A Changing Global Economy, A Changing IMF(拉加德东京年会年会致辞：前路展望)(中英对照)_土耳其global矿业公司

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Annual Meetings Speech: The Road Ahead—A Changing Global Economy, A Changing IMF 年会致辞：前路展望——日益变化的全球经济，不断改变的基金组织

Christine Lagarde, Managing Director, International Monetary Fund 国际货币基金组织总裁 克里斯蒂娜·拉加德

Tokyo, Friday, October 12, 2012

东京，2012年10月12日

Introduction—the World Comes to Japan 引言——四海共聚于日本

Ohayo gozaimasu—good morning!Ohayo gozaimasu——上午好！

Mr.Chairman, governors, honored guests: on behalf of the International Monetary Fund, let me welcome you all to these Annual Meetings.Tokyo e yokoso!主席先生，各位理事，尊敬的各位来宾：首先，我谨代表国际货币基金组织，欢迎各位莅临本届年度会议。东京欢迎您（Tokyo e yokoso）！

Let me acknowledge and thank His Imperial Highne, Crown Prince Naruhito, for being with us this morning.We feel deeply privileged by his presence.I would also like to thank our Japanese hosts for their incredible hospitality.And let me bid a very warm welcome to my friend President Jim Kim, who is taking part in his first Annual Meetings.I know how he feels—I was in his shoes last year!

我感谢皇太子徳仁亲王今天上午出席我们的会议。对于他的到来，我深感荣幸。我想要感谢日本主办方的盛情款待。同时，也请允许我向我的朋友金墉行长致以诚挚的欢迎。这是他首次出席年会，我可以体会他此刻的心情——去年的这个时候，我也有着同样的心情！

When the Annual Meetings were last held in Tokyo, back in 1964, Japanese Prime Minister Hayato Ikeda said that “the vital challenge which we all face, whether domestically or internationally, is to promote stable economic growth and reduce the disparity between the rich and the poor.” As the old saying goes: the more things change, the more they stay the same(plus ça change, plus c’est la même chose).上一次在东京举行年会是在1964年。那届年会上，日本首相池田勇人曾说过：“我们所有人面临的一个重大挑战是，要推动经济稳步增长，并缩小贫富差距，无论在国内还是在国际层面上均如此。”而俗话说得好：变化越多，越容易保持永恒

Japan has come a long way since 1964.从1964年至今，日本走过了漫长的路程。

I have just returned from Sendai, the scene of last year’s devastating earthquake and tsunami.The scene of so many lost lives, so many shattered dreams.And yet I saw a city born anew.I saw firsthand the amazing efforts of the Japanese people in rebuilding their country and their lives.I saw courage and confidence.我不久前刚刚去过仙台，那个城市在去年遭受了地震和海啸的摧残。在那里，如此多的生命被扼杀，如此多的梦想被击碎。但是这一次，我看到了一个焕然一新的城市。我亲眼看到日本人民为重建家园、挽救生命付出的巨大努力。我看到了勇气和信心。

It is an inspiration to the world.They understood what we must all understand—only by standing together as one can we overcome the turmoil of today and improve our collective future.这是对全世界一个莫大的鼓舞。他们所了悟的也正是我们所有人都应清楚的一个道理——只有万众一心，携手共进，我们才能平复今日的动荡，改善我们共同的未来。

This morning, I would like to share some sense of what that future might look like—for the global economy, the IMF, and all of us.在这里，我想谈谈自己对这个未来世界的一点看法，它关乎全球经济，关乎基金组织，也关乎我们所有人。

And so I will talk about three things: 因此，我要谈谈三方面问题：

A.The pace and scale of change in the global economy;全球经济变化的速度和规模；

B.Navigating the road ahead;如何向前路挺进；

C.My sense of the Fund for the future.我对未来的基金组织的看法。

A.World in Flux—Big Sweeping Changes A.风云变幻的世界——席卷全球的巨大变化

As we grapple with the great changes happening around us, perhaps we can learn from the 1964 Tokyo Annual Meetings.我们在奋力应对周遭的巨大变化时，或许可以从1964年的东京年会中得到一些启发。

Back then, the members who gathered here stood on the cusp of a bright new world, a golden era.Japan was in the midst of an economic rebirth and the global economy was roaring ahead.在那时，汇聚于此的成员国正处在一个美好新世界的巅峰上，一个黄金时代正在它们眼前铺展开来。日本的经济正在浴血重生，全球经济也在不断轰鸣向前。

Just look at how far we have come.Look at the remarkable rise in living standards, measured by real GDP per capita: nearly 3½ times higher for the world, 4 times higher for Japan, a stunning 9½ times higher for emerging Asia.World trade volumes are 16 times higher.And, led by China, half a billion people in Asia alone have pulled themselves out of poverty over the past few decades.且看一看我们的成就吧。先看看生活水平的大幅提升，若以人均实际GDP来衡量，全世界几乎上升了3.5倍，日本上升了4倍，亚洲新兴经济体则上升了9.5倍，多么令人惊叹的数字！再看看世界贸易量，如今已增加了16倍。另外，过去几十年里，在以中国为首的亚洲国家中，已有5亿人口脱离了贫困。

As we look ahead today, our world is being reshaped once again by a number of big megatrends.如今，当我们展望未来时，我们的世界正在诸多重大趋势中得到重新塑造。

Big demographic changes are taking place: vast numbers of young people in rising economic regions;graying populations in advanced and major emerging economies;and more and more women participating in the economy.By 2035, Africa will have the world’s largest labor force of more than a billion people—more than India or China.But by then, there will also be more than a billion people aged over 65 in the world.人口构成正在发生巨大改变：在逐渐崛起的经济地区，青年人口数量巨大；在先进经济体和主要新兴经济体，人口日趋老龄化；参与经济活动的妇女数量与日俱增。到2035年，非洲将拥有世界最大的劳动力市场，劳动人口将超过10亿——多于印度或中国。但是到那时，全世界65岁以上人口也将超过10亿。

Economic power is spreading from west to east, and prosperity has begun to move from north to south.Emerging markets and developing economies now account for half of world GDP, up from a quarter in 1964.经济实力正由西向东扩散，经济繁荣正开始从北向南转移。如今，在全世界GDP中，新兴市场和发展中经济体已占到一半的比重，而在1964年，其比重仅有四分之一。

The communications and technology innovations are propelling our economies and societies to ever-greater heights.An infinity of interconnections binds us together, opening up a portal of a billion poibilities for every one of us.Today, nearly 3 billion people are connected to the internet—truly a worldwide web.通讯和技术革新在不断推升经济和社会发展。数不尽的纽带将我们联结在一起，为每一个人开启了一扇通往无数可能的大门。今天，有将近30亿人与互联网相连——这的确是一个名符其实的万维网。

In short, the sands of the global economy are shifting.总之，全球经济的流沙正在不断漂移。

The strength and dynamism of Asia is obvious.This also holds true for other emerging regions.When I was in Brazil earlier this year, for example, I witneed a female president, Dilma Roueff, absolutely determined to pursue inclusive growth and push forward her agenda of reducing inequality.We can learn a lot from those regions that had their time of trauma.亚洲呈现了明显的实力和活力。这种实力和活力在其他新兴地区也是同样存在的。比如，今年早些时候，我在出访巴西时了解到，巴西女总统迪尔玛∙罗塞夫已下定决心，要实现包容性增长，并不断推进减轻不平等方面的日程。我们能从那些经历过创伤的地区学到很多。

Europe too is going through a historical proce of integration, however laborious.Yes, the Eurozone is being severely tested, and it must keep pushing ahead with implementing the policy initiatives it has announced.But we should also recognize that deeper banking and fiscal integration, alongside deep-seated structural reforms, will fortify its economic foundations and lay the groundwork for a stronger and more resilient union in the future.欧洲也在经历一体化的历史进程，而这是一个艰难的过程。的确，欧元区正在经受严峻的考验，必须要落实其宣布的政策倡议，不断向前推进。但我们还应当认识到，银行业和财政一体化程度的加深，再加上深层次的结构性改革，将增强该地区经济基础，为在将来建设一个更强大、更有抵御能力的联盟铺平道路。

The Middle East, too, is transforming.And yes, the road ahead will be fraught with difficulty.But with commitment, and with external support, I am confident that the promises of the Arab transformation will shine through as a beacon of hope.When I met with President Morsi of Egypt, he spoke to me of his resolve to pursue ambitious economic reforms underpinned by strong and democratic institutions, and he is delivering.中东地区也在不断转变。前进的道路确实会困难重重。但我相信，只要有了决心，有了外部的支持，阿拉伯国家转型的前景将成为我们的希望之光。在我与埃及总统穆尔西会晤时，他向我表达了坚定的决心，即，要在强有力的民主制度的基础上推进目标远大的经济改革。他正在履行这一承诺。

Sub-Saharan Africa is also breaking through—growing strongly and steadily after decades of stagnation.Of course, there is still a long way to go to win the long war against poverty.But old stereotypes are fading fast, with the rise of fast-growing “frontier markets” attracting lots of outside interest.Look at Nigeria, a country I visited earlier this year.This is a country that for many years squandered its inheritance of oil riches, but now is growing impreively—helped by dynamic reforms and strong leadership.撒哈拉以南非洲地区也取得了突破性进展——在长达几十年的停滞之后，这一地区出现了强劲、稳定的增长。当然，要想打赢抗击贫困的持久战，还有很长的路要走。但是，旧时的成见在快速消退，“前沿市场”的崛起和飞速增长又引来了大量的外部关注。我们来看一下尼日利亚的情况。我曾在今年早些时候出访过该国。很多年以来，该国一直都倚仗着丰富的石油资源，而如今，它正以令人赞叹的速度不断增长——这得益于充满活力的改革和强有力的领导。

These changes are shaping our future.这些变化正在塑造我们的未来。

But there are big challenges as well.We must not get carried away.As you will have seen from our forecasts, the global recovery is still too weak.Job prospects for untold millions are still too scarce.The gap between rich and poor is still too wide.但我们也面临着重大的挑战。我们决不能沾沾自喜。正如我们的预测所反映的那样，全球复苏仍极为脆弱。几百万人口的就业前景仍极为渺茫。贫富差距仍极为悬殊。There is a tough road ahead to turn our optimism into reality.要想将我们的乐观期待变为现实，我们还要经历一段艰辛的旅途。

B.Navigating the Road Ahead B.向前路挺进

This brings to me to my second point—how do we succefully navigate that road? How do we manage this change?

由此，我要谈谈第二点——如何才能顺利走过这条道路？我们应如何应对这一变化？

I see three milestones: 我认为，应实现三个具有里程碑意义的目标：

• Putting the crisis behind us;

摆脱危机困境；

• Completing reform of the financial sector;and

完成金融部门改革； 

• Addreing inequality and building inclusive growth.解决不平等问题，实现包容性增长。

Putting the crisis behind us 摆脱危机困境

The first priority, clearly, is to get beyond the crisis and restore growth—especially to end the scourge of unemployment.显然，我们首要的目标就是要摆脱危机的困扰，恢复经济增长——特别是要终结就业危机。

We know the package of policies that can get us there: accommodative monetary policy;the right pace of fiscal adjustment, mindful of not undercutting growth but with solid and realistic plans to bring debt down over the medium term;finishing the banking sector clean-up;and structural reforms to boost productivity and growth.All of this should be complemented by a rebalancing of global demand toward the dynamic emerging markets.我们清楚可以通过哪些政策来实现这个目标：采取宽松的货币政策；以适当步伐进行财政调整，同时注意不妨碍经济增长，但要通过坚实的、符合实际的计划在中期内降低债务水平；完成银行部门的清理整顿；开展旨在促进生产力和增长的结构性改革。在采取这些政策的同时，还应当恢复全球需求的平衡，使之更多地面向充满活力的新兴市场。

Let us not delude ourselves: without growth, the future of the global economy is in jeopardy.我们决不能自欺欺人：如果没有增长，全球经济的未来就会岌岌可危。

Perhaps the greatest roadblock will be the huge legacy of public debt, which now averages almost 110 percent of GDP for the advanced economies—the highest level since World War II.This leaves governments highly exposed to subtle shifts in confidence.It also ties their hands, especially as they seek to build the infrastructure of the 21th century while respecting social promises.The needs of rapidly aging populations will add to these preures.或许，最大的障碍是遗留下来的巨额公共债务，在先进经济体，公共债务平均已接近GDP的110%，这是自二战以来的最高水平。在此情况下，市场信心稍有波动，政府就会受到极大的影响。巨额公共债务也束缚了政府的手脚，特别是当它们试图建设21世纪基础设施并履行社会承诺之时。而快速老龄化人口的需求又将加重这些压力

One leon is clear from history—reducing public debt is incredibly difficult without growth.High debt, in turn, makes it harder to get growth.我们可以从历史中得到一个明确的教训——若无经济增长，公共债务的缩减便将极难实现。而高债务水平又会给增长带来更多障碍。

The road ahead of us is narrow and long.我们前方的道路是狭窄而漫长的。

The key now is to move from deliberation to action on the policies we know are needed, and to move together and on all fronts.We are multiple players, but it is a single game—a game of increasing complexity that can be a positive-sum game.当前的重点是，要将思考转变为行动，真正落实我们认为必要的政策，在所有领域共同采取行动。这是一场多方参与、目标一致的游戏——一场越来越复杂、但各方最终都受益的游戏。

A better financial system 改善金融体系

My second milestone is a better financial system.We know that it is crucial to the modern global economy.第二个里程碑性的目标是要改善金融体系。我们知道，这一点对于当代全球经济而言至关重要

But we need to move beyond the system that gave us the crisis—a financial sector where some, as the ancient Greeks might say, toyed with hubris and unleashed nemesis.但我们的行动需要超越这个给我们带来危机的体系，按古希腊人的话来说，这个体系充满了狂妄自大和肆意的天罚。

Today, despite some progre, the system is not yet much safer than at the time of Lehman.It is still too complex;activities are still too concentrated in large institutions;and the specter of too-important-to fail still haunts the sector.Continuing excees and scandals show that the culture has not really changed.当前，尽管已有些许进展，但与雷曼事件时期相比，这个体系的安全程度并未显著增强。体系本身仍过于复杂；体系内的活动仍过度集中在大型金融机构中；“太重要而不能倒闭”的问题仍像幽灵一样逡巡于整个金融部门。持续不断的过度做法和丑闻都在说明，我们的金融文化并未真正改变。So, as a matter of urgent priority, we must complete the agenda of financial sector reform: better regulation, better supervision, better resolution of cro-border entities, sensible incentives in financial institutions, and a level playing field for the sector.因此，我们必须将金融部门改革作为最紧迫的工作，早日完成改革日程：改善管理，改善监督，改善跨境实体的破产解决方式，建立金融机构有效的激励机制，为该部门创造公平的竞争环境。

We are making progre, especially on the Basel III agenda for better capital and liquidity buffers.But I fear that we are losing momentum, both on implementing the agreed reforms and on making more progre in areas like derivatives, shadow banking, and too-important-to-fail institutions.我们正在不断取得进展，特别是在有关加强资本和流动性缓冲的“巴塞尔III”日程下的进展。但我担心，无论是实施既定改革，还是就衍生品、影子银行和“太重要而不能倒闭”机构等问题进一步探索，这一势头在逐渐减弱。

Many in the industry are concerned about the costs of new regulations.Are these concerns valid? A recent IMF study shows that better regulation will nudge bank lending rates up, but by relatively little.We also found that increasing capital buffers to appropriate levels helps growth, not hurts it.Reforming financial sector taxation can also help reduce exceive risk-taking and leverage.业内很多人士都对新监管规定成本的问题忧心忡忡。这些担忧是否必要呢？基金组织近期的一项研究表明，更好的监管将推升银行贷款利率，但幅度相对较小。我们还发现，如将资本缓冲增加到适当水平，将有助于增长，而非遏制增长。对金融部门税收进行的改革也可能有助于减少过度冒险和杠杆化做法

The bottom line is that the costs of reform are affordable.The costs of complacency are not.We have been there.只要改革的成本是可负担的，就没有超出我们的底线。但自满带来的成本却远非如此。我们曾经有过那样的经历。

One further point: the financial system can help ease the transition to more balanced global growth.Right now, emerging Asia accounts for about a third of world savings.Developing local financial markets can redirect more of these savings into emerging Asia’s own backyard—to the people on the edge of prosperity who need it most.另外还要说明的一点是，金融体系可能有助于推动向更均衡的全球增长的转变。目前，在世界总储蓄中，亚洲新兴经济体的储蓄量约占三分之一。通过开发本地金融市场，亚洲新兴经济体可以将更多的储蓄转移到自己的后院，即，转移到那些处于繁荣边缘、最需要这些资金的人们的手中。

Inequality and inclusive growth 不平等和包容性增长

This brings me to my third milestone: inequality and the quality of growth in our future world.Really, this is about the human dimension of policymaking.我接下来要谈谈第三个里程碑性的目标，针对的是未来世界中的不平等问题和增长的质量。事实上，这与政策制定中人的因素有关。Growth is eential for the future global economy, but it must be a different kind of growth.A growth that is not simply the fallout from unfettered globalization.A growth that is inclusive.增长是未来全球经济的关键所在，但它必须是另一种形式的增长。这种增长并非仅是不受约束的全球化进程的结果。它应是包容性的。

Recent IMF research tells us that le inequality is aociated with greater macroeconomic stability and more sustainable growth.This has profound policy implications.基金组织的近期研究告诉我们，不平等程度的减轻将带来更稳定的宏观经济和更可持续的增长。这里包含着深刻的政策启示。

It means focusing on efficiency but also keeping equity in mind when setting fiscal policy.It means fairne in sharing the burden of adjustment, and protecting the weak and vulnerable.It means better financial inclusion, so that all have acce to credit and financial markets.It means better transparency and governance, so that the doors of opportunity are open to all—and if they close, one knows why.它意味着，在制定财政政策时，重点是效率，同时也要关注平等问题。它意味着，在共担财政调整负担、保护脆弱和易受影响群体的过程中，要注意实现公平。它意味着，应增强金融包容性，以使所有人都可以进入信贷和金融市场。它意味着，要加强透明度，完善治理，以确保机会的大门向所有人敞开——如果这扇门关上了，我们知道是为什么

So again, three points on which our future global economy will turn: getting beyond the crisis, improving the financial system, building a new kind of growth.所以，我想再强调一遍，未来的全球经济将有赖于三个目标的实现，即：摆脱危机困境，改善金融体系，实现新形式的增长。

C.The Future IMF—Serving our Members in the New World C.未来的基金组织——在新世界里服务于我们的成员国

What does all of this mean for the future of the IMF? 这些对于基金组织的未来意味着什么呢？

Transcending everything I have said so far is the need for greater cooperation.A world that is bound together must be a world that works together—a world that, in the words of the great Indian poet Tagore, “has not been broken up into fragments by narrow domestic walls”.在我之前所说的一切之上，是对加强合作的呼吁。一个紧密相连的世界同时也须是一个紧密合作的世界——正如伟大的印度诗人泰戈尔所言，这样的一个世界“没有被狭隘的国家围墙分割开来”。

So while multilateral institutions were important in the past, they are even more important for our future.所以，在过去曾产生重要影响的多边机构也将在未来发挥更重要的作用。

And the IMF is a premier forum for this kind of global cooperation.而基金组织将成为开展此类全球合作的一个重要的论坛。

This crisis has changed us—new approaches, new tools, new relevance.The key contours of the future IMF are emerging—but they are built on our past and what we were mandated to do by our founders.这场危机改变了我们——新方法、新工具、新经验。基金组织的未来轮廓正逐渐浮现出来，但是，这建立在以往的成就之上，建立在基金组织创立者向我们赋予的职责之上。

So what should the Fund look like for the future? 那么，未来的基金组织是什么样的呢？

First off: the IMF must always be a trusted adviser.首先：基金组织应始终是一个可信赖的顾问。

Advice is sometimes difficult—both giving and receiving!Over the past year, we made a number of big judgment calls—some controversial.The call to recapitalize European banks;the call for a larger European financial firewall;the call for a more balanced approach to fiscal adjustment;the call for urgent attention to the fiscal cliff.These were tough calls, but it is our job to make them—to be an objective, independent arbiter of economic iues, especially during hard times.有时，无论是提供建议还是接受建议，都并非易事。过去一年里，我们提出了很多项事关重大的要求——某些还引发了争议。包括：要求对欧洲银行注资；要求扩建欧洲金融防火墙；要求以更均衡的方式进行财政调整；要求对财政悬崖问题给予迫切关注。提出这些要求并不容易，但这却是我们的职责所在——我们应当是一个客观、独立的经济问题仲裁人，在经济困难时期尤为如此。

Now the Fund must push ahead and adapt even more to the shifting realities and priorities of the modern global economy, the world of vast interconnections.So we are focusing more than ever on economic and policy spillovers—how what happens in one country affects others.如今，基金组织须继续前行，更好地适应当今全球经济不断变化的现实和重点，更好地适应这个高度交织的世界。所以，我们将比以往更加注重经济和政策的溢出效应，也就是说，一个国家的动向会如何影响到其他国家。

Our new Integrated Surveillance Decision, for example, will help cro-fertilize country-level and global surveillance, shining a light on cro-border effects.Our new External Sector Report sharpens our aement of policies from a multilateral perspective, including exchange rates.And our new Financial Surveillance Strategy substantially strengthens our focus on a sector that is at the very heart of national and global stability concerns.比如，我们新出台的综合监督决定将使国家层面与全球层面的监督彼此促进，同时重点关注跨境效应。我们新一期的《对外部门报告》强化了多边视角下的政策评估，包括对汇率政策的评估。我们新制定的金融监督战略将极大增强我们对金融部门的关注，凸显出这一部门作为国家和全球稳定问题之核心的重要地位。

Second: the IMF must have the resources neceary to stand by its membership in this world of interconnections.其次：在这个紧密相连的世界里，基金组织须拥有必要的资源以向其成员国提供支持。

So far during the crisis, we have committed $540 billion and disbursed $157 billion in 126 lending programs—57 non-conceional, 69 conceional.We are helping all kinds of countries with all kinds of problems—financing to help adjustment and transition, insurance to prevent contagion and certify good policies.And we are doing so with more flexibility and sensitivity to social conditions—for example, by calling for a longer period of fiscal adjustment in some countries.自危机爆发至今，我们已做出5400亿美元贷款的承诺，并已向126项贷款计划拨付了1570亿美元。这些贷款计划中，有57项是非优惠贷款，69项是优惠贷款。我们将帮助不同的国家解决各类不同的问题——为调整和转型提供融资支持，为防范危机蔓延提供保险，以及认证良好政策等等。面对复杂的社会状况，我们的行动有了更高的灵活度和反应度——例如，我们已要求某些国家延长财政调整时间。

Your decision earlier this year to boost our resources by $456 billion is a huge vote of confidence in the Fund, bringing our total lending power to over $1 trillion.And recently, using windfall profits from gold sales, you have also come through for the low-income countries—ensuring that we have enough resources in our Poverty Reduction and Growth Trust for conceional lending in the years to come.你们在今年早些时候做出了4560亿美元的增资决定，这是你们向基金组织投出的一张极有份量的信任票，我们的总贷款能力由此增加到了1万亿美元以上。最近，通过利用黄金出售意外利润，你们又成功地为低收入国家提供了资金保障——确保我们在未来几年里有充足的资金提供减贫与增长信托项下的优惠贷款。

Rest aured, your investments will be put to good use—helping to end crises, to prevent crises, to reduce the human costs of crises.请放心，你们的出资必将用于其应有的目的——它将有助于终止危机、防范危机、减少危机带来的人的成本。

A final but crucial point about the Fund for the future: it must truly reflect global ownership.关于未来的基金组织，还有最后一点，但也是极为重要的一点：它必须真正反映出全球共有的性质。

We need an IMF that represents the world, looks like the world, and in which the world finds a safe and comfortable home.我们所需要的基金组织应该能代表全世界，反映出全世界面貌，并为全世界人民提供安全、舒适的归宿。

In this context, the reforms agreed in 2010 represent the biggest governance change in our history.As a result: 6 percent in quotas will shift to the dynamic emerging and developing countries, or 9 percent in total since the start of the previous 2006 reform.For the first time, Brazil, China, India, and Ruia will all be among our top ten shareholders.For the first time, for any international financial institution, we will have an all-elected Executive Board.因此，在2010年商定的各项改革是我们有史以来最重要的治理改革。改革的结果：有活力的新兴和发展中国家的份额将增加6%，或者说，自此前2006年改革启动至今，份额总体增加幅度将达到9%。巴西、中国、印度和俄罗斯均首次位居前十大股东之列。我们的执董会成员将全部由选举产生，这一制度在所有国际金融机构中还是前所未有的。

The good news is that we have made great progre toward this reform.We have reached most of the major milestones—over 75 percent of consents for the quota increase, more than 120 countries for Board reform.Now we must push ahead to get the 85 percent of voting power required to complete the Board reform and the 2010 package.令人欣慰的是，我们已朝着这一改革方向取得了长足的进展，实现了大部分具有里程碑意义的主要目标——超过75%的成员国已同意了份额增资，超过120个成员国已同意了执董会改革。如今，我们须进一步推进这一举措，为执董会改革和2010年一揽子改革方案的实施获得85%表决权的同意

We can see the finish line.It is close, and today—here in Tokyo—I am again urging our membership to reach it.我们已经能看到终点线了。它就在不远处，而今天，站在这里，我要再次敦促各成员国向着这一终点继续奋进。

Mr.Chairman, Governors: this is the IMF we have been building, and will continue to build, with your support.It is yours.An IMF for all seasons and all peoples.A servant of the membership, of the world, of the people.主席先生，各位理事：这就是我们在你们的支持下努力构建并将不断巩固的基金组织。这是你们的基金组织。一个陪伴所有人度过所有不同时期的基金组织。它将服务于所有成员国，服务于全世界，服务于全人类。

Conclusion: The Spirit of Tokyo—Cooperation 结论：东京精神——合作精神

As I conclude today, let me thank and pay tribute once again to our Japanese hosts.Japan is truly the champion of multilateralism and global cooperation.It is a friend of the IMF, and we are now celebrating 60 years of partnership.在我结束今天的讲话之前，请允许我再次向日本主办方致以诚挚的谢意和敬意。日本是当之无愧的多边主义和全球合作楷模。它是基金组织的朋友，我们双方的合作关系如今已走到了第60个年头。

Let me expre my deep appreciation to the magnificent, world cla, staff of the IMF.I have never been more impreed by a group of dedicated profeionals who work day and night to support our member countries.同时也请允许我向那些能力出众、素质一流的基金组织工作人员表达深深的谢意。我为这样一个专业人员队伍而赞叹，他们日以继夜、全情投入地工作，为成员国提供持续不断的支持，这使我深受感动。

I also wish to thank the Fund’s Executive Directors for all their great guidance and collegiality.And I would like to thank you, the members, for your constant support, for believing in us.我还要感谢基金组织的各位执董，感谢他们的正确指导和出色管理。我还要感谢你们，所有成员国，感谢你们一如既往的支持和信任。

One final reflection: as part of these Meetings, we offered an eay contest for Japanese students to share their thoughts on the IMF and the global economy.We had many wonderful, inspiring, entries.The finalists are with us today.Could they please stand up? 最后，我还想提及一点，作为本届年会的一个相关活动，我们举办了一场日本学生作文比赛，请学生们就基金组织和全球经济话题各抒己见。我们收集到了很多文思精妙、颇具启发性的文章。最终进入决赛的选手今天也来到了这里。可否站起来让大家认识一下？

One eay in particular stuck in my mind.It was written by a young woman named Nao Yonemoto.有一篇文章给我的印象最为深刻。它的作者是一位名叫米本奈绪的女学生。

Nao talked about a famous incident in Japanese history, when two warlords—Shingen Takeda and Kenshin Uesugi—were fighting for supremacy.When one warlord found out that the other was short of salt—an especially valuable commodity in those days—he sent him some from his own personal supply.奈绪提到了日本历史上一个著名的事件，两位名将——武田信玄与上杉谦信——为了权力地位发生争斗。在那个年代，盐是一种价值极高的商品，当其中一人发现他的对手没有了食盐供应时，就从自己的供给中取出一部分送给了他。

And so we have the great Japanese proverb: “give salt to your opponent”.In other words, be generous to those in need, even if they are different from you, or not on your team.The meage? Helping each other in difficult times is the only way forward.由此，就有了这样一句日本谚语：“送盐予敌”。也就是说，要对那些需要帮助的人慷慨相助，即使他们与你格格不入，甚或与你为敌。这说明了什么呢？在困境中，只有彼此扶持，才能不断前行。

Mr.Chairman, Governors: the spirit of cooperation is the only way forward.I saw that spirit in Sendai the other day.I saw it as I traveled throughout our member countries over the past year.I see it again on your faces this morning.主席先生，各位理事：合作精神是推动我们向前的唯一动力。不久前，我在仙台看到了这种精神。过去一年里，当我走访各成员国时，也看到了这种精神。今天在这里，我从你们的神情中又再次看到了这种精神。

It is the spirit of our Meetings.May you travel back with it when you go home.这就是我们的会议所秉持的精神。希望大家把这种精神带回去。

Thank you.谢谢。