Catalog

	Table of Contents
p. 4 of 9 BACK | NEXT I. Introduction II. Strengthened Bank Representation in Donor Countries III. Bank Representative Offices in Donor Countries IV. Bank Resident Representation for Europe, Japan and North America V. Representation of Other Multilateral Financial Institutions in Donor Countries VI. Proposal for a North American Representative Office VII. Cost of the Bank's Representative Office in North America VIII. Organizational Arrangements IX. Recommendations

Bank Representative Offices in Donors Countries: Establishment of a North American Office

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IV. Bank Resident Representation for Europe, Japan and North America

20. Europe, Japan, and North America provide substantial policy leadership and financial resources to the Bank. Moreover, while the various donor members often share or hold similar positions in respect of Bank policy and operations, each has a distinctive view on the role of the Bank as an appropriate and effective means for addressing or serving its interests in the Asian and Pacific region. In this context, there is a need for balance in Bank resident representation in donor countries. Therefore, it is considered appropriate that the Bank should prepare for its resident representation in Nor1h America and plan for similar representation in Europe and Japan, with allowance for variation in the scope and scale of resident representation in each, as appropriate.

21 . In light of the preceding and in recognition that the Bank has adopted the practice of establishing resident offices in the DMCs in a staggered manner, as well as on budgetary considerations, it is proposed to open a North American Representative Office (NARO) in Washington, D.C. in mid-1995. Subject to fur1her consultation with Board members as well as Board approval, representative offices in Europe and Japan should be established in 1996. The proposed location for the office for Europe would be determined on the basis of further consultation with relevant members of the Board.

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