There were 5 MC members present with two members being represented through their proxies. Two members could not attend the meeting. The MC had reviewed the work done since the 48th MC and resolved three issues. The first was the identification of subjects for the 20th CEO Meeting to be held in Baku in 2010 during the 35th Annual Meeting of IDB Group. This event will jointly be organized with the IDB. The MC also identified the 15 subjects to be implemented in 2010. Finally, Badr-Forte Bank was removed from the membership list as it was no longer existent. The MC Members also participated in the events organized for the WB/IMF Annual Meetings taking place in Istanbul.