John Hegarty, World Bank, and Reinhard Priebe,
European Commission, address the Conference
The World Bank hosted a one-day REPARIS conference in Brussels on Wednesday, June 30, 2004, in close cooperation with the European Commission and with the participation of Ministers of Finance and their designates, to discuss REPARIS. The key objective was to share with participating countries/entities the requirements for developing a sound corporate financial reporting infrastructure. This is essential not only for generating private sector growth, but is also a requirement for joining the European Union. REPARIS has been developed by the World Bank in close cooperation with the European Commission, the Organization for Economic Co-operation and Development (OECD), the private sector, and multilateral and bilateral partners.