Announcement of Joint Statement on May 21, 1991

: ... -,: T ll E WORLD DANK Gl?.O UP 1NT.ERNAT10NAL MONET/\IZY rUND -- ~ W/\Sl l l NGTON . D . C. ~0:1 JI Contact: Peter Riddleberger Hernan Puentes (202) 473-1786 (202) 623-7062 .,, JOINT STATEMENT WASHINGTON, May 21, 1991--The Pr es ident of the World Bank and the Managing Director of the International Monetary Fund issued the following statement today: Mr. Rajiv Gandhi's death is a tragic loss for India and for the international community at lar ge . The Bunk and the Fund have long been associated with India's economic development. This will continue. During the recent Interim and Development Committee meetings in Washington in April, an informal meeting of the major donors of the India Consor tium was held to discuss India's economic and financial situation. The Indian authorities said then that they were preparing, in consultation with the Fund and the Bank , a program of corrective policies aimed at strengthening their economy. We will continue to work to that end and thus to provide the basis for support by the Fund, the Bank and all the other members of the India Consortium, which remains strongly committed to India's economic development. Barber B. Conable Michel Camdessus President Managing Director The World Bank International Monetary Fund . .· . . • . i ,L,l l3Jnh: for f,ccumtrudi<"' :,nJ D~ve lop rn ~,11 - I11t1: 11wtit)1 \:il ri,,ance Corporation - The \\l()dcl O:,nk Group co11s1~b of. lnt<. rn.it u . . I . . l , al C ·111 1' t'N Srt 1k111 c: 11t uf lnvt'q nit'nt Di sputes - !i itcrn i•tiL1n,il Dc~elt)pm<'nt As~oc1atll1n - 11tcr11.1 ,c11 • c '- · Multil:11rr:il l11 H:)t111c:11l C11:1r.i 11tec: At; r ncy