Mr. Yoshimura's Statement on The Withdrawal of the Nomination of Dr. Sakakibara For Managing Director of the IMF
March 14, 2000

This chair would like to announce its withdrawal of the nomination of Dr. Sakakibara as a candidate for Managing Director of the International Monetary Fund. I will clarify Japan's position by quoting the statement made by Japanese Finance Minister Kiichi Miyazawa regarding this withdrawal decision.

In running for the post of Managing Director, Dr. Sakakibara has received support from a number of countries in various regions. While our authorities in Tokyo extend their appreciation to all these countries, this chair would like to thank all the countries that have supported our candidate on this occasion. Also, this chair would like to thank the Dean of the Board for his courteous manner in treating our nomination of Dr. Sakakibara.

Thank you.


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