Washington, D.C., September 25, 2005 — The World Bank/IMF Development Committee announced today that Colombia's Minister of Finance and Public Credit, Alberto Carrasquilla Barrera, has been selected as its new Chairman. He replaces Mr. Trevor Manuel, Minister of Finance of South Africa.
Minister Carrasquilla has a distinguished record of service and achievement at home and on the international scene. He has been Minister of Finance and Public Credit of Colombia since 2003. He was Deputy Minister of Finance from 2002 to 2003 and Deputy Governor of Banco de la República (Colombian Central Bank) from 1993 to 1998. From 2000 to 2002, he served as Dean of the Economics School, Universidad de los Andes.
The Development Committee's 24 Members - mostly Finance or Development Ministers - represent the full membership of the Bank and the Fund. The Committee's mandate is to advise the Boards of Governors of the Bank and the Fund on critical development issues. The next meeting of the Committee will be held on April 23, 2006, in Washington, DC.
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