The Board meets once a year (the Annual General Meeting). The Interim Committee of the Board of Governors is an advisory board and has 24 members (one for each constituency). This Committee meets twice a year and advises the Board of Governors on major policy issues.
South Africa’s Minister of Finance was elected in October 1998 to represent the English Speaking Group of African countries on the Interim Committee for the next two years. There is also a Development Committee, constituted on the same basis as the Interim Committee, but with the task of advising the Fund and the World Bank on developmental issues.