLD BANK GROUP 2002 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS SUMMARY PROCEEDINGS WASHINGTON, D.C. SEPTEMBER 29, 2002 Fm.pdf 7/15/03 9:44 AM Page ii Fm.pdf 7/15/03 9:44 AM Page iii INTRODUCTORY NOTE The 2002 Annual Meetings of the Boards of Governors of the World Bank Group, which consists of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), International Development Association (IDA), Multilateral Investment Guarantee Agency (MIGA) and International Centre for the Settlement of Investment Disputes (ICSID), held jointly with that of the International Monetary Fund, took place on September 29, 2002 in Washington, D.C. The Honorable Ahmed bin Abdulnabi Macki, Governor of the Bank and the Fund for the Sultanate of Oman, served as the Chairman. The Summary Proceedings record, in alphabetical order by member countries, the texts of statements by Governors, and resolutions adopted by the Boards of Governors of the World Bank Group. The texts of statements concerning the IMF are published separately by the Fund. Ngozi N. Okonjo-Iweala Vice President and Corporate Secretary THE WORLD BANK GROUP Washington, D.C. April 2003 iii Fm.pdf 7/15/03 9:44 AM Page iv Fm.pdf 7/15/03 9:44 AM Page v CONTENTS Page Opening Address by the Chairman Ahmed bin Abdulnabi Macki Governor of the Bank and the Fund for the Sultanate of Oman . 1 Annual Address by James D. Wolfensohn President of the World Bank Group . 6 Report by Trevor Manuel Chairman of the Development Committee . 12 Statements by Governors and Alternate Governors . 15 Page Afghanistan . 15 India . 88 Australia . 17 Indonesia . 92 Bangladesh . 23 Iran, Islamic Belarus . 25 Republic of 94 Belgium . 28 Iraq . 95 Bosnia Herzegovina . 34 Ireland . 98 Bulgaria . 36 Israel . 100 Cambodia . 38 Italy . 103 Canada . 46 Japan . 106 China . 50 *Jordan . 114 Croatia . 52 Korea . 119 Cyprus . 54 Lao People’s Democratic *Denmark . 57 Republic . 120 East Timor . 68 Luxembourg . 123 *Estonia . 70 Malaysia . 125 Fiji . 71 Malta . 131 *Finland . 73 Myanmar . 134 France . 76 Nepal . 135 Germany . 79 Netherlands . 139 Greece . 82 New Zealand . 142 *Grenada . 85 Pakistan . 148 * Speaking on behalf of a group of countries. v Fm.pdf 7/15/03 9:44 AM Page vi Papua New Guinea . 151 Switzerland . 176 Philippines . 154 Thailand . 178 Poland . 156 Tonga . 182 Portugal . .*Uganda 157 . 185 Russian Federation . 160 Ukraine . 191 *Samoa . 167 United Kingdom . 194 Singapore . 170 United States . 201 Spain . 170 Venezuela . 204 Sri Lanka . 174 Page Concluding Remarks by James D. Wolfensohn . 209 Concluding Remarks by the Chairman Ahmed Macki . 211 Remarks by Jean-Pierre Roth, Governor of the Fund for Switzerland . 214 Documents of the Boards of Governors . 215 Schedule of Meetings . 215 Provisions Relating to the Conduct of the Meetings . 216 Agendas . 217 Joint Procedures Committee . 218 Report II . 219 Report III . 221 MIGA Procedures Committee . 223 Report I . 224 Resolutions Adopted by the Board of Governors of the Bank Between the 2001 and 2002 Annual Meetings . 226 No. 544...Membership of East Timor . 226 No. 545...Direct Remuneration of Executive Directors and their Alternates . 228 No. 546...Forthcoming Annual Meetings . 229 No. 547...2002 Regular Election of Executive Directors . 229 * Speaking on behalf of a group of countries. vi Fm.pdf 7/15/03 9:44 AM Page vii Resolutions Adopted by the Board of Governors of the Bank at the 2002 Annual Meetings . 230 No. 548... Financial Statements, Accountants’ Report and Administrative Budget . 230 No. 549... Allocation of FY2002 Net Income . 230 Resolution Adopted by the Board of Governors of IFC Between the 2001 and 2002 Annual Meetings . 232 No. 235 Membership of East Timor . 232 Resolutions Adopted by the Board of Governors of IFC at the 2002 Annual Meetings . 234 No. 236... Financial Statements, Accountants’ Report and Administrative Budget . 234 Resolution Adopted by the Board of Governors of IDA Between the 2001 and 2002 Annual Meetings . 235 No. 200... Membership of Bahamas . 235 No. 201... Membership of East Timor . 237 No. 202... Greece—Change in Membership Status . 239 Resolutions Adopted by the Board of Governors of IDA at the 2002 Annual Meetings . 241 No. 203... Financial Statements, Accountants’ Report and Administrative Budget . 241 No. 204... Addition to Resources: Thirteenth Replenishment . 241 Resolutions Adopted by the Council of Governors of MIGA Between the 2001 and 2002 Annual Meetings . 251 No. 61...Extension of Subscription Period under Resolution No. 57 of the Council of Governors . 251 No. 62... Membership of East Timor . 252 No. 63... 2002 Regular Election of Directors . 253 Reports of the Executive Directors of the Bank . 254 Membership of East Timor . 254 Forthcoming Annual Meetings . 255 2002 Regular Election of Executive Directors . 255 Rules for the 2002 Regular Election of Executive Directors . 257 Statement of Results of 2002 Election of Executive Directors . 261 Allocation of FY2002 Net Income . 267 vii Fm.pdf 7/15/03 9:44 AM Page viii Reports of the Board of Directors of IFC . 269 Membership of East Timor . 269 Reports of the Board of Directors of IDA . 270 Membership of the Bahamas . 270 Membership of East Timor . 270 Greece—Change in Membership Status . 271 Additions to IDA Resources: Thirteenth Replenishment . 272 Reports of the Board of Directors of MIGA . 324 Extension of Subscription Period Under Resolution No. 57 of the Council of Governors . 324 Membership of East Timor . 327 2002 Regular Election of Directors . 327 Rules for the 2002 Regular Election of Directors . 330 Statement of Results of 2002 Election of the Board of Directors . 334 Accredited Members of Delegations at the 2002 Annual Meetings . 340 Accredited Members of Delegations (MIGA) at the 2002 Annual Meetings . 370 Observers at the 2002 Annual Meetings . 381 Executive Directors, Alternates and Advisors IBRD, IFC, IDA . 386 Directors and Alternates MIGA . 389 Officers of the Board of Governors and Joint Procedures Committee for 2002–03 . 391 Officers of the MIGA Council of Governors and Procedures Committee for 2002–03 . 392 viii Part-I.pdf 7/15/03 9:44 AM Page 1 OPENING ADDRESS BY THE CHAIRMAN THE HONORABLE AHMED BIN ABDULNABI MACKI GOVERNOR OF THE BANK AND THE FUND FOR THE SULTANATE OF OMAN Introduction Managing Director Köhler, President Wolfensohn, my fellow Gov- ernors, Excellencies, ladies, and gentlemen, it is my great privilege to welcome you to the 2002 Annual Meetings of the International Mone- tary Fund and the World Bank Group. On behalf of the Boards of Gov- ernors, I would like to express our sincere appreciation to the president and the people of the United States of America for their hospitality. I would also like to extend our deep gratitude to the authorities and the people of Washington, D.C. for hosting these meetings. Let me also extend a special welcome to the newest member of the Fund and the World Bank Group, the newly independent nation of East Timor. There is much to be accomplished during these meetings, and we will all need to work together if we are to make tangible progress. I come from a region where we fully recognize that we need to cooperate with our neighbors to address issues of common concern and to strengthen and deepen relationships. The Sultanate of Oman has devel- oped rapidly during the last 30 years by achieving the stability that comes from the collective cooperation of our people and from working together with our regional neighbors and key trading partners. The economic development of Oman has been achieved by main- taining a strict fiscal policy and by ensuring that inflation is kept under control. In more recent years, there has also been a strong drive for pri- vatization. Oman has encouraged international investors to participate in the expansion of the power sector. We have also encouraged interna- tional investors to participate in the privatization of the management, operation, and maintenance of our main air and sea ports to ensure the efficient use of our national assets. We have also cooperated with a number of international institutions to update our legal and health sys- tems and to improve education. At the regional level, Oman is cooperating with our neighbors in the Gulf Cooperation Council (GCC) to harmonize our economic policies. We are also working to achieve the GCC customs union by January 2003. Oman is a strong advocate of international cooperation as the best way to tackle the various challenges facing us all. 1 Part-I.pdf 7/15/03 9:44 AM Page 2 Managing Global Integration through Increased International Cooperation Fellow Governors, an outstanding fact of our world today is its growing integration and interdependence. The process of globalization has presented our countries with tremendous opportunities for growth and prosperity but has introduced new risks as well. As this global inte- gration deepens, concerted action on the part of developed and devel- oping countries, national and international authorities, and the public and private sectors alike is needed to ensure that the benefits of global- ization are shared by all.
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    Volume 31 Issue 1 Interpretation, Inc. 11367-1597 U.S.A. Flushing, N.Y. Queens College 31/1 A JOURNAL OF POLITICAL PHILOSOPHY Interpretation Fall 2003 3 Ronald Hamowy Two Whig Views of the American Revolution: Adam Ferguson’s Response to Richard Price Discussion: 37 Patrick Coby Mind Your Own Business: The Trouble with Justice in Plato’s Republic 59 Sean Steel Katabasis in Plato’s Symposium Book Reviews: 85 Martin Yaffe The Beginning of Wisdom: Reading Genesis by Leon R. Kass 93 Mera Flaumenhaft Colloquial Hermeneutics: Eva Brann’s Odyssey 103 Wayne Ambler Our Attraction to Justice Devin Stauffer The Idea of Enlightenment: Hanover, PAHanover, 17331 109 Fall 2003 Fall U.S. POSTAGE U.S. POSTAGE Non-Profit Org. A Post-Mortem Study by Permit No. 4 Robert C. Bartlett PAID A JOURNAL OF POLITICAL PHILOSOPHY Editor-in-Chief Hilail Gildin, Dept. of Philosophy, Queens College Associate Editor Erik Dempsey General Editors Seth G. Benardete (d. 2001) • Charles E. Butterworth • Hilail Gildin • Leonard Grey • Robert Horwitz (d. 1978) • Howard B. White (d. 1974) Consulting Editors Christopher Bruell • Joseph Cropsey • Ernest L. Fortin (d. 2002) • John Hallowell (d. 1992) • Harry V. Jaffa • David Lowenthal • Muhsin Mahdi • Harvey C. Mansfield • Arnaldo Momigliano (d. 1987) • Michael Oakeshott (d. 1990) • Ellis Sandoz • Leo Strauss (d. 1973) • Kenneth W. Thompson International Editors Terence E. Marshall • Heinrich Meier Editors Wayne Ambler • Maurice Auerbach • Robert Bartlett • Fred Baumann • Amy Bonnette • Eric Buzzetti • Susan Collins • Patrick Coby • Elizabeth C’de Baca Eastman • Thomas S. Engeman • Edward J. Erler • Maureen Feder-Marcus • Pamela K. Jensen • Ken Masugi • Carol M.