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Press Release: Joint IMF World Bank Implementation Committee for the HIPC Initiative and the PRSP Program
April 16, 2000
World Bank President James Wolfensohn and International Monetary Fund (IMF) Acting Managing Director Stanley Fischer today announced the establishment of a Joint IMF/World Bank Implementation Committee (JIC) to coordinate work on two high priority joint Bank/IMF initiatives, the Heavily Indebted Poor Country (HIPC) Initiative and the Poverty Reduction Strategy Papers (PRSP) program.
The JIC will oversee implementation of HIPC and PRSP to ensure that both are implemented smoothly and will provide a means for resolving any differences in approach that may arise. It will monitor progress in implementing both programs, and coordinate the production of regular reports and briefings to the Executive Boards. The JIC will also assist the External Relations departments of both institutions in ensuring consistent and effective external communications.
The Committee, which will become effective May 1, will be co-chaired by Masood Ahmed (Deputy Director of Policy Department and Review Department, IMF) and Kemal Dervis (Vice President of the Poverty Reduction and Economic Management Network, World Bank).
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| Public Affairs | Media Relations | |||
|---|---|---|---|---|
| E-mail: | publicaffairs@imf.org | E-mail: | media@imf.org | |
| Fax: | 202-623-6278 | Phone: | 202-623-7100 | |
