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    "title": "9/04/75 - Wives of Delegates of the IMF and World Bank Annual Meeting",
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    "ocrText": "The original documents are located in Box 4, folder \"9/04/75 - Wives of Delegates of the\nIMF and World Bank Annual Meeting\" of the Betty Ford White House Papers, 1973-1977\nat the Gerald R. Ford Presidential Library.\nCopyright Notice\nThe copyright law of the United States (Title 17, United States Code) governs the making of\nphotocopies or other reproductions of copyrighted material. Betty Ford donated to the United States\nof America her copyrights in all of her unpublished writings in National Archives collections.\nWorks prepared by U.S. Government employees as part of their official duties are in the public\ndomain. The copyrights to materials written by other individuals or organizations are presumed to\nremain with them. If you think any of the information displayed in the PDF is subject to a valid\ncopyright claim, please contact the Gerald R. Ford Presidential Library.\nDate Issued 9/3/75\nBy Pat Howard\nRevised\nFACT SHEET\nFORD i LIBRARY GERALD\nMrs. Ford's Office\nEvent Tour/Tea\nGroup Wives of Delegates of the IMF and World Bank Annual Meeting\nDATE/TIME September 4, 1975 2:30 p.m. Tour - 3:15 p.m. Tea\nContact John Gartland and Mrs. Jeffries\nPhone 797-2150 964-5337\nNumber of guests: Total 250\nWomen X\nMen\nChildren\nPlace State Floor_ State Dining Room\nPrincipals involved Mrs. Ford (possible drop-by)\nParticipation by Principal (possible drop-by) (Receiving line) mingle informally\nRemarks required none\nBackground The Delegates of the IMF and World Bank are having their annual meeting\nin Washington, D. C. during this week.\nREQUIREMENTS\nSocial:\nGuest list yes (Mrs. Jeffries to Pat Howard)\nInvitations no\nPrograms no Menus no\nRefreshments yes\nEntertainment no\nDecorations/flowers yes\nMusic yes\nSocial Aides yes\nDress Afternoon Dress\nCoat check no\nOther\n--\nPress:\nReporters TO BE RESOLVED\nPhotographers --\nTV Crews --\nWhite House Photographers yes\nColor yes\nMono.\nOther ---\nTechnical\nSupport:\nMicrophones nc\nPA Other Rooms\nno\nRecording no\nLights no\nTransportation Buses (5) arrive at East Gate for Tour ?\nParking North Grounds\nHousing\n--\nOther\n--\n(Risers,stage,platforms) --\nProject Co-ordinator Pat Howard\nPhone 2927\nSite diagrams should be attached if technical support is heavy.\nTHE WHITE HOUSE\nWASHINGTON\nSeptember 3, 1975\nFORD & LIBRARY GERALD\nMRS. FORD:\nEvent:\nTour/Tea for the Wives of Delegates of the International\nMonetary Fund and World Bank Group Annual Meeting\nDate/Time:\nSeptember 4, 1975 Tour: 2:30 p.m. Tea: 3:15 p.m.\nPlace:\nState Floor\nNumber of\nAttendees:\nApproximately 250 ladies\nPrincipals:\nMrs. William E. Simon, wife of the Secretary of the Treasury\nMrs. Robert S. McNamara, wife of the President of the\nInternational Bank for Reconstruction and Development\nSchedule of\nEvents:\n2:30 p.m.\nYour guests will arrive through the East\nGate and will be escorted on a special tour\nof the White House.\nFollowing the tour, your guests will be\nescorted to the State Dining Room where\nrefreshments will be served to your guests.\n3:15 p.m.\nYou will be escorted via elevator to the\nState Floor where you will mingle informally\nwith your guests.\n3:40 p.m.\nYou will bid farewell to your guests and\nreturn to the Family Quarters.\nNOTES:\nA String Ensemble will be positioned in the\nGrand Hall.\nMilitary Social Aides will be present.\nA White House photographer will be present.\nBackground information is attached.\nGuest list is attached.\nPat Howard\nWHITE HOUSE TOUR - Guest List\nFORD R. LIBRARY\nAASE, W. - Norway\nBELL, T.B.C. - U.S.\nAGUAVIADOR, A. - Philippines\nBELL, B.M. - Andaina\nAKEL, F. to, Yemen Arab Rep.\nBALDWIN - - U.S.A.\nA1-Saghban, N. - Iraq\nBEDROSSIAN, R. - U.K.\nAKUNCI - Turkey\nBOHR - U.S.A.\nAMNA, V. - Western Samoa\nBENGELLOUN (MS.) - Morocco\nAMARAL , O. - Portugal\nBENGELLOUN (Mrs.) - Morocco\nARISTEGUIETA, R. - Venezuela\nBENNETT, Jack F. - U.S.A.\nARREA, M.E. - Costa Rica\nBICALLIO, Celia - Brazil\nALAOUI - Morocco\nBLACKMAN, Gloria - Barbados\nARORA - India\nBRUCE, A.S.\nALI ATTIBA - OAPEC\nBOEUW, G.K. - Canada\nAUDGILD Petersen - Norway\nBREKKE, N. - Norway\nAYARI - Arab Bank for Economic Development in\nAfrica\nAYOUBI, S. - Syrian Arab Republic\nBRENNIER - France\nBARCELON, T.A. - Philippines\nBROWN, V.B. - U.S.A.\nBASAK, A.K. - India\nBROWNE, J. - South Africa\nBATTIWALLA - India\nBURKE, E. - Scotland\nBecause, P. - senegal\nBurgess, R. - U.SA\n- 2 -\nCABELLO, Alba - Spain\nExter, John - U.S.A.\nCALLAGHAN - Australia.\nELESPURU - Peru\nCARAM, Yolanda - Argentina (2)\nEL FIHRI - Morocco\nDE CARVALHO, E.M. - BRAsil\nESPINOSA. I. - Colombia\nCERON - Spain\nFINAIJH, H. - Lybian Arab Rep.\nCHARIF, M. Syrian Arab Republic\nFINCH - Australia\nCHERNICK, Sarra - Canadian\nFOGLIZZO France\nCHESSELL, S. - Australia\nFranco H. E.D.\nCHONG Ngoh - Malaysia\nGACHECHEH M.J. - Kenya\nCLYDESWIR - U.K.\nCONEA, M.B. - Brasil\nGABR E. - Egypt\nDE MIRANDA, J. - Netherlands\nGFANI M. Israel\nDEANE, Lorraine - Commonwealth Secretariat GAREISS H. - U.S.A.\nDEANE - New Zealand\nGANIDIA M. - El Salvador\nDENN, P. - U.K.\nGENIA - Uganda\nDE PALOMO, A.M - Guatemala\nGILMORE Y.- - URUGUAY\nDELMA DE GONZALEZ Central American\nMonetary Céuncil\nGUEN I. - Tunisia\nGUNTER - U.S.A.\nDOUVELLE, 0. - Canada\nHABANANDA - France\nEMMONHEUI, I. - Venezuela\nHABERLER G. - U.S.A.\nERGENEKON, Y. - Turkey\nHapez UAUE? y- Egypt\n- 3 -\nHALL A. - Sweden\nJENE - Senegal\nFORD & GERALD LIBRARY\nHARPHAM R.C. - U.S.A.\nJISKOOT - Holland\nJOHNSON - Sierra Leone\nHASCHEK - Austria\nJOYCE R.K. - Canada\nHAUSLAGE - Germany\nKAMMERT J. - U.S.A.\nHAYDEN W.G. - Australia\nKAPUR - India\nHEALY D. - U.K.\nKARTADJOEMENA R.A. - Indonesia\nHENNIGUEAU - France\nKATABI N. - Syria\nHERMANS H.C.L. - BotswanaHILAIRE CHANETON E.B, - Argentina\nHODJERA I. - Ecuador\nKEARNS H. - U.S.A.\nHORWOOD O.P.E. - South Africa\nKEIDEL G.E. - U.S.A.\nHOOI LAI HOOUG - Malaysia\nKELLY Th. J. - U.S.A.\nHORIE S. - Japan\nKETTANI - Morocco\nHOST-MADSEN - Malawi\nKIINGI M. UGANDA\nMRS. HOWELL W.R. & daughter - U.S.A.\nKJAER H. Denmark\nIMADY E. - Syria\nKORIE\nINOUE U. - Rep. of the Philippines\nRAILI L. - Finland\nJACOBS C.A. Caribbean\nLAMBERT A. - Canada\nJAPHET E. - Israel\nLANEROLLE L. - Sri Lanka\nJARGAS GAVILLANO - - Peru\nLAKOUE - Centrafrique\n- 4 -\nMEOL- U.S.A.\nLANGELAAR - Holland\nMEVLEMANS 1. - Belgium\nLANGER - Germany\nMICHURI J.E. - Kenya\nLAWHER O.T. - U.S.A.\nMORECHI L. - Italy\nLAYCOCK P. - Canada\nMOUASTERIU J.M.U. - Mexico\nLE CLERCK - Belgium\nMUAWANSHIKU L.S. - Zambia\nLEDOUX - France\nMURRAY C.H. Ireland\nLOMAX M. - U.K.\nNEUFELD - Canada\nLOPEEZ SOLDS C. - Nicaragua\nNIANG Senegal\nLOUW-MILLET A. - Belgium\nNIMATALLAH Y.A. - Oman\nMACDONALD N. - Canada\nNORLAND G.E. - England\nMACUJA S. - Philippines\nNYMARK J. - Canada\nMALDONADO^H. - Mexico\nNYREN J. - Sweden\nMcNAMARA, M. - U.S.\nOBELA D. - People Rep. of Congc\nMANAS Spain\nOORT C.P. - Netherlands\nMARAL K. - Turkey\nOYE-MAA - Gabon\nMACHLUP M. - U.S.A.\nPALMER M. - England\nMCLAUGHLIN P.A. Australia\n-\nPEHOUA - Central African Republ\nMcNEIL F. - Enada\nPERRY S. - U.N.\nMEDICI V.A. - Malta\nPERRY S. - New Zealand\nMELVILLE A.G. - U.S.A.\n- 5 -\nPOGNON - Dahomey\nSIGURDS SON L. - Iceland\nPORGES J.M. - U.S.A.\nSIMBA K. - E.A. Community\nPOOCHIDERI J. - Uruguay\nSIMPSON J. - SButh Africa\nREA D. - New Zealand\nSINDIONK M. Philippines\n-\nRENOUVELLES A. - Spain\nSMITH B.H. - New Zealand\nRENOMBO - Gabon\nSPITERI S. - MAlta\nREYES I. - Philippines\nSTANEJA N. - India\nTAGLE m. - Philippines\nREYES M. - PHilippines\nTCHANOUE P. - Cameroun\nRUCGARDSIB - U.K.\nTEMBO R. - Malawi\nLADY RINGADOO - Mauritius\nTILAKARATNA - Sri Lanka\nRIVERA T.R. - Philippines\nTIZARD R.J. - New Zealand\nROSOLES - H. - El Salvador\nTVEDT E. - Norway\nROSANIA L. - Italy\nUNAKUL Thailand\nRYE C.R. - Australia\nUPASANI A. - India\nSACERDOTI E. - Italy\nVAN HUYAATSEN D.P.S. - Sauth Africa\nSANTISTEVAN South America\nVEN DER VALK - Bahamas\nSCHROEDER A. - Uruguay\nTENKATARAMANANAN H. - India\nSCHREIBER H. - Germany\nTOURE, - Mauritania\nSCHWEITZER, Mrs. - Australia\n- 6 -\nWESTERMAN - Australia\nFORD LIBRARY\nWHITAKER N. - Ireland\nWITTEVEEN, L. - Netherlands\nYAMAUCHI H. - Japan\nYOSHIOKE - Japan\nZETTERSTROM U.S.A.\nZINNER G. - Brazil\nZULU G.F.K. - Zambia\nWomen's Program\n1975\nWOMEN'S PROGRAM\nR.S.V.P.\nMonday, September 1\nMonday, September 1\n12:30\nWELCOMING BUFFET LUNCHEON at the World Bank,\nWELCOMING BUFFET LUNCHEON\n701-19th Street, N.W.\nat the World Bank\n(Buses available at the Sheraton-Park Hotel at 12:15)\nfollowed by\nfollowed by\n2:30-4:45\nSIGHT-SEEING TOUR OF WASHINGTON\nSIGHT-SEEING TOUR OF\n(English, French and Spanish speaking guides)\nWASHINGTON\nTuesday, September 2\nTuesday, September 2\n9:30-2:30\nBOAT TRIP TO MOUNT VERNON AND TOUR\nBOAT TRIP TO MOUNT VERNON\nof the first President's home and grounds\nTour and Luncheon\nMrs. McNamara and Mrs. Witteveen, hostesses\nMrs. McNamara and Mrs. Witteveen,\nLuncheon will be served aboard the boat.\nhostesses\nWednesday, September 3\nWednesday, September 3\n9:30-12:30\nINTERNATIONAL WOMEN'S YEAR PROGRAM\nINTERNATIONAL WOMEN'S YEAR\nMain speaker: Mrs. Helvi Sipila, Assistant Secretary\nPROGRAM\nGeneral, United Nations\n(Simultaneous interpretation-French and Spanish)\nWelcome to the Annual Meetings\nSheraton-Park Hotel, Meeting Room No. 4\nPlease choose the activities you wish to attend, indicate your\nchoices on the detachable R.S.V.P., and leave it at the Women's\nThursday, September 4\nThursday, September 4\nHospitality Center in the Sheraton-Park Hotel lobby as soon as\n9:30-12:00\nTOUR OF THE NATIONAL COLLECTION OF FINE ARTS\nNATIONAL COLLECTION OF\nand a special visit with the Director of the Gallery,\nFINE ARTS\npossible.\nDr. J. C. Taylor\nor\nWives from the World Bank Group and the International Monetary\nor\nFund will be present to help you. They will be wearing red badges.\nLanguage assistance will be available.\n9:30-2:30\nBRETTON WOODS RECREATION CENTER\nBRETTON WOODS RECREATION\nSwimming, tennis or golf\nCENTER\nWe look forward to seeing you at these various activities.\nBuffet lunch\nSwimming, tennis or golf\n(underline which) Buffet lunch\nMrs. Robert S. McNamara\nMrs. H. Johannes Witteveen\n2:30-4:00\nHISTORIC TOUR OF THE WHITE HOUSE\nHISTORIC TOUR OF THE\nand\nWHITE HOUSE\nThe Women's Hospitality Committee:\nWorld Bank Group:\nMrs. Claude Isbister\nPlease check both boxes for each activity\nMrs. Donald W. Jeftries\nyou plan to attend. Turn this R.S.V.P. slip\nMrs. E. Peter Wright\nin to the Women's Hospitality Center,\nSheraton-Park Hotel lobby, and keep the\nI.M.F.:\nMrs. C. David Finch\nDocumentary Films: Films of special interest will be shown daily at the Sheraton-Park Hotel.\nprogram for your reference.\nMrs. John W. Gunter\nLook for announcement of titles and times at the Women's Hospitality Center.\nTransportation: All buses will depart from and return to the Sheraton-Park Hotel at the times\nName\nindicated. The only exception will be the buses for the sight-seeing tour on September 1,\nwhich will leave from the World Bank.\nCountry\n1975 ANNUAL MEETINGS, BOARDS OF GOVERNORS\nPersonal Escorts: Volunteers are available for assistance in shopping or making a spe-\nHotel\nWorld Bank Group and International Monetary Fund\ncial visit. Please make your request at the Women's Hospitality Center, indicating language\nSheraton-Park Hotel, Washington, D. C.\nrequirement, if any.\nRoom Number\n1975 ANNUAL MEETINGS, BOARDS OF GOVERNORS\nWorld Bank Group and International Monetary Fund\nINTERNATIONAL WOMEN'S YEAR PROGRAM\nSheraton-Park Hotel-Meeting Room No. 4\nWednesday, September 3, 9:30 a.m.\n\"Reflections on the Status of Women: World's Majority Minority\"\nSPEAKERS:\nHelvi Sipila-Assistant Secretary General of the United Nations. Lawyer. Member of the\nFinnish Delegation to the U.N. since 1966. Responsible for having 1975 declared\nInternational Women's Year. Involved in social and humanitarian matters, the status\nof women, racial discrimination, and human rights.\nEstelle R. Ramey-Scientist. Degrees in chemistry and endocrinology. Leader and active in\nWomen's Rights Movement in the United States. Teacher and researcher. Member of\nthe Commission on Human Resources of the National Academy of Sciences, and\nPresident of the Association of Women in Science.\nTeresa Orrego de Figueroa-Sociologist. Trained in her native Chile and in the U.S.\nWorked in socio-economic organizations and Pan American Health Organization.\nHas many publications on marginality, youth problems and women's participation.\nPushpa N. Schwartz-Economist. Native of India. Concerned with international develop-\nment, women in development. Has been associated with the National Research\nCouncil, National Academy of Sciences, the Commission on International Develop-\nment, and the United Nations.\nVer programa en español al reverso.\nCôté à conserver.\nRemettre au centre d'accueil la partie écrite en anglais.\nPROGRAMME RESERVE AUX DAMES\nLundi 1er septembre\n12h30\nBUFFET DE BIENVENUE au siège de la Banque Mondiale\n(701, 19th Street, NW)\nDépart des autocars de l'hôtel Sheraton-Park à 12h15\nSuivi d'un\n14h30-16h45\nTOUR GUIDÉ DE WASHINGTON\n(guides parlant anglais, français et espagnol)\nMardi 2 septembre\n9h30-14h30\nEXCURSION EN BATEAU A MT. VERNON ET VISITE de la\ndemeure du premier Président des Etats-Unis, en compagnie\nde Mesdames McNamara et Witteveen\nle déjeuner sera servi sur le bateau\nMercredi 3 septembre\n9h30-12h30\nPROGRAMME DE L'ANNÉE INTERNATIONALE DE LA FEMME\nConférencière: Mme Helvi Sipila, Sous-secrétaire\ngénérale aux Nations Unies\n(interprétation simultanée en français et en espagnol)\nHôtel Sheraton-Park, salle No 4\nJeudi 4 septembre\n9h30-12h00\nVISITE DE LA \"NATIONAL COLLECTION OF FINE ARTS\"\n(peintures et sculptures américaines) sous la conduite de\nson Directeur, M. J.C. Taylor\nou\n9h30-14h30\nMATINÉE DE DÉTENTE AU CENTRE DES LOISIRS DE\nBRETTON WOODS (natation, tennis ou golf)\nBuffet\n14h30-16h00\nVISITE GUIDÉE DE LA MAISON BLANCHE\nFilms documentaires: II s'agit de documentaires portant sur divers sujets qui seront projetés\nchaque jour à l'hôtel Sheraton-Park. Les titres de ces films et l'heure des séances seront\naffichés au Centre d'accueil.\nTransport: Tous les autocars partiront de l'hôtel Sheraton-Park et reviendront au même endroit\naux heures indiquées, sauf le 1er septembre, jour du tour guidé de Washington. Ce jour là ils\npartiront du siège de la Banque Mondiale.\nEscortes personnelles: Des dames seront à votre disposition à titre bénévole pour vous accom-\npagner aux points d'intérêt ou dans les magasins. Veuillez faire votre demande auprès des\nresponsables du Centre d'accueil en indiquant, le cas échéant, si vous avez besoin d'une\naccompagnatrice parlant votre langue.\nProgramme en français au verso.\nSirvase guarder esta hoja para su información y entregar la hoja\nen inglés en el Centro de Recepción.\nPROGRAMA PARA LAS SEÑORAS\nLunes, 1° de septiembre\n12:30\nALMUERZO DE BIENVENIDA en la sede del Banco\nMundial, 701-19th - Street, N.W.\n(Los autobuses saldrán del Hotel Sheraton-Park\na las 12:15 horas)\nseguido de una\n2:30 a 4:45\nGIRA TURISTICA DE LA CIUDAD DE WASHINGTON\n(Servicios de guías en inglés, francés y español)\nMartes, 2 de septiembre\n9:30 a 2:30\nEXCURSION EN BARCO A MOUNT VERNON Y VISITA\na la antigua residencia del primer Presidente de los\nEstados Unidos, acompañadas por la\nSra. McNamara y la Sra. Witteveen\nEl almuerzo será servido a bordo\nMiércoles\n3 de septiembre\n9:30 a 12:30\nPROGRAMA SOBRE EL AÑO INTERNACIONAL DE LA MUJER\nPrincipal oradora: Sra. Helvi Sipila, Subsecretaria General\nde las Naciones Unidas\n(Interpretación simultánea en francés y español)\nHotel Sheraton-Park, Sala de Conferencias No. 4\nJueves, 4 de septiembre\n9:30 a 12:00\nVISITA A LA \"NATIONAL COLLECTION OF FINE ARTS\"\ny entrevista especial con el Director, Dr. J. C. Taylor\no\n9:30 a 2:30\nCENTRO DE RECREO BRETTON WOODS:\nNatación, tenis o golf\nAlmuerzo\n2:30 a 4:00\nVISITA ESPECIAL A LA CASA BLANCA\nPelículas documentales: En el Hotel Sheraton-Park se proyectarán diariamente películas de\ninterés especiat. En el Centro de Recepción aparecerán los anuncios con los títulos y horas.\nTransporte: Todos los autobuses saldrán del Hotel Sheraton-Park y regresarán al mismo a las\nhoras indicadas. La única excepción será el servicio de autobuses para la gira turística pre-\nvista el 1 de septiembre, cuyo punto de partida será la sede del Banco Mundial.\nServicios de acompañantes voluntarias: Las señoras que deseen ir de compras 0 realizar\nalguna visita especial podrán contar con los servicios de voluntarias. Se ruega solicitar estos\nservicios en el Centro de Recepción, indicando el idioma preferido.\nBARRETT\nTHE WHITE HOUSE\nWASHINGTON\nFORD LIBRI\n1975 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS\nOF THE\nINTERNATIONAL MONETARY FUND\nAND\nINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT\nSheraton Park Hotel\nTuesday, September 2, 1975\nDeparture: 9:25 A.M.\nFrom: Terry O'DonnelloD\nBACKGROUND\nYou will address the 30th Joint Annual Meeting of the Board\nof Governors of the International Monetary Fund and the\nWorld Bank Group at their meeting Tuesday morning at the\nSheraton Park Hotel. The audience will number approximately\n3,200.\nA background paper prepared by Secretary Simon is attached\nat Tab A.\nSEQUENCE\n9:25 am\nBoard motorcade on South Grounds\nand depart en route Sheraton Park\nHotel.\n9:30 am Opening session of the Annual Meetings\nis called to order.\n-2-\nFORD\n9:37 am\nArrive Sheraton Park Hotel where you\nwill be met by:\nLIDRARY\nMr. Jumersindo Rodriguez (Venezuela),\nChairman of the World Bank\nMr. Alfredo Lafee (Venezuela), Chairman\nof the International Monetary Fund\nMr. Johannas Witteveen (The Netherlands),\nManaging Director of the International\nMonetary Fund\nMr. Robert S. McNamara, President of the\nInternational Bank for Reconstruction\nand Development (World Bank)\nSecretary William Simon\nMr. Dana Brantley, Deputy Secretary of\nthe Annual Meetings\nMr. Nord Schwiebert, General Manager\nof the Sheraton Park Hotel\nOFFICIAL PHOTOGRAPH\n9:40 am\nFollowing the announcement, escorted by\nMessrs. Rodriguez, Lafee, Witteveen,\nMcNamara, Brantley, and Secretary Simon,\nyou proceed through Delegates seating\nto lower rostrum and take your seat.\nNOTE: Messrs. Rodriguez, Lafee,\nWitteveen, and McNamara proceed to\nseats on upper rostrum. Secretary\nSimon proceeds to lower podium.\nOPEN PRESS COVERAGE\n9:42 am\nIntroduction of you by Secretary\nSimon.\n9:43 am\nPresidential remarks.\nFULL PRESS COVERAGE\n9:48 am\nRemarks conclude.\n9:49 am\nEscorted by Messrs. Rodriguez, Lafee,\nMcNamara, Brantley, and Secretary Simon\nproceed through Delegate's seats to\nrear exit.\nNOTE: The escort group will bid\nfarewell at the motorcade.\n-3-\nLIBRARY\n9:55 am\nBoard motorcade and depart Sheraton\nPark' Hotel en route South Grounds.\n10:07 am\nArrive South Grounds.\nOF\nDEPARTMENT THE THE TREASURY\nTHE SECRETARY OF THE TREASURY\nWASHINGTON\n1789\nGERALD\nFORD\nMEMORANDUM TO THE PRESIDENT\nSubject: IMF/IBRD Annual Meetings\nOn Tuesday morning, September 2, you will be addressing\nthe 30th joint annual meetings of the Board of Governors of\nthe International Monetary Fund and World Bank Group. As in\nthe past, these meetings provide an excellent opportunity for\nsenior policy officials to discuss key international economic\nissues. Most free-world nations are members of the two\ninstitutions (they have membership of 127 and 126 countries\nrespectively). Most will be represented by finance ministers\nand central bank governors -- I am the U.S. Governor for both\ninstitutions. The audience will number about 3,200. Brief\nnotes on the purposes and structure of the two institutions,\nand on current issues, are provided below.\nInternational Monetary Fund. The Fund is designed to\npromote international monetary cooperation and the removal\nand avoidance of restrictions on world trade and payments.\nThe Fund provides temporary (3-5 year) balance of payments\nassistance to members to help them adjust to imbalances without\nrecourse to measures destructive of national or international\nprosperity. The Fund's resources derive from the quota\nsubscriptions of its members. National quotas are based on\ncountries' economic and financial strength, and determine\ncountries' voting rights and access to credit. Total quotas\namount to about $35 billion. The U.S., which has the largest\nquota, about $8 billion, has a major voice in the institution.\nThe IMF is governed by a Board of Governors on which\neach country is represented by a Governor and an Alternate\nGovernor. The Board meets once a year and sets general\npolicy. The actual operations are administered by a smaller\nboard of 20 Executive Directors. The five largest members ---\nthe United States, United Kingdom, Germany, France, and\nJapan -- are each represented by an Executive Director; the\nother 15 are elected by groups of countries. The Chief\nExecutive Officer of the Fund is called the Managing Director.\nH. Johannes Witteveen, the current Managing Director, is from\nthe Netherlands.\nFORD\n- 2 -\nCERRITO\nThe IMF's Articles of Agreement constitute the basic\nrules of the international monetary system, and the membership\nin recent years has been concerned with major reform of the\nArticles. Negotiations on two changes of basic interest to\nthe U.S. -- dealing with phasing gold out of the system and\nlegalization of floating exchange rates -- are in process,\nas are discussions on an increase in IMF quotas by about 1/3.\nIn addition, the U.S. will be supporting action in the Fund\nto enable it to better meet the balance of payments financing\nneeds of the developing countries in the present situation.\nWorld Bank Group. The International Bank for Reconstruction\nand Development was created parallel with the IMF in 1945 to\nmake or guarantee loans for productive reconstruction and\ndevelopment projects, primarily using borrowed funds, along\nwith some paid-in capital. The Bank's capital and lending\nrisks are shared by member nations in accordance with their\neconomic strength, in line with quotas in the IMF.\nWhile the Bank's initial focus was on post-war European\nreconstruction, the main work of the Bank today is to lend\nfunds and provide technical assistance for development projects\nin the less developed member countries.\nThe World Bank has two affiliate organizations: the\nInternational Finance Corporation, created in July 1953,\nwhich helps to mobilize private capital and provides risk\ncapital for the establishment, improvement, and expansion\nof private enterprise; and the International Development\nAssociation, established in September 1960, which provides\nloans at low interest rates and long maturities to the poorest\nnations.\nWorld Bank loans are made for specific projects, and\nborrowers must meet certain standards. These include: the\npriority of the project for economic development, its\ntechnical and economic soundness, reasonable assurance that\nthe loan will be repaid and that the project will be well\nmanaged.\nThe President of the World Bank is an American. The\ncurrent President is Robert McNamara. The World Bank has\n126 member countries.\n- 3 -\nIBRARY\nAt present, our main concerns in the World Bank Group\nare to focus its efforts more heavily on private sector\ndevelopment and mineral development -- for which we support\na replenishment of the capital of the International Finance\nCorporation. We are also concerned about the very rapid\nexpansion -- recent and projected -- of World Bank program\nlevels.\nWilliam E. Simon\nTHE WHITE HOUSE\nFORD & LIBRARY GERALD\nWASHINGTON\n1975 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS\nOF THE\nINTERNATIONAL MONETARY FUND\nAND\nINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT\nSheraton Park Hotel\nTuesday, September 2, 1975\nDeparture: 9:25 A.M.\nFrom: Terry O'DonnelloD\nBACKGROUND\nYou will address the 30th Joint Annual Meeting of the Board\nof Governors of the International Monetary Fund and the\nWorld Bank Group at their meeting Tuesday morning at the\nSheraton Park Hotel. The audience will number approximately\n3,200.\nA background paper prepared by Secretary Simon is attached\nat Tab A.\nSEQUENCE\n9:25 am\nBoard motorcade on South Grounds\nand depart en route Sheraton Park\nHotel.\n9:30 am Opening session of the Annual Meetings\nis called to order.\n-2-\nGERALD\nLIBRARY\n9:37 am\nArrive Sheraton Park Hotel where you\nwill be met by:\nMr. Jumersindo Rodriguez (Venezuela),\nChairman of the World Bank\nMr. Alfredo Lafee (Venezuela), Chairman\nof the International Monetary Fund\nMr. Johannas Witteveen (The Netherlands),\nManaging Director of the International\nMonetary Fund\nMr. Robert S. McNamara, President of the\nInternational Bank for Reconstruction\nand Development (World Bank)\nSecretary William Simon\nMr. Dana Brantley, Deputy Secretary of\nthe Annual Meetings\nMr. Nord Schwiebert, General Manager\nof the Sheraton Park Hotel\nOFFICIAL PHOTOGRAPH\n9:40 am\nFollowing the announcement, escorted by\nMessrs. Rodriguez, Lafee, Witteveen,\nMcNamara, Brantley, and Secretary Simon,\nyou proceed through Delegates seating\nto lower rostrum and take your seat.\nNOTE: Messrs. Rodriguez, Lafee,\nWitteveen, and McNamara proceed to\nseats on upper rostrum. Secretary\nSimon proceeds to lower podium.\nOPEN PRESS COVERAGE\n9:42 am\nIntroduction of you by Secretary\nSimon.\n9:43 am\nPresidential remarks.\nFULL PRESS COVERAGE\n9:48 am\nRemarks conclude.\n9:49 am\nEscorted by Messrs. Rodriguez, Lafee,\nMcNamara, Brantley, and Secretary Simon\nproceed through Delegate's seats to\nrear exit.\nNOTE: The escort group will bid\nfarewell at the motorcade.\nA\nLIBRARY\nFORD\n-\nSEATT\nLIBRARY\nFORD &\nGERALD\nOF\nDEPARTMENT THE THE TREASURY\nTHE SECRETARY OF THE TREASURY\nWASHINGTON\n1789\nMEMORANDUM TO THE PRESIDENT\nSubject: IMF/IBRD Annual Meetings\nOn Tuesday morning, September 2, you will be addressing\nthe 30th joint annual meetings of the Board of Governors of\nthe International Monetary Fund and World Bank Group. As in\nthe past, these meetings provide an excellent opportunity for\nsenior policy officials to discuss key international economic\nissues. Most free-world nations are members of the two\ninstitutions (they have membership of 127 and 126 countries\nrespectively). Most will be represented by finance ministers\nand central bank governors -- I am the U.S. Governor for both\ninstitutions. The audience will number about 3,200. Brief\nnotes on the purposes and structure of the two institutions,\nand on current issues, are provided below.\nInternational Monetary Fund. The Fund is designed to\npromote international monetary cooperation and the removal\nand avoidance of restrictions on world trade and payments.\nThe Fund provides temporary (3-5 year) balance of payments\nassistance to members to help them adjust to imbalances without\nrecourse to measures destructive of national or international\nprosperity. The Fund's resources derive from the quota\nsubscriptions of its members. National quotas are based on\ncountries' economic and financial strength, and determine\ncountries' voting rights and access to credit. Total quotas\namount to about $35 billion. The U.S., which has the largest\nquota, about $8 billion, has a major voice in the institution.\nThe IMF is governed by a Board of Governors on which\neach country is represented by a Governor and an Alternate\nGovernor. The Board meets once a year and sets general\npolicy. The actual operations are administered by a smaller\nboard of 20 Executive Directors. The five largest members ---\nthe United States, United Kingdom, Germany, France, and\nJapan -- are each represented by an Executive Director; the\nother 15 are elected by groups of countries. The Chief\nExecutive Officer of the Fund is called the Managing Director.\nH. Johannes Witteveen, the current Managing Director, is from\nthe Netherlands.\n- 2 -\nThe IMF's Articles of Agreement constitute the basic\nrules of the international monetary system, and the membership\nin recent years has been concerned with major reform of the\nArticles. Negotiations on two changes of basic interest to\nthe U.S. -- dealing with phasing gold out of the system and\nlegalization of floating exchange rates -- are in process,\nas are discussions on an increase in IMF quotas by about 1/3\nIn addition, the U.S. will be supporting action in the Fund\nto enable it to better meet the balance of payments financing\nneeds of the developing countries in the present situation.\nWorld Bank Group. The International Bank for Reconstruction\nand Development was created parallel with the IMF in 1945 to\nmake or guarantee loans for productive reconstruction and\ndevelopment projects, primarily using borrowed funds, along\nwith some paid-in capital. The Bank's capital and lending\nrisks are shared by member nations in accordance with their\neconomic strength, in line with quotas in the IMF.\nWhile the Bank's initial focus was on post-war European\nreconstruction, the main work of the Bank today is to lend\nfunds and provide technical assistance for development projects\nin the less developed member countries.\nThe World Bank has two affiliate organizations: the\nInternational Finance Corporation, created in July 1953,\nwhich helps to mobilize private capital and provides risk\ncapital for the establishment, improvement, and expansion\nof private enterprise; and the International Development\nAssociation, established in September 1960, which provides\nloans at low interest rates and long maturities to the poorest\nnations.\nWorld Bank loans are made for specific projects, and\nborrowers must meet certain standards. These include: the\npriority of the project for economic development, its\ntechnical and economic soundness, reasonable assurance that\nthe loan will be repaid and that the project will be well\nmanaged.\nThe President of the World Bank is an American. The\ncurrent President is Robert McNamara. The World Bank has\n126 member countries.\n- 3 -\nAt present, our main concerns in the World Bank Group\nare to focus its efforts more heavily on private sector\ndevelopment and mineral development -- for which we support\na replenishment of the capital of the International Finance\nCorporation. We are also concerned about the very rapid\nexpansion -- recent and projected -- of World Bank program\nlevels.\nWilliam E. Simon"
}