. /.   WORLD TRADE ORGANIZATION  
ORGANISATION MONDIALE DU COMMERCE  
ORGANIZACIÓN MUNDIAL DEL COMERCIO  WT/TF/COH/28 
14 October 2008 
 (08-4944) 
 Original:   English/ 
 anglais/  inglés 
 
 
COHERENCE IN GLOBAL ECONOMIC POLICY-MAKING:  WTO  
COOPERATION WITH THE IMF AND THE WORLD BANK 
 
Extracts
1 relating to trade from the communiqués of the Intergovernmental Group  
of Twenty-Four on International M onetary Affairs and Development,  
the International Monetary a nd Financial Committee of the  
Board of Governors of the International Monetary Fund,  
and the Development Committee  
10-12 October 2008  
 
 
 
 
COHÉRENCE DANS L'ÉLABORATION DES POLITIQUES ÉCONOMIQUES 
AU NIVEAU MONDIAL:  COOPÉRATION DE L'OMC AVEC 
LE FMI ET LA BANQUE MONDIALE 
 
Extraits1 relatifs au commerce des communiqués du Groupe intergouvernemental des  
Vingt-Quatre pour les questions monétaires internationales et le développement,  
du Comité monétaire et financier inte rnational du Conseil des gouverneurs  
du Fonds monétaire internationa l et du Comité du développement  
10-12 octobre 2008  
 
 
 
 
COHERENCIA EN LA FORMULACIÓN DE LAS POLÍTICAS ECONÓMICAS  
A ESCALA MUNDIAL:  COOPERACIÓN DE LA OMC CON EL FMI  
Y EL BANCO MUNDIAL 
 
Extractos1 relativos al comercio tomados  de los comunicados del Grupo  
Intergubernamental de los Veintic uatro para Asuntos Monetarios  
Internacionales y Desarrollo, el Comité Monetario y Financiero  
Internacional de la Junta de Gobernadores del Fondo  
Monetario Internacional y el Comité para el Desarrollo  
10-12 de octubre de 2008  
 
                                                      
1In English only./En anglais seulement./En inglés solamente. 
 WT/TF/COH/28 
Page 2  
 
  I. INTERGOVERNMENTAL GROUP OF TW ENTY-FOUR ON INTERNATIONAL 
MONETARY AFFAIRS AND DEVELOPMENT, COMMUNIQUÉ, 10 OCTOBER 2008 
Extracts:   
 
 While energy and commodity prices are down from their all-time highs, Ministers noted that 
they are likely to remain high by historical st andards. They underscored that increased biofuels 
production in advanced countries supported by subs idies, mandates and tariffs on imports, speculative 
activities and increased production costs have booste d food prices. Ministers expressed concern about 
the severe impact that high food  and fuel prices is having on the balance of payments, budgets and 
domestic prices of developing countries, especially the poor. Ministers observed that present 
circumstances add urgency to resuming talks and achieving a successful pro-development conclusion 
of the Doha Round, and urged developed countries to eliminate subsidies and trade barriers, including 
on biofuels, that are hurting the agricultural sector and the poor in developing countries. 
 
 Ministers stressed the urgency of resuscitating the WTO trade talks with tangible 
commitments by developed countries to eliminate ag ricultural subsidies and improve market access.  
.....    
II. INTERNATIONAL MONETA RY AND FINANCIAL COMMITTEE OF THE BOARD 
OF GOVERNORS OF THE INTERNATIONAL MONETARY FUND – 
COMMUNIQUÉ, 11 OCTOBER 2008 
Extract:  Annex – Supporting Growth and Tackling Global Changes 
 
 Progress toward a more multilateral trading system  has never been more important given risks 
to global growth. The Committee therefore calls on members to resist protectionist pressures, and 
reiterates its strong support for a prompt and amb itious conclusion of the Doha Development Round 
of trade negotiations.   
III. DEVELOPMENT COMMITTEE – COMMUNIQUÉ, 12 OCTOBER 2008 
Extract: 
 
We called for:  .....;  maintain ing and building upon the system of open international markets, 
including completing the Doha Development Round and delivering increased aid for trade. ..... 
 
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