Mr. Jim Wolfensohn, president of the World Bank, paid a one-day visit to Ireland on 21 January. He held discussions with the Taoiseach and the Minister of State, Deputy Kitt and delivered an address to the Institute for European Affairs. It was Mr. Wolfensohn's first visit to Ireland since he became president of the Bank in 1995. Ireland is an increasingly important partner of the bank through its national contributions to the heavily indebted poor countries trust fund, the International Development Agency and various other development funds managed by the bank. Ireland has close co-operation with the World Bank in countries such as Uganda and Tanzania. Over the past six months, we have engaged in a dialogue with the bank on the issue of developing country debt on the basis of the debt strategy of Ireland Aid and the Department of Finance, which was launched by the Minister of State, Deputy Kitt in July 2002.