RESTRICTED
WORLD TRADE WT/GC/W/42/Add.2
4November 1996
ORGANIZATION(96-4626)
AGREEMENTS BETWEEN THE WTO AND THE IMFAND WORLD BANK
Addendum
Budgetary Implications oftheIMF/World Bank Agreements
Secretariat Estimate
1. Under present operating procedures, itisanticipated thattheadditional annual costnecessary
forimplementation oftheWTO Agreements withtheIMFandtheWorld Bank would be
SF46,000. Thisfigure could bereduced depending onhowalternative possibilities areused.
2. Estimates arebased onaWTO needtobeinWashington 10times ayeartoattend IMFand/or
World Bank Executive Board orother meetings. These are:twomeetings oftheInterim and
Development Committees; twosessions ontheIMF'sWorld Economic Outlook; ameeting
ontheBank'sDevelopment Report; aregional trademeeting ateither theBankorFund Board;
andfourcountry discussions ateither Board.
3. Were all10occasions tobemetbymission travel fromGeneva toWashington, thecostwould
beintheorder ofSF57,500. Ofthisamount, about SF11,500 isalready budgeted for
attendance attheInterim andDevelopment Committees, andsome funds areforeseen under
non-earmarked official travel forother visits thatmayarise. Thecostofimplementation for
1997 isthusestimated atsome SF46,000. Anadditional option could beforsome budget
funds tobeshifted from other areas ofplanned expenditure.