Annual Meetings  Boards of Governors OCTOBER 1998
			International Monetary Fund World Bank Group WASHINGTON, D.C.

The Knowledge Economy

A series of over 30 sessions addressed:

The Changing Dynamics of Global Finance
Actions to enhance the global financial framework; restructuring financial systems and strengthening corporate governance; probing the sources of the Asian economic crises and prospects for recovery; responding to the social dimensions of the crises.

Managing risk; employing political risk insurance and guarantees; creating viable domestic bond markets; improving transparency and accountability in capital markets; exploring equity, corruption and economic policy.

Knowledge and Technology for Development
Exploiting technology to accelerate development; using the internet as a catalyst for change; examining the real costs of the Year 2000 computer problem in emerging markets, and the steps that need to be taken now to prepare for it.

Regional and Country Opportunities
Briefings on the major emerging markets, including Russia, China, Brazil and South Africa; scenarios for post-euro Europe; exploring Africa's new opportunities for business; updates from Central Europe, the Middle East, and more.

Featured Speakers Included:

• Jamil Mahaud, President of Ecuador
• Xiang Huaicheng, Minister of Finance, China
• Pedro Malan, Minister of Finance, Brazil
• Aris Othman, Secretary General, Ministry of Finance, Malaysia
• Cyril Ramaphosa, Executive Deputy Chairman, New Africa Investments Ltd., South Africa
• Andrew S. Grove, Chairman of the Board, Intel Corporation, USA (by interactive video-conferencing)
• Syahril Sabirin, Governor, Bank of Indonesia
• Karen Elliott House, President, International Group, Dow Jones & Company, USA
• Henri Bonpun, President, Africa Business Group, Unilever Corporation, United Kingdom
• Otmar Issing and Tommaso Padoa-Schioppa, Members of the Executive Board, European Central Bank
• Mari Pangestu, Executive Director, Centre for Strategic and International Studies, Indonesia

Participants:

• CEOs, presidents, managing directors and senior representatives of financial, infrastructure, high-technology, legal, advisory, manufacturing, and other private sector ventures active in emerging markets.
• Finance ministers, central bank governors, and other policymakers from the more than 180 member countries of the World Bank and International Monetary Fund.
• Senior representatives from international organizations, development agencies, and NGOs.
• Editors and reporters from media organizations around the globe.

Special events:

Receptions, dinners, and luncheons hosted by private sector participants to allow speakers and participants to exchange views informally