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Signed by Mr. Renato Ruggiero, Director-General of the 澳门六合彩官网资料, and Mr. James Wolfensohn, President of the World Bank, at the World Bank's headquarters in Washington, D.C., the agreement focuses on three main elements. First, it provides the basis for carrying forward the 澳门六合彩官网资料's Ministerial mandate to achieve greater coherence in global economic policy making by cooperating with the World Bank and the International Monetary Fund (IMF). The 澳门六合彩官网资料 Secretariat and the World Bank are expected to consult and exchange views on all matters of common interest.

Second, the agreement calls for improved communication between the two institutions through the exchange and sharing of information, thus ensuring that interests of Members are integral to the thinking of each organization. The 澳门六合彩官网资料 and the World Bank will share access to their respective databases, undertake joint research and technical cooperation activities and exchange reports and other documents.

Third, the Agreement accords observer status to the World Bank and the 澳门六合彩官网资料 to attend meetings of each other's decision-making bodies. Thus, the 澳门六合彩官网资料 may attend the Annual Meetings of the World Bank's Board of Governors and sessions of other appropriate bodies. The World Bank may attend the 澳门六合彩官网资料's Ministerial Conference, the General Council and other relevant committee meetings.

The Agreement provides the 澳门六合彩官网资料 Secretariat with access to World Bank information, including the Bank's Economic and Social Database (BESD) and the World Debt Tables, the World Bank Atlas and World Development Indicators, its Trends in Developing Economies and its African Development Indicators. This information is essential to the work of the 澳门六合彩官网资料's Trade Policy Review Body, the Committee on Trade and Development and the Sub-committee on Least Developed Countries. In turn, the World Bank will have access to the Integrated Database of the 澳门六合彩官网资料 and to 澳门六合彩官网资料 Members' schedules of market access commitments and concessions in goods and services.

This agreement and the one signed in December 1996 between the 澳门六合彩官网资料 and the IMF establish new grounds for cooperation and coherence in global economic policy making, an area where the 澳门六合彩官网资料, the IMF and the World Bank each have distinctive roles.